Routledge Dictionary of Economics, 3rd Edition

B

baby-boom period (J1)

The 1970s when persons who were born in the high-birth-rate period following the Second World War became adults.

baby-bust generation (J1)

The 1990s and later when there were fewer young adults.

backtesting (C1, G1)

A simulation of actual trading in SECURITIES using past data.

backwardation (G1)

1. The charge made on a stock exchange for carrying the settlement of a BARGAIN into the next accounting period.
2. In commodity markets, it is the amount by which a SPOT PRICE and the cost of carrying a commodity over time exceeds the forward price. The opposite is CONTANGO.

backward-bending labour supply curve (J3)

A curve plotting the supply of labour against wage rates which becomes negatively sloped at higher wage rates ...