We all remember theories like the Baby Boomers and Generation X or even Generation Me. The basic idea seems to be that people are influenced not only by their upbringing but by the economic and political environment of the times (PESTEC External Factors if you will) and I do not see any reason to discount this.
However I do sometimes think that there are sweeping generalisations among these theories.
In saying that I have found this interesting article on managing the Generation Y phenomenon (people born between 1980 and 1995)
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