The Impact of Aging on Financial Markets and the Economy: A Survey
62 Pages Posted: 18 Jun 2008
Date Written: July 1, 2004
Abstract
All major industrial countries will experience significant population aging over the next several decades. In both academic circles and the business press it is widely believed that population aging will have important effects on financial markets because of its expected impact on saving rates and the demand for investment funds. This paper reviews the literature on the macroeconomic and asset market effects of population aging, focusing on four related issues: (a) The impact of population age structure on aggregate household saving; (b) The effect of population aging on investment demand; (c) Evidence on the influence of population age structure on financial market asset prices and returns; and (d) Effects of globalization on our interpretation of the impact of demographic change.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Demography, National Savings and International Capital Flows
-
Population Aging and Global Capital Flows in a Parallel Universe
By Robin Brooks
-
The Developed World's Demographic Transition - the Roles of Capital Flows, Immigration, and Policy
By Hans Fehr, Sabine Jokisch, ...
-
Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model
By Axel H. Börsch-supan, Alexander Ludwig, ...
-
Capital Flows to the New World as an Intergenerational Transfer
-
The Demographic Transition in Closed and Open Economies: A Tale of Two Regions
-
Domestic Saving and International Capital Flows Reconsidered
-
Population Aging and International Capital Flows
By David Domeij and Martin Flodén