The impact of aging on financial markets and the economyA survey

The impact of aging on financial markets and the economyA survey

The

impact of aging on financial markets and the economy

A survey

Bosworth

Barry P.

Bosworth, Barry P.

Author

Author

Bryant

Ralph C.

Bryant, Ralph C.

Author

Author

Burtless

Gary

Burtless, Gary

Author

Author

text

working paper

Chestnut Hill, Mass. Center for Retirement Research at Boston College20042004monographic

Chestnut Hill, Mass.

Chestnut Hill, Mass.

Center for Retirement Research at Boston College

2004

2004

monographic

Englisheng

English

eng

electronicapplication/pdfborn digital

electronic

application/pdf

born digital

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.

Barry P. Bosworth, Ralph C. Bryant, and Gary Burtless.

CRR WP2004-23

CRR WP2004-23

CRR WP

2004-23

http://crr.bc.edu/images/stories/Working_Papers/wp_2004-23.pdf

MChBEnglisheng

MChB

Englisheng

English

eng