The impact of population aging on asset prices is a topic that has attracted tremendous interest, both in academic research and even more so in the popular press. It is not too hard to understand why. Poterba addresses three issues related to the links between demography and financial markets. First, he outlines a very simple model in which there can be an important linkage between the age structure of the population and the level of financial asset prices. Then he describes the empirical evidence that is available on this relationship, focusing primarily on the U.S. experience in the 20th century. Finally, he explores how the changing age structure of the population will affect the demand for different types of financial products.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Article provided by Federal Reserve Bank of Kansas City in its journal Economic Review.
Volume (Year): (2004) Issue (Month): Q IV () Pages: 43-53 Download reference. The following formats are available: HTML,
plain text,
BibTeX,
RIS (EndNote),
ReDIF
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)