During the 1990s, asset prices increased significantly in North America and Western Europe and in particular in the United States. This surge in asset prices coincided with the baby boom generation entering its peak earnings and savings years. We use an OLG model with production to ask whether or not this demographic variation can account for the variation in asset prices and other macroeconomic aggregates.
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Paper provided by Carnegie Mellon University, Tepper School of Business in its series GSIA Working Papers with number
2004-E26.
Length: Date of creation: Oct 2004 Date of revision: Handle: RePEc:cmu:gsiawp:-1261638458
Contact details of provider: Postal: Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213-3890 Web page: http://www.tepper.cmu.edu/
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