The Consequences of Population Aging on Private Pension Fund Saving and Asset Markets
AbstractThis paper examines the impact of the aging demographic structure of the U.S. on its funded private pension system. A 75-year outlook is produced for the pension system corresponding to the 75-year forecast of the Social Security system. The primary result is that the pension system will cease being a source of national saving in the third decade of the next century. The paper speculates about the impact this may have on asset prices.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 4665.
Date of creation: Mar 1994
Date of revision:
Publication status: published as Sylvester J. Schieber, John B. Shoven. "The Consequences of Population Aging for Private Pension Fund Saving and Asset Markets," in Michael D. Hurd and Naohiro Yashiro, editors, "The Economic Effects of Aging in the United States and Japan" University of Chicago Press (1996)
Note: AG PE
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- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
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