Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/22019
Title: Demographics and Asset Markets: A Survey of the Literature
Contributor(s): Thenuwara, Wasanthi  (author); Siriwardana, Mahinda  (author); Hoang, Nam  (author)orcid 
Publication Date: 2017
Open Access: Yes
DOI: 10.4236/tel.2017.74057Open Access Link
Handle Link: https://hdl.handle.net/1959.11/22019
Abstract: This paper surveys the theoretical and empirical literature examining the effects of population age structure on financial asset prices, including critical reviews of the methodologies used and an evaluation of contradictory results. The survey focuses on the effects of the Baby Boom generation on asset prices, and in particular, the question of the asset meltdown hypothesis(AMH). The existing literature reveals that an asset meltdown may never eventuate nevertheless it remains plausible that ageing of the Baby Boomers will have a significant negative impact on asset prices. The previous studies were based on where the proportion of the old age population is relatively low. With the first Baby Boomers reaching 65 years of age in 2011 this proportion is projected to increase substantially and hence the effect is reinforced. Thus new research is needed to address the unresolved issues given that population ageing has serious policy issues in the developed economies.
Publication Type: Journal Article
Source of Publication: Theoretical Economics Letters, v.7, p. 782-794
Publisher: Scientific Research Publishing, Inc
Place of Publication: United States of America
ISSN: 2162-2086
2162-2078
Fields of Research (FoR) 2008: 140299 Applied Economics not elsewhere classified
Fields of Research (FoR) 2020: 380199 Applied economics not elsewhere classified
Socio-Economic Objective (SEO) 2008: 919999 Economic Framework not elsewhere classified
Socio-Economic Objective (SEO) 2020: 159999 Other economic framework not elsewhere classified
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article

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