Demographics and Asset Markets: A Survey of the Literature

Title
Demographics and Asset Markets: A Survey of the Literature
Publication Date
2017
Author(s)
Thenuwara, Wasanthi
Siriwardana, Mahinda
Hoang, Nam
( author )
OrcID: https://orcid.org/0000-0003-2938-1209
Email: nhoang3@une.edu.au
UNE Id une-id:nhoang3
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
Scientific Research Publishing, Inc
Place of publication
United States of America
DOI
10.4236/tel.2017.74057
UNE publication id
une:22209
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.
Link
Citation
Theoretical Economics Letters, v.7, p. 782-794
ISSN
2162-2086
2162-2078
Start page
782
End page
794

Files:

NameSizeformatDescriptionLink