Tag: impact of demographic changes
Abstract All major industrial countries will experience significant population aging over the next several decades. In both academic circles and the business press it is widely believed that population aging will have important effects on financial markets because of its expected impact on saving rates and the demand for investment funds. This paper reviews t…
Introduction The retirement of the baby boom – those people born between 1946 and 1964 – is almost upon us. The leading edge of this famous cohort turns 62 in 2008. With the aging of the baby boom, the population of the nation is about to gray rapidly over the next three decades. The purpos…
