What Will Happen to Financial Markets When the Baby Boomers Retire?

What Will Happen to Financial Markets When the Baby Boomers Retire?
This paper explores whether changes in the age distribution have significant effects on financial markets that are rational and forward-looking. It presents an overlapping generations model in which agents make a portfolio decision over stocks and bonds when saving for retirement- Using the model to simulate a baby boom-baby bust demonstrates... READ MORE...

Publication date: January 2000
ISBN 9781451843637
$15.00

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