Introduction to Demography and Financial markets

نویسندگان

  • Christopher Kent
  • Anna Park
  • Daniel Rees
چکیده

The world is in the midst of an unprecedented demographic transition. In developed and developing countries alike, populations are ageing as fertility rates decline and longevity increases. Together, these forces imply slower population growth and an increasing share of the elderly in the population, although the extent and speed of these changes will differ signifi cantly across countries. Demographic change has many important implications for fi nancial markets, including through its infl uence on labour supply, saving behaviour, capital accumulation, asset returns, international capital fl ows and the relative demand for different types of assets.

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تاریخ انتشار 2006