Holdings: 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...

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Main Author:	Brooks, Robin (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2000
Series:	IMF Working Papers Working Paper No. 00/18
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	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 that returns to baby boomers will be substantially below returns to earlier generations, even when markets are rational and forward-looking. This result is important because the current debate over how to reform pay-as-you-go pension systems often takes historical returns on financial assets-and on the equity premium-as given
Physical Description:	1 Online-Ressource (36 p)
ISBN:	1451843631 9781451843637

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spelling	Brooks, Robin Verfasser aut What Will Happen to Financial Markets When the Baby Boomers Retire? Brooks, Robin Washington, D.C International Monetary Fund 2000 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 00/18 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 that returns to baby boomers will be substantially below returns to earlier generations, even when markets are rational and forward-looking. This result is important because the current debate over how to reform pay-as-you-go pension systems often takes historical returns on financial assets-and on the equity premium-as given Online-Ausg http://elibrary.imf.org/view/IMF001/07910-9781451843637/07910-9781451843637/07910-9781451843637.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Brooks, Robin What Will Happen to Financial Markets When the Baby Boomers Retire?
title	What Will Happen to Financial Markets When the Baby Boomers Retire?
title_auth	What Will Happen to Financial Markets When the Baby Boomers Retire?
title_exact_search	What Will Happen to Financial Markets When the Baby Boomers Retire?
title_exact_search_txtP	What Will Happen to Financial Markets When the Baby Boomers Retire?
title_full	What Will Happen to Financial Markets When the Baby Boomers Retire? Brooks, Robin
title_fullStr	What Will Happen to Financial Markets When the Baby Boomers Retire? Brooks, Robin
title_full_unstemmed	What Will Happen to Financial Markets When the Baby Boomers Retire? Brooks, Robin
title_short	What Will Happen to Financial Markets When the Baby Boomers Retire?
title_sort	what will happen to financial markets when the baby boomers retire
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