Revisiting the asset-meltdown hypothesis:
The present article focuses on the so-called "asset meltdown hypothesis", which postulates a direct link between demographic developments and the level of assetprices. In particular, proponents of this hypothesis argue, when baby boomers startentering retirement they will become net seller...
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| 1. Verfasser: | |
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| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The present article focuses on the so-called "asset meltdown hypothesis", which postulates a direct link between demographic developments and the level of assetprices. In particular, proponents of this hypothesis argue, when baby boomers startentering retirement they will become net sellers of financial assets to finance retirement consumption. As subsequent generations are smaller in numbers, other things equal, this would put downward pressure on financial asset prices. Revisiting this hypothesis, there is some support for a link between demographics and financial asset prices, although the link may not be strong. A number of mitigating factors exist, so that "other things" will not be equal. A major question in this context is to what extent demographic developments and their implications for other variables affecting financial asset prices are already reflected in financial asset prices and how fast any additional pressures on financial asset prices will play themselves out. |
| Beschreibung: | 1 Online-Ressource (19 p.) |
| DOI: | 10.1787/fmt-v2008-art16-en |
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| 520 | |a The present article focuses on the so-called "asset meltdown hypothesis", which postulates a direct link between demographic developments and the level of assetprices. In particular, proponents of this hypothesis argue, when baby boomers startentering retirement they will become net sellers of financial assets to finance retirement consumption. As subsequent generations are smaller in numbers, other things equal, this would put downward pressure on financial asset prices. Revisiting this hypothesis, there is some support for a link between demographics and financial asset prices, although the link may not be strong. A number of mitigating factors exist, so that "other things" will not be equal. A major question in this context is to what extent demographic developments and their implications for other variables affecting financial asset prices are already reflected in financial asset prices and how fast any additional pressures on financial asset prices will play themselves out. | ||
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| spelling | Schich, Sebastian VerfasserIn aut Revisiting the asset-meltdown hypothesis Sebastian, Schich Paris OECD Publishing 2009 1 Online-Ressource (19 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The present article focuses on the so-called "asset meltdown hypothesis", which postulates a direct link between demographic developments and the level of assetprices. In particular, proponents of this hypothesis argue, when baby boomers startentering retirement they will become net sellers of financial assets to finance retirement consumption. As subsequent generations are smaller in numbers, other things equal, this would put downward pressure on financial asset prices. Revisiting this hypothesis, there is some support for a link between demographics and financial asset prices, although the link may not be strong. A number of mitigating factors exist, so that "other things" will not be equal. A major question in this context is to what extent demographic developments and their implications for other variables affecting financial asset prices are already reflected in financial asset prices and how fast any additional pressures on financial asset prices will play themselves out. Finance and Investment Enthalten in OECD Journal: Financial Market Trends Vol. 2008, no. 2, p. 1-14 volume:2008 year:2008 number:2 pages:1-14 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/fmt-v2008-art16-en Volltext |
| spellingShingle | Schich, Sebastian Revisiting the asset-meltdown hypothesis Finance and Investment |
| title | Revisiting the asset-meltdown hypothesis |
| title_auth | Revisiting the asset-meltdown hypothesis |
| title_exact_search | Revisiting the asset-meltdown hypothesis |
| title_full | Revisiting the asset-meltdown hypothesis Sebastian, Schich |
| title_fullStr | Revisiting the asset-meltdown hypothesis Sebastian, Schich |
| title_full_unstemmed | Revisiting the asset-meltdown hypothesis Sebastian, Schich |
| title_short | Revisiting the asset-meltdown hypothesis |
| title_sort | revisiting the asset meltdown hypothesis |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-v2008-art16-en |
| work_keys_str_mv | AT schichsebastian revisitingtheassetmeltdownhypothesis |