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...
| Autore principale: | |
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2000/018 |
| Accesso online: | Full text available on IMF |