IDEAS home Printed from https://ideas.repec.org/a/rsr/journl/v60y2012i3p31-50.html
   My bibliography  Save this article

The Impact Of Global Aging On Asset Prices And Returns

Author

Listed:
  • Mihail Dumitru SACALA

    (Academy of Economic Studies, Bucharest)

Abstract

Numerous studies have tried to model the connection between the structure of population and the financial markets, showing the possibility of a future meltdown in the financial markets, via lower savings and investments given the reaching of the baby-boom cohorts at the age of retirement. In general the research has focused on the case of more industrialized countries, where the aging phenomenon is more felt in the present. The case of Central and Eastern European countries was somehow left aside, although the issue of aging should be an important one, considering also the current state of developing CEE capital markets. Our empirical work, based on the Romanian experience, suggests also that the demographic dynamics have had a detectable impact on the domestic stock market.

Suggested Citation

  • Mihail Dumitru SACALA, 2012. "The Impact Of Global Aging On Asset Prices And Returns," Romanian Statistical Review, Romanian Statistical Review, vol. 60(3), pages 31-50, April.
    • Handle: RePEc:rsr:journl:v:60:y:2012:i:3:p:31-50
    as

    Download full text from publisher

    File URL: http://www.revistadestatistica.ro/Articole/2012/art_3en_rrs3_2012.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Laura Raisa MILOS & Carmen CORDUNEANU, 2011. "Pension funds – main institutional investor on the Romanian capital market?," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 4(2(14)), pages 105-110.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsr:journl:v:60:y:2012:i:3:p:31-50. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adrian Visoiu (email available below). General contact details of provider: https://edirc.repec.org/data/stagvro.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.