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Demographic changes and asset prices in an overlapping generations model

Author

Listed:
  • Beatrice D. Simo-Kengne
  • Frank Riedel
  • Ghislain H. Demeze-Jouatsa

Abstract

Working Paper 884 We examine the effect of demographic shifts on asset prices in an overlapping generations model with endogenous population dynamics. We establish a robust inverse relationship between returns and the old dependency ratio. We document the absence of a simple monotonic relationship between asset prices and demographic parameters. Returns depend on the joint […]

Suggested Citation

  • Beatrice D. Simo-Kengne & Frank Riedel & Ghislain H. Demeze-Jouatsa, 2023. "Demographic changes and asset prices in an overlapping generations model," Working Papers 884, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:884
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    References listed on IDEAS

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    More about this item

    Keywords

    Consumer Behavior; Financial Markets; Macroeconomic Models; Panel data; Time Series Analysis;
    All these keywords.

    JEL classification:

    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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