Demography, Capital Flows and Asset Allocation over the Life-cycle

Conference object English OPEN
Mann, Katja; Davenport, Margaret;
  • Publisher: Kiel und Hamburg: ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
  • Subject: G11 | G15 | J11
    • ddc: ddc:330

This paper studies the effect of population aging on portfolio choice, asset prices and international asset trades. In a multi-period OLG model, we analyze how an increase in longevity or a decrease in fertility in a country affects the demand for safe and risky assets.... View more
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