Demographic Variation, Capital Accumulation and Asset Prices
During the 1990s, asset prices increased significantly in North America and Western Europe and in particular in the United States. This surge in asset prices coincided with the baby boom generation entering its peak earnings and savings years. We use an OLG model with production to ask whether or not this demographic variation can account for the variation in asset prices and other macroeconomic aggregates.
Year of publication: |
2004-10
|
---|---|
Authors: | Henriksen, Espen ; Telmer, Chris |
Institutions: | Carnegie Mellon University, Tepper School of Business |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Henriksen, Espen,
-
Asset pricing with idiosyncratic risk and overlapping generations
Storesletten, Kjetil,
-
Consumption and risk sharing over the life cycle
Storesletten, Kjetil, (1997)
- More ...