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Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1994

This paper addresses the issue of portfolio risk exposure as a function of age, and it focuses the debate by presenting detailed cross-sectional evidence about individual portfolios. It provides new empirical results that characterized the relationship between age and the risk exposure of...

Persistent link: https://www.econbiz.de/10005360548

Are children 'normal'?

Black, Dan; Kolesnikova, Natalia; Sanders, Seth G.; … - Federal Reserve Bank of St. Louis - 2009

In his classic work on the economics of fertility, Becker (1960) suggests that children are likely “normal.” We examine …, or in rural areas), completed fertility is positively correlated with the husband’s income. Two alternative models … exercise to analyze the localized impact on fertility of the mid-1970s increase in world energy prices—an exogenous shock that …

Persistent link: https://www.econbiz.de/10005360553

Population growth and asset prices

Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1997

This paper explores the theoretical relationship between the population growth rate and asset prices implied by an overlapping-generations model. The model shows that changes in a population's age distribution affect asset prices but such changes generate low frequency movements in asset prices....

Persistent link: https://www.econbiz.de/10005360624

Age distributions and returns of financial assets

Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1994

This paper explores the relationship between age distribution and asset returns impled by an overlapping-generations asset pricing model. The model predicts that as more individuals reach the age when the increment to their wealth reaches its maximum, asset returns fall. Cross-sectional evidence...

Persistent link: https://www.econbiz.de/10005352835

The baby boom and economic growth

Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1994

This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of capital accumulation and economic growth as the baby boom passes through the U.S. economy. The model predicts that a baby boom causes a temporary decline of the capital-labor ratio. The...

Persistent link: https://www.econbiz.de/10005707794

World population trends and challenges

Poole, William - Federal Reserve Bank of St. Louis - 2004

Presentation at Lincoln University, Jefferson City, Mo., Oct. 4, 2004

Persistent link: https://www.econbiz.de/10005526251

Social Security reform and demographic reality

Poole, William - Federal Reserve Bank of St. Louis - 2004

Presentation at Delta State University, Cleveland, Miss., Oct. 19, 2004

Persistent link: https://www.econbiz.de/10005526252

Demographic challenges to state pension systems around the world

Poole, William - Federal Reserve Bank of St. Louis - 2005

Presentation to the Culver-Stockton College, Feb. 24, 2005

Persistent link: https://www.econbiz.de/10005526255

A perspective on the graying population and current account balances

Poole, William - Federal Reserve Bank of St. Louis - 2005

Presentation to the Global Economic Outlook (GEO) Conference, West Palm Beach, Fla., March. 8, 2005

Persistent link: https://www.econbiz.de/10005420422

Conflict and the evolution of societies

Levine, David K.; Modica, Salvatore - Federal Reserve Bank of St. Louis - 2012

The Malthusian theory of evolution disregards a pervasive fact about human societies: they expand through conflict. When this is taken account of the long-run favors not a large population at the level of subsistence, nor yet institutions that maximize welfare or per capita output, but rather...

Persistent link: https://www.econbiz.de/10010570179