Lim, Kyung-Mook; Weil, David N. - In: Scandinavian Journal of Economics 105 (2003) 3, pp. 359-378
This paper addresses two issues. The first is whether demographic change was plausibly responsible for the run-up in stock prices over the last decade, and whether an attempt by the baby boom cohort to cash out of its investments in the period 2010-2030 might lead to an "asset meltdown". The...