We examine the link between equity risk premiums and demographic changes using a very long sample over the twentieth century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for fifteen countries. We find that demographic variables...

A Productivity Commission staff working paper on 'Workforce Participation Rates: How Does Australia Compare?' (by Joanna Abhayaratna and Ralph Lattimore) was released January 2007. With the population ageing and the associated shift in the age structure of the population towards older groups...