The Savings Glut of the Old: Population Aging, the Risk Premium, and the Murder-Suicide of the Rentier
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下载链接：
https://www.nber.org/papers/w29944
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资源简介：
Population aging has been linked to a global savings glut and a decline in safe real interest rates. Conversely, risky real returns have not fallen as much, if at all, with equity risk premia on the rise. An existing literature can explain changes in safe rates using demographics. We go further to
提供机构：
美国国家经济研究局
创建时间：
2022-04-01
