The Murder-Suicide of the Rentier: Population Aging and the Risk Premium
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https://www.nber.org/papers/w26943
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资源简介：
Population aging has been linked to global declines in real interest rates. A similar trend is seen for equity risk premia, which are on the rise. An existing literature can explain part of the declining trend in safe rates using demographics, but has no mechanism to speak to trends in relative
提供机构：
美国国家经济研究局
创建时间：
2020-04-01
