Replication Data for: Demographics and Sovereign Risk — Do Markets Price Population Aging?

Replication package for 'Demographics and Sovereign Risk' by Brian Peters (2026). Tests whether sovereign bond spreads reflect demographic fundamentals using a panel of 60+ countries (2000-2024). Dependent variable is sovereign spread over US Treasuries. Key finding: aging populations (higher Z₁) predict lower spreads in advanced economies but higher spreads in developing countries, with the sign reversal captured by Z₁ × log GDP per capita interaction. Includes income conditioning, OECD/non-OECD splits, and robustness battery.