Global aging: more headwinds for U.S. stocks?
Abstract: The retirement of the baby boomers is expected to severely cut U.S. stock values in the near future. Since population aging is widespread across the world?s largest countries, this raises the question of whether global aging could adversely affect the U.S. equity market even further. However, the strong relationship between demographics and equity values in this country do not hold true in other industrial countries. This suggests that global aging is unlikely to create additional headwinds for U.S. equities.
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Description: Full text
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2014
Order Number: 38