Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Global aging: more headwinds for U.S. stocks?
Zheng Liu
Mark M. Spiegel
Bing Wang
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.


Download Full text
Cite this item
Zheng Liu & Mark M. Spiegel & Bing Wang, "Global aging: more headwinds for U.S. stocks?" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 38, 2014.
More from this series
JEL Classification:
Subject headings:
For corrections, contact Federal Reserve Bank of San Francisco Research Library ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal