Global Aging and Financial Markets: Hard Landings Ahead (CSIS Significant Issues Series)
Robert Stowe England, Robert D. HormatsISBN: 0892063920;
The retirement of the baby boom generation poses a challenge to the world's financial markets. This book examines the prospect that, after 2020, pension funds will have to pay out more in benefits than employers will be contributing, and it considers theextent to which individuals will liquidate equity holdings, or switch to bond holdings, or do both to sustain their living standards. The book examines the possibility that these changes will drive down equity values.
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