Open Yale CoursesECON 251: Financial TheoryLecture 13 - Demography and Asset Pricing: Will the Stock MarketDecline when the Baby Boomers Retire?<< previous session| next session >>Overview:In this lecture, we use the overlapping generations model from the previous class to see, mathematically, howdemographic changes can influence interest rates and asset prices. We evaluate Tobin's statement that aperpetually growing population could solve the Social Security problem, and resolve, in a surprising way, a
This is the end of the preview. Sign up
access the rest of the document.