Stock prices and demographic structure: A cointegration approach

Youngsoo Bae ()

Economics Letters, 2010, vol. 107, issue 3, 341-344

Abstract: Using cointegration methods, I find a negative impact of the proportion of the population in the retirement age on stock prices in the US, but no positive impact of the proportion of the population in the prime earning age.

Keywords: Stock; price; Demographic; structure; Unit; root; Cointegration (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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