Effects of the Ageing Population on Capital Markets

Freddy Spiegel
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Freddy Spiegel: Fortis Bank

Chapter Chapter 6 in Innovation, Employment and Growth Policy Issues in the EU and the US, 2009, pp 137-143 from Springer

Abstract: The ageing of the population in the developed world, and especially in Europe, will have far-reaching consequences for the economic, financial, social and political environment over the coming decades. Capital markets in general are considered an important instrument in coping with this challenging situation. While they cannot solve all the issues linked to ageing, well functioning capital markets could at least provide a channel for the transmission of purchasing power between generations. Capital accumulation over one’s working years would be followed by disinvestments during retirement, which would facilitate the financing of ageing. This mechanism could be used at the individual level and at the macro level.

Keywords: Interest Rate; Capital Market; Hedge Fund; Investment Opportunity; Private Pension (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-00631-9_6

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DOI: 10.1007/978-3-642-00631-9_6

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