The Consequences of Population Aging on Private Pension Fund Saving and Asset Markets

Sylvester J. Schieber and John B. Shoven

No 4665, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines the impact of the aging demographic structure of the U.S. on its funded private pension system. A 75-year outlook is produced for the pension system corresponding to the 75-year forecast of the Social Security system. The primary result is that the pension system will cease being a source of national saving in the third decade of the next century. The paper speculates about the impact this may have on asset prices.

JEL-codes: G23 J14 (search for similar items in EconPapers)
Date: 1994-03
Note: AG PE
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Citations: View citations in EconPapers (22)

Published as The Economic Effects of Aging in the United States and Japan, Michael D. Hurd, Naohiro Yashiro, eds., pp. 111-130, (Chicago: University of Chicago Press, 1997).
Published as The Consequences of Population Aging for Private Pension Fund Saving and Asset Markets , Sylvester J. Schieber, John B. Shoven. in The Economic Effects of Aging in the United States and Japan , Hurd and Yashiro. 1996

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