Demographic Developments, Funded Pension Provision and Financial Stability
Finance from University Library of Munich, Germany
The following study analyzes the impact of demographic developments in Austria on the long-term average real interest rate, funded pension provision and the implications of demographic developments for the stability of the financial system. The key results of this study are twofold: (1) Households' net supply of savings and the demand for capital by the corporate sector both need to be integrated into the empirical and theoretical analysis of the impact of demographic developments on financial markets. (2) In addition, funded pension provision is exposed to demographic risks.
Keywords: Demographic change; aging; funded pensions; financial stability (search for similar items in EconPapers)
JEL-codes: G G J (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fmk
Note: Type of Document - pdf; pages: 17. Appears in OeNB Financial Stability Report 9
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Journal Article: Demographic Developments, Funded Pension Provision and Financial Stability (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpfi:0510023
Access Statistics for this paper
More papers in Finance from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().