_
Investing for retirement?
•
You’ll want to have read this & underlying paper by Kopecky & Alan Taylor
•
@RobinBHarding #pension #equitypremium #demographic #bonds
Investing for retirement?
•
You’ll want to have read this & underlying paper by Kopecky & Alan Taylor
•
@RobinBHarding #pension #equitypremium #demographic #bonds
_
Safe rate under water, but equity return doing OK, why?
•
there is a plausible demographic channel that may be driving this trend
•
\👇
Safe rate under water, but equity return doing OK, why?
•
there is a plausible demographic channel that may be driving this trend
•
\👇
_
Aging households are responsible for a savings glut helped to drive down real interest rates on safe assets, but they have lower shares equity
•
shifting population weight does not have the same effect on equity returns that it has been shown to have on risk free assets
Aging households are responsible for a savings glut helped to drive down real interest rates on safe assets, but they have lower shares equity
•
shifting population weight does not have the same effect on equity returns that it has been shown to have on risk free assets
• • •
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