Search Results
Journal Article
Comparing the cost of capital in the United States and Japan: a survey of methods
Recent years have seen the emergence of a sizable literature comparing the cost of capital in the United States and Japan. This review of the literature highlights the methodological differences of previous investigations and seeks to isolate common conclusions. Emphasis is given to underlying economic and institutional factors that may contribute to cost of capital disparities.
Journal Article
Impact of population aging on financial markets in developed countries
The impact of population aging on asset prices is a topic that has attracted tremendous interest, both in academic research and even more so in the popular press. It is not too hard to understand why. Poterba addresses three issues related to the links between demography and financial markets. First, he outlines a very simple model in which there can be an important linkage between the age structure of the population and the level of financial asset prices. Then he describes the empirical evidence that is available on this relationship, focusing primarily on the U.S. experience in the 20th ...
Conference Paper
The impact of population aging on financial markets