The impact of global aging on capital markets and housing

Axel Börsch-Supan

doi:10.1007/978-3-540-68137-3_4

The impact of global aging on capital markets and housing

Axel Börsch-Supan

University of Mannheim

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

3 Scopus citations

Abstract

Aging has complex effects on the markets for real capital - capital used in the production of goods and services, and housing capital. If elderly people save less than younger people, an aging society saves less. This should increase interest rates since supply of funds gets tight. At the same time, the younger generation becomes ever smaller, so there is also less demand for new investment. The equilibrium effect is thus uncertain.

Original language	English
Title of host publication	Demographic Change in Germany
Subtitle of host publication	The Economic and Fiscal Consequences
Publisher	Springer Berlin Heidelberg
Pages	65-88
Number of pages	24
ISBN (Print)	9783540681359
DOIs	https://doi.org/10.1007/978-3-540-68137-3_4
State	Published - 2008
Externally published	Yes

Access to Document

10.1007/978-3-540-68137-3_4

Cite this

@inbook{f34bc794ce9e4487a9c33ff009755616,

title = "The impact of global aging on capital markets and housing",

abstract = "Aging has complex effects on the markets for real capital - capital used in the production of goods and services, and housing capital. If elderly people save less than younger people, an aging society saves less. This should increase interest rates since supply of funds gets tight. At the same time, the younger generation becomes ever smaller, so there is also less demand for new investment. The equilibrium effect is thus uncertain.",

author = "Axel B{\"o}rsch-Supan",

year = "2008",

doi = "10.1007/978-3-540-68137-3_4",

language = "English",

isbn = "9783540681359",

pages = "65--88",

booktitle = "Demographic Change in Germany",

publisher = "Springer Berlin Heidelberg",

}

TY - CHAP

T1 - The impact of global aging on capital markets and housing

AU - Börsch-Supan, Axel

PY - 2008

Y1 - 2008

N2 - Aging has complex effects on the markets for real capital - capital used in the production of goods and services, and housing capital. If elderly people save less than younger people, an aging society saves less. This should increase interest rates since supply of funds gets tight. At the same time, the younger generation becomes ever smaller, so there is also less demand for new investment. The equilibrium effect is thus uncertain.

AB - Aging has complex effects on the markets for real capital - capital used in the production of goods and services, and housing capital. If elderly people save less than younger people, an aging society saves less. This should increase interest rates since supply of funds gets tight. At the same time, the younger generation becomes ever smaller, so there is also less demand for new investment. The equilibrium effect is thus uncertain.

UR - http://www.scopus.com/inward/record.url?scp=84895372391&partnerID=8YFLogxK

U2 - 10.1007/978-3-540-68137-3_4

DO - 10.1007/978-3-540-68137-3_4

M3 - Chapter

AN - SCOPUS:84895372391

SN - 9783540681359

SP - 65

EP - 88

BT - Demographic Change in Germany

PB - Springer Berlin Heidelberg

ER -

The impact of global aging on capital markets and housing

Abstract

Access to Document

Other files and links

Fingerprint

Cite this