Demographics and capital market returns

被引：8

作者：

Arnott, RD ^{[1
]}

Casscells, A

机构：

[1] First Quadrant LP, Pasadena, CA USA

[2] Res Affiliates LLC, Pasadena, CA USA

[3] Aetos Capital LLC, Menlo Pk, CA USA

来源：

FINANCIAL ANALYSTS JOURNAL | 2003年 / 59卷 / 02期

关键词：

Investment Industry : future directions and sources of change; Financial Markets; other; Economics : macroeconomics;

D O I：

10.2469/faj.v59.n2.2511

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

By 2010, longevity in the United States will have increased by nearly 15 years since 1940 but the retirement age for full Social Security and Medicare benefits will have increased by only a single year. As those of us in the Baby Boom approach "normal" retirement age, the population will contain nearly twice as many elderly people (over 65) relative to "normal" working-age people (age 20-65) as society has ever seen.(1) The simple fact is that moving from the current level of just under 3 workers per retiree to just over 1.5 workers per retiree is a likely formula for interclass and intergenerational rebellion; therefore, something will have to give.

引用

页码：20 / +

页数：11

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