What is the issue?
- Demographic Change is recognized globally as a Megatrend, affecting many aspects of economy, politics and society.
- However, its effects are often unknown underestimated or ignored.
- Particularly, effects of demographic change on financial markets are rarely discussed.
- The complex chain of effects of demographic change on macroeconomic variables, the behavior of governments, institutional and private investors is not sufficiently understood.
- Demographic data are currently undrerrepresented in asset pricing models.
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