… cash flows have a direct link with the risk and changing age factors. Fifthly the whole world
… GDP long real per capita, excess returns of the stock market and excess returns of the bond …

… Population ageing affects equity markets in four major ways: (… demographic structure suggest
that 3–5% of stock returns for … reversals in capital flows, interest rates, and exchange rates. …

… In the long run, capital flows induced by demographic … the stock market depends on
predictable stock market returns at … in population structure cannot efficiently predict stock returns …

… Population ageing affects equity markets in four major ways: … the demographic structure
suggest that 3–5% of stock returns … reversals in capital flows, interest rates and exchange rates. …

… consumption, savings, capital flows, government expenditure and … of population ageing on
financial asset prices/returns and … stock market returns and regresses the excess stock returns …

… appear to be an important determinant of stock valuations, such as the … demographic
projections allows us to provide (very) long-horizon forecasts of stock market valuations and returns. …

… return is directly linked to the rate of growth of the population. With … with long-term demographic
projections for seven world … capital markets (from no international capital flows allowed to …

… prices and performance due to the ability of capital to flow … the effects of demographics on
the stock markets of the USA, … Domestic demographic data showed that demography had a …

… In order to test this claim, we compare the forecasting performance of the Demographic ATSM
and the independent-factor AFNS model (Christensen et al, 2011) and report the results in …

… Stock markets around the world underwent a profound … effect of retail investment on IPO
returns in the pandemic. The data in this study cover the population of 188 Turkish IPOs between …