Loading...
Please wait, while we are loading the content...
Similar Documents
Envejecimiento y finanzas: un modelo de comportamiento a largo plazo en España
| Content Provider | Semantic Scholar |
|---|---|
| Author | Díaz-Fernández, Montserrat Llorente-Marron, María Del Mar Méndez-Rodríguez, María Paz |
| Copyright Year | 2019 |
| Abstract | The aging of a population determines the characteristics of its economic environment and, according to the life-cycle hypothesis, it may affect the level of aggregate saving. Generally, the modeling of financial asset behavior considers factors of economic events and neglects the demographic approach. However, several empirical studies have found a high correlation between age distribution and stock prices. Based on those ideas, this empirical work aims at capturing the connection between the role that personal finance plays in individuals’ lifecycles and their demographic context. By means of an Error Correction Model (ECM), a cointegration analysis was conducted to visualize the stable, long-term relationship between the consumption of financial products and changes in the age structure of the population. |
| Starting Page | 35 |
| Ending Page | 48 |
| Page Count | 14 |
| File Format | PDF HTM / HTML |
| DOI | 10.22430/24223182.1442 |
| Alternate Webpage(s) | https://revistas.itm.edu.co/index.php/revista-cea/article/download/1442/1297 |
| Alternate Webpage(s) | https://doi.org/10.22430/24223182.1442 |
| Volume Number | 5 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
