A couple of weeks ago, I wrote how lifecycle models of saving and consumption predict that retired people should dissave. As the population of a country ages, this dissaving in retirement should lead to less and less demand for bonds and other safe investments and to higher real interest rates.
We all pay for it – one way or another
We all pay for it – one way or another
We all pay for it – one way or another
A couple of weeks ago, I wrote how lifecycle models of saving and consumption predict that retired people should dissave. As the population of a country ages, this dissaving in retirement should lead to less and less demand for bonds and other safe investments and to higher real interest rates.