I was just sent this paper. It is by James Porterba. Given the recent post on the Geanakoplos, Magill, and Quinzii paper that concluded stock prices may be negatively impacted when baby boomers retire, I think this may give some further perspective to the issue.
Short version: Porterba concludes that not all assets will fall when the boomers retire and that past population booms have been
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