Dynamic Relationships Among Age Structure Change of Population， Economic Growth and Stock Market PriceAn Empirical Study Based on Impulse Response Analysis
WANG Gui-hu
(Graduate School， Chinese Academy of Social Sciences， Beijing 102488， China)
WANG Gui-hu. Dynamic Relationships Among Age Structure Change of Population， Economic Growth and Stock Market PriceAn Empirical Study Based on Impulse Response Analysis[J]. Journal of Northeastern University(Social Science), 2015, 17(4): 355-361.
[1]Jaimovich N， Pruitt S，Siu H. The Demand for Youth: Implications for the Hours Volatility Puzzle［R］. Stanford: Stanford University， 2009. [2]Lugauer S. Estimating the Effect of the Age Distribution on Cyclical Output Volatility Across the United States［J］. Review of Economics and Statistics， 2012，94(4):896-902. [3]Haque N U， Pesaran M H ， Sharma S. Neglected Heterogeneity and Dynamics in Cross-country Savings Regressions［R］. Cambridge: Cambridge University，1999. [4]Nether P A. Peasants， Procreation and Pensions［J］. American Economic Review， 1971，61(6):380-389. [5]Browning M， Lusardi A. Household Saving: Micro Theories and Micro Facts［J］. Journal of Economic Literature， 1996，34(4):1797-1855. [6]Kohara M， Horioka C Y. Do Borrowing Constraints Matter?—An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan［J］. Japan and the World Economy， 2006，18:358-377. [7]Skans O N. How Does the Age Structure Affect Regional Productivity?［J］. Applied Economics Letters， 2008，10:787-790. [8]袁志刚，宋铮. 人口年龄结构、养老保险制度和与最优储蓄率［J］. 经济研究， 2000(11):24-33. [9]Horioka C Y， Wan J. The Determinantsof Household Saving in China: A Dynamic Panel Analysisof Provincial Data［J］. Journal of Money， Credit and Banking， 2007，39:2077-2096. [10]Bloom D E， Canning D， Fink G. Implications of Population Aging for Economic Growth［J］. Oxford Review of Economic Policy， 2010，26(4):583-612. [11]Erb C B， Harvey C R， Viskanta T E. Demographics and International Investment［J］. Financial Analysts Journal， 1997，53(7):14-28. [12]Geanakoplos J， Michael M， Martine Q. Demography and the Long-run Predictability of the Stock Market［J］. Brookings Papers on Economic Activity， 2004，7:241-325. [13]Brsch-Supan A. Global Aging: Issues， Answers， More Questions［R］. Munich: Germany MEA， 2004. [14]Hamilton J D， Lin G. Stock Market Volatility and the Business Cycle［J］. Journal of Applied Econometrics， 1996，11:573-593. [15]Flad M. Do Macro-factors Help Forecasting Stock Market Volatility?［J］. Finance and Monetary Economics， 2006，8:1-35. [16]杨菊华，陈卫，彭希哲. 中国离极低生育率还有多远?［J］. 人口研究， 2008(5):31-39.
