#1997-016A "Population Growth and Asset Prices"
by Peter S. Yoo
August 1997

This paper explores the theoretical relationship between the population growth rate and asset prices implied by an overlapping-generations model. The model shows that changes in a population's age distribution affect asset prices but such changes generate low frequency movements in asset prices. More...

#1996-015A "Charging up a Mountain of Debt: Households and Their Credit Cards"
by Peter S. Yoo
December 1996

I use the Surveys of Consumer Finances conducted in 1983, 1989 and 1992 to separate the growth of credit card debt into two categories, changes in the number of households with credit cards and changes in households credit card debt. I can then account for the relative contributions of increases in credit card availability, number of households, and average credit card debt. More...

PUBLISHED: Federal Reserve Bank of St. Louis Review, March/April 1997, 79(2)

#1994-031A "The Baby Boom and International Capital Flows."
by Peter S. Yoo


This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of international capital flows as the baby boom passes through the U.S. economy. More...

#1994-003A "Age Dependent Portfolio Selection"
by Peter S. Yoo
February 1994

This paper addresses the issue of portfolio risk exposure as a function of age, and it focuses the debate by presenting detailed cross-sectional evidence about individual portfolios. It provides new empirical results that characterized the relationship between age and the risk exposure of individual portfolios. More...

#1994-002B "Age Distributions and Returns of Financial Assets"
by Peter S. Yoo
February 1994

This paper explores the relationship between age distribution and asset returns impled by an overlapping-generations asset pricing model. The model predicts that as more individuals reach the age when the increment to their wealth reaches its maximum, asset returns fall. More...

#1994-001B "The Baby Boom and Economic Growth"
by Peter S. Yoo
December 1994

This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of capital accumulation and economic growth as the baby boom passes through the U.S. economy. The model predicts that a baby boom causes a temporary decline of the capital-labor ratio. More...