Discover what demographics can tell us about the economy, markets, and the future In Demographics Unravelled, renowned Macro-Demographics expert Amlan Roy delivers an insightful and timely exploration of the impact that "people characteristics" have on national economies. Considering factors like gender, race, migrant status, family background, and education, the author delves deeply into a subject that drives market behavior and economic variables, including growth, debt, inflation, employment, and productivity. These have national and international policy implications. In this one-of-a-kind book, you’ll discover: Why the study of demographics is the hidden key to understanding economic growth, asset prices, and capital flows How to use detailed demographics to forecast future scenarios in economics, socioeconomics, geopolitics, and the environment The short-, medium-, and long-term effects of consumer and worker behavior How understanding demographics is key to understanding health, pensions, migration, sustainability and social policies. It is intimately linked to the Sustainable Development Goals of the UN—Gender, Climate, Poverty and Inequality Perfect for institutional investors, insurance professionals, economists, and business leaders, Demographics Unravelled will also earn a place in the libraries of academics and students studying a variety of economic disciplines and seeking a one-stop and in-depth discussion of demographics-driven macroeconomic effects.

Discover what demographics can tell us about the economy, markets, and the future In Demographics Unravelled, renowned Macro-Demographics expert Amlan Roy delivers an insightful and timely exploration of the impact that “people characteristics” have on national economies. Considering factors like gender, race, migrant status, family background, and education, the author delves deeply into a subject that drives market behavior and economic variables, including growth, debt, inflation, employment, and productivity. These have national and international policy implications. In this one-of-a-kind book, you’ll discover: Why the study of demographics is the hidden key to understanding economic growth, asset prices, and capital flows How to use detailed demographics to forecast future scenarios in economics, socioeconomics, geopolitics, and the environment The short-, medium-, and long-term effects of consumer and worker behavior How understanding demographics is key to understanding health, pensions, migration, sustainability and social policies. It is intimately linked to the Sustainable Development Goals of the UN—Gender, Climate, Poverty and Inequality Perfect for institutional investors, insurance professionals, economists, and business leaders, Demographics Unravelled will also earn a place in the libraries of academics and students studying a variety of economic disciplines and seeking a one-stop and in-depth discussion of demographics-driven macroeconomic effects.

Demographic Methods and Concepts makes accessible the most commonly needed techniques for working with population statistics, irrespective of the reader's mathematical background. For the first time in such a text, concepts and practical strategies needed in the interpretation of demographic indices and data are included. Spreadsheet training exercises enable students to acquire the computer skills needed for demographic work. The accompanying free CD-ROM contains innovative, fully integrated learning modules as well as applications facilitating demographic studies.

We analyze how aging populations might affect the stability of banking systems through changes in the balance sheets and risk preferences of banks over the period 2000-2022. While the anticipated decline in maturity transformation due to aging hints at a possible reduction in risk exposure, an older population may propel banks towards yield-seeking behaviors, offsetting the diminishing prominence of conventional lending operations. Through a comprehensive examination of advanced economies over the past two decades, our findings reveal a general enhancement in bank stability correlating with the aging of populations. However, the adaptive responses of banks to these demographic changes are potentially introducing tail risks. Given the rapid global shift towards aging societies, our analysis highlights the critical need for policymakers to be proactive and vigilant. This is particularly pertinent considering historical precedents where periods of relative stability have often been harbingers of emerging risks.

Demography is not destiny. As Giacomo Casanova explained over two centuries ago: 'There is no such thing as destiny. We ourselves shape our own lives.' Today we are shaping them and our societies more than ever before. Globally, we have never had fewer children per adult: our population is about to stabilize, though we do not know when or at what number, or what will happen after that. It will be the result of billions of very private decisions influenced in turn by multiple events and policies, some more unpredictable than others. More people are moving further around the world than ever before: we too often see that as frightening, rather than as indicating greater freedom. Similarly, we too often lament greater ageing, rather than recognizing it as a tremendous human achievement with numerous benefits to which we must adapt. Demography comes to the fore most positively when we see that we have choices, when we understand variation and when we are not deterministic in our prescriptions. The study of demography has for too long been dominated by pessimism and inhuman, simplistic accounting. As this fascinating and persuasive overview demonstrates, how we understand our demography needs to change again.

This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality. “Whatever the future holds”, the authors argue, “it will be nothing like the past”. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world’s available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world’s trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the world’s economy may be going.

‘An in-depth but accessible analysis of the complex factors that impact structural changes in financial markets and investor opportunities.’ In Any Happy Returns: Structural Changes and Super Cycles in Markets, celebrated author Peter C. Oppenheimer delivers his much-anticipated follow-up to The Long Good Buy. The book discusses how structural changes in macroeconomic drivers, geopolitics, government policy and social attitudes all combine to drive secular super cycles that help to explain investor returns. The author focuses on what he calls the Post-Modern Cycle, what it's likely to look like, how it will unfold and what investors should focus on. You'll also find: An introduction to the history of cycles and structural ‘Super Cycles’, and what has driven them. A detailed analysis of Super Cycles since 1945, including the Post-War Boom, the Great Moderation, the post Global Financial Crisis and Pandemic era. The specific drivers of the emerging Post-Modern Cycle amid a higher cost of capital, bigger governments, more proactive industrial policy, greater regulation, and less globalisation. Oppenheimer focuses on the developments in technology and AI, and on efforts to de-carbonise economies, and how these might impact financial market returns and opportunities. An invaluable resource for students of economic and financial history, and for investors, Any Happy Returns is essential reading for anyone seeking insights into upcoming market conditions and returns.