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- W3206106771 abstract "Recent work has found that countries with older populations face steeper yield curves and issue shorter maturity debt than do younger countries. We reexamine these findings using a new database of public debt maturity and yields for OECD countries. We first show that the behavior of eurozone countries in the pre-euro period drives these results. Next, including more recent data from the post-euro period, we show that the relationship between population age, maturity, and yield curve slopes disappears. This finding is robust to excluding high-credit-risk countries. Last, we show that these patterns reemerge after the European debt crisis, suggesting that eurozone capital markets have resegmented." @default.
- W3206106771 created "2021-10-25" @default.
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- W3206106771 date "2021-12-01" @default.
- W3206106771 modified "2023-09-23" @default.
- W3206106771 title "With age comes immaturity: Do countries with older populations issue shorter maturity debt?" @default.
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- W3206106771 doi "https://doi.org/10.1016/j.econlet.2021.110100" @default.
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