Publication: Jan 2022
The book includes: Introduction, Global Data Sources, Macroeconomic Implications, Asset Pricing Implications, Health & Longevity, Retirement & Pensions, Global Policy: Inequality, Sustainability, Governance & Human Capital.
From the Book's Cover:
Many economists, policy makers, and regulators take a narrow view of demographics, artificially restricting its application to age and population analysis. In Demographics Unravelled: How Demographics Affect and Influence Every Aspect of Economics, Finance and Policy, distinguished economic researcher Amlan Roy challenges this conventional perspective with a conclusive demonstration of the widespread relevance of demographics in macroeconomics, investments, policy, and sustainability. The author shows readers how demographics—interpreted broadly as “people characteristics”—extend beyond age to include gender, race, migrant status, family background, and education and how they are reflected in psychology and behavior. He explores how close analyses of these characteristics drive deep insights into what motivates economic trends and market movements. It should be of interest to global investors, regulators, academics, actuaries and policymakers. The book presents an integrative view at the cusp of Economics, Finance, Health and Policy.
The book covers not just the commonly discussed long-term effects on markets, economics, and policy driven by demographic trends, but the short- and medium-term effects with significant consequences for investors and economic actors. It also discusses the economic prospects and fortunes of companies, households, and countries as they’re impacted by the shifting sands of demographic movement
Advance Praise by Global Experts
Tom Sargent, Professor of Economics, New York University, Nobel Prize winner (2011)
This book is a fascinating marshalling of evidence about how demographic forces shape many of the pressing economic, social, and political problems that we confront today.
Narayana Kocherlakota, Professor of Economics, University of Rochester. Former Minneapolis Fed President & FOMC Member
In this deep but highly accessible book, Amlan Roy draws upon his many years of experience to explain the many ways in which demography shapes the macroeconomy and financial markets. Students and market professionals will find Roy's analysis to be at once enlightening and engaging.
Zvi Bodie, Professor Emeritus Boston University and Global Pensions Expert. Author of "Worry-Free Investing"
With the benefit of two decades of research into the many aspects of an aging global economy, Amlan Roy explains to us the profound implications of demography on virtually every aspect of our welfare. In clear, practical language, he analyzes and informs-we should all read it and thank him.
Tobias Adrian, Financial Counselor and Director, International Monetary Fund
This book is a must read for anyone working on the intersection of demographics, finance, and economics. There is a wealth of data, insight, and research presented in a concise package.
Giles Keating, former Global Head of Credit Suisse Research, Director Bitcoin Suisse
Roy’s brilliant new book unifies the vast demographics literature across debt, gender, growth, inflation, asset prices and beyond, gauging research on its ability to look below broad population aggregates to the finer groupings that really matter.
The book draws on two decades of applied research in global financial markets. The author spent nearly two decades in investment banking research and nearly five years in investment management research presenting to clients across 30+ countries. It is interdisciplinary, accessibly written and challenges narrow perspectives.
Clients who have been recipients of this research and indirect contributors through their dialogue include: asset managers, banks, insurance companies, hedge funds, private equity managers, central banks, sovereign wealth funds, pension funds (govt, public sector and private), endowments, private banks.