Replication package for the paper titled: Demographic change, consumption and equity returns. An international approach

Published: 4 February 2026| Version 1 | DOI: 10.17632/9yvhsccycz.1
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Description

This replication package contains all data series and R scripts used in the paper 'Demographic change, consumption and equity returns. An international approach'. The package is organized in two main folders: - Data: Datasets used as inputs for the empirical analysis. - Codes: R scripts implementing the full empirical methodology and producing the results. The code implements the econometric procedures used in the paper, including estimation routines, GMM-based inference, and model evaluation tests.

Files

Steps to reproduce

All scripts are designed to run without modifications as long as the folder structure is preserved. Recommended workflow: Run 1_Estimate_Slopes.R Run 2_Estimate_Models.R Run 3_KRS_test.R Run 4_Industry_Portfolios.R

Institutions

Categories

International Finance, Asset Pricing, Population, Stock Exchange, Stock Market Valuation, Birth Rate, International Investment, Capital Asset Price Model, Discount Rate

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