A Study On The Relativity Between Population Structure Change And Asset Price Fluctuation

The change of population structure is the process most of the country will experience.Developed countries,the first to enter the aging of the population.At present,our country is in the initial stage of aging population,experiencing a variety of effects caused by aging population.Ageing is the inevitable result of the change of the population structure and population structure has an important influence on the macro economy.As an important financial market participants in financial markets, asset prices will also play a certain role.The correlation from the empirical point of view to explore the change of population structure and the volatility of asset prices.In this paper, the theoretical model of OLG frame,the application of time series regression analysis method,using ADF stationarity test and correlation coefficient matrix analysis.The results shows the change of population structure and there is a significant correlation of asset price fluctuations.The regression coefficients of retired population aged 65 and above in asset prices is negative,While15-65 years working population on asset price regression coefficient is positive.It shows that the proportion of the elderly population increases leads to a decline in asset prices and labor population proportion will lead to the increase of the rise in asset prices.Finally, on the basis of the above empirical results and related conclusions,the paper gives the corresponding policy recommendations.We should have different family planning policies in different stages of development,improve China’s endowment insurance system and capital market.Commercial banks should adjust business strategy development for different age groups of products.