Replication package for 'Demographics, Development, and the Composition of Gross External Assets' by Brian Peters (2026). The dataset is a 193-country panel from 1980 to 2024, containing demographic principal components and gross external asset composition data. It tests whether demographic aging systematically predicts shifts from official reserves toward private portfolio and direct investment.
Use Cases
- Modeling the relationship between demographic aging and reserve share based on the reported Z₁ and income-conditional coefficients.
- Analyzing bilateral gravity predictions for private outflows using the reported R² values for old versus young demographic terciles.
- Testing instrument substitution and exchange rate regime interactions as mentioned in the robustness battery.
Strengths
- Covers 193 countries over a 45-year time span (1980-2024).
- Key finding includes specific statistical results: Z₁ = 75.8, p < 0.01; Z₁ × log GDP/cap = -2.96, p < 0.01.
- Reports a clear quantitative effect: reserve shares fall from 45.5% in the youngest demographic quintile to 12.9% in the oldest.
Limitations
- Column-level documentation is absent; field semantics must be inferred after download.
- Row count is unknown, which may limit suitability assessment.
Provenance
- Source
- Brian Peters, Demographics and Global Capital Allocation.
- Collection Method
- Replication package for an academic paper; likely contains constructed panel data.
- Time Range
- 1980-2024
- Freshness
- Last updated 2026-05-08 14:38:19; freshness should be verified.
- Geography
- 193 countries