https://www.rba.gov.au/speeches/2018/sp-gov-2018-08-08.html  11/18  8/8/2018  Demographic Change and Recent Monetary Policy | Speeches | RBA  Graph 11  A related development is the ongoing shift in economic activity towards service industries, which tend to be less physically demanding on the body. On average, labourers have one of the youngest retirement ages and managers and professionals have the oldest retirement ages (Graph 12).
Liquidity and Leverage. Journal of Financial Intermediation 19, 418–437. [13] CGFS (2009). The Role of Valuation and Leverage in Procyclicality, CGFS Papers No. 34. CGFS (2010). The  Role of Margin Requirements and Haircuts in Procyclicality. CGFS Papers No. 36. [14] Financial Stability Board. Regulatory Framework for Haircuts on Non-centrally Cleared Securities Financing  Transactions, November 2015.