What is ‘War Babies’
A name given to securities in companies that are defense contractors. These securities are called war babies because they are viewed as securities of firms that produce the majority of their revenues from war-time circumstances, including firms that operate in security and defense sectors. Also known as “defense stocks.”
Explaining ‘War Babies’
An example of securities from firms that would be described as war babies are companies that build aircrafts and ammunition. When a war is imminent, these stocks tend to outperform the market because of the potential for increased business and national defense contracts and revenues.
Further Reading
- The changing face of debt and financial fragility at older ages – www.aeaweb.org [PDF]
- Older adult debt and financial frailty – papers.ssrn.com [PDF]
- Social and cultural constructions of ageing: the case of the baby boomers – journals.sagepub.com [PDF]
- Household financial planning and savings behavior – www.sciencedirect.com [PDF]
- The baby boom and World War II: A macroeconomic analysis – academic.oup.com [PDF]
- The shadow of the past: Financial risk taking and negative life events – www.sciencedirect.com [PDF]
- Subreplacement fertility in the West before the baby boom: Past and current perspectives – www.tandfonline.com [PDF]
- Effects of cohort size on earnings: The baby boom babies' financial bust – www.journals.uchicago.edu [PDF]
- Debt and financial vulnerability on the verge of retirement – onlinelibrary.wiley.com [PDF]
