Choi, James J.; Laibson, David I.; Madrian, Brigitte C.; … - 2004
The Rodney L. White Center for Financial Research
Consumption-Wealth Comovement of the …-04
Consumption-Wealth Comovement of the Wrong Sign
by
James J. Choi
Harvard University
David Laibson
Harvard … Foundation.
Consumption-Wealth Comovement of the Wrong Sign
Abstract: Economic theory predicts that an unexpected …