Li, Bin; Liu, Benjamin; Roca, Eduardo - In: Australian Journal of Management 36 (2011) 2, pp. 247-266
variables used are Lettau and Ludvigson’s (2001a, b) consumption–wealth ratio, Campbell and Cochrane’s (1999) surplus … consumption ratio and Santos and Veronesi’s (2006) labour income to consumption ratio. We examine the cross …