Gangopadhyay, Kausik; Nishimura, Atsushi; Pal, Rupayan - eSocialSciences - 2012
We examine the empirical phenomenon of co-movement of skill premium and share prices by appealing to the techniques of … cointegration. The US data (1984--2010) reveals that stock prices and skill premium are cointegrated indicating a long run … skill premium are found to be co-integrated in this panel data, too. We posit that the co-movement of skill premium and …