Showing 1 - 10 of 274
wealth-consumption ratio implies that the average US household has a lot of wealth, most of it human wealth. A variance …"To measure the wealth-consumption ratio, we estimate an exponentially affine model of the stochastic discount factor … US consumption. Our estimates indicate that total wealth is much safer than stock market wealth. The consumption risk …
Persistent link: https://www.econbiz.de/10003689909
Persistent link: https://www.econbiz.de/10000656569
Persistent link: https://www.econbiz.de/10010396236
Persistent link: https://www.econbiz.de/10001577267
Persistent link: https://www.econbiz.de/10003981326
Persistent link: https://www.econbiz.de/10009679642
Persistent link: https://www.econbiz.de/10000827066
Persistent link: https://www.econbiz.de/10012028264
Persistent link: https://www.econbiz.de/10003976209
"The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. Despite its importance for the analysis of life-cycle behavior, stock ownership by households is poorly understood. Among other...
Persistent link: https://www.econbiz.de/10008702253