Aggregate public corporate security issues forecast excess returns on stocks, government bonds and corporate bonds. A high ratio of aggregate short term to aggregate long term debt issues and a low ratio of aggregate equity to aggregate debt issues forecasts high excess returns at frequencies...

Personal happiness might not solely depend on the individual's level of wealth but also on the individual's level of sincere social capital. This paper argues that if sincere interpersonal communication is sensitive to economic status disparities, the accumulation of personal wealth beyond the...