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Habits and sentiment are key psychological behaviors in asset pricing. This paper studies the interactive impacts of sentiment and habits on asset pricing using the Campbell and Cochrane 1999 habit model as a framework model. A positive sentiment shock emanating from firms is modeled in the...
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leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for …
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This paper investigates the importance of status in household consumption and financial decisions using household data … evidence that a household's income rank — its position in the income distribution relative to its close neighbors — is … household's portfolio. More aggregate county-level evidence based on a dataset of every new car sold in each county in the …
Persistent link: https://www.econbiz.de/10012856688
This paper investigates the importance of status in household consumption and financial decisions using household data … evidence that a household's income rank — its position in the income distribution relative to its close neighbors — is … household's portfolio. More aggregate county-level evidence based on a dataset of every new car sold in each county in the …
Persistent link: https://www.econbiz.de/10013046477
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