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The spirit of capitalism and stock-market prices

Bakshi, Gurdip S. - In: The American economic review 86 (1996) 1, pp. 133-157

Persistent link: https://www.econbiz.de/10001201842

Risk and return on technology stocks and the aggregate stock market

Khatchatrian, Varoujan - 2004

Persistent link: https://www.econbiz.de/10003384712

Richer earnings dynamics, consumption and portfolio choice over the life cycle

Gálvez, Julio; Paz Pardo, Gonzalo - 2023

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...

Persistent link: https://www.econbiz.de/10014278693

Property of Stocks and Wealth Effects on Consumption

Sousa, Ricardo M. - 2005

determinant of private consumption is analyzed, namely, by the consideration of wealth effects. It is also analyzed the potential … wealth effects associated to direct property are about 3.5 times superior to those associated to indirect property. Short … in income and in wealth and that the adjustment to long-run component is very slow, which constitutes an indicator that …

Persistent link: https://www.econbiz.de/10014083118