Davis, Steven J.; Willen, Paul - 2013 - This version: August 2002, last compiled October 24, 2013
asset returns and an investor's labor income. Our graphical approach easily handles income shocks that are partly hedgeable …-level components of individual income innovations estimated from repeated cross sections of the Current Population Survey. We … returns, and returns on several other assets. Aggregate equity returns are uncorrelated with the occupation-level income …
