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We study asset-pricing implications of innovation in a general-equilibrium overlapping-generations economy. Innovation … capital of older workers. Due to the lack of inter-generational risk sharing, innovation creates a systematic risk factor …
Persistent link: https://www.econbiz.de/10013134275
We study asset-pricing implications of innovation in a general-equilibrium overlapping-generations economy. Innovation … capital of older workers. Due to the lack of inter-generational risk sharing, innovation creates a systematic risk factor …
Persistent link: https://www.econbiz.de/10013150434
We study asset-pricing implications of innovation in a general-equilibrium overlapping-generations economy. Innovation … capital of older workers. Due to the lack of inter-generational risk sharing, innovation creates a systematic risk factor …
Persistent link: https://www.econbiz.de/10012463192
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The aging of the baby boom generation has focused investor attention on the issue of how changing demographics will affect the economy generally and the stock market specifically. One commonly expressed view is that stock returns will be depressed as baby boomers liquidate their portfolios to...
Persistent link: https://www.econbiz.de/10013065995
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