The Consumption of Stockholders and Non-Stockholders
收藏NBER1990-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3402
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资源简介：
Only one-fourth of U.S. families own stock. This paper examines whether the consumption of stockholders differs from the consumption of non-stockholders and whether these differences help explain the empirical failures of the consumption-based CAPM. Household panel data are used to construct time
提供机构：
美国国家经济研究局
创建时间：
1990-07-01
