The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street
收藏NBER2005-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11564
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资源简介：
We use a standard single-agent model to conduct a simple consumption growth accounting exercise. Consumption growth is driven by news about current and expected future returns on the market portfolio. The market portfolio includes financial and human wealth. We impute the residual of consumption
提供机构：
美国国家经济研究局
创建时间：
2005-08-01
