The Distributional Effects of Asset Returns
收藏NBER2024-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32182
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资源简介：
We study the distributional effects of asset returns using a heterogeneous-agent model estimated to match the joint distribution of wealth and returns. In the model, endogenous portfolio decisions play a key role through their impact on households' wealth accumulation. We find substantial welfare
提供机构：
美国国家经济研究局
创建时间：
2024-03-01
