Heterogeneity and Asset Prices: A Different Approach
收藏NBER2020-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26607
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资源简介：
We develop a tractable asset-pricing framework characterized by imperfect risk sharing among cohorts, who experience different levels of integrated life-time endowments. While all asset-pricing implications stem from the heterogeneity of consumption among investors, cross-sectional measures of
提供机构：
美国国家经济研究局
创建时间：
2020-01-01
