Equilibrium Asset Prices With Undiversifiable Labor Income Risk
收藏数据链接：
官方服务：
资源简介：
In a two-period Lucas tree economy in which ex ante identical, but ex post dissimilar, agents face undiversifiable labor income risk, calibrating a (wrong) representative agent model results in overstating the equilibrium riskfree rate and in understanding the equilibrium equity premium if the
提供机构：
美国国家经济研究局创建时间：
1992-01-01
