Equilibrium Asset Prices With Undiversifiable Labor Income Risk
收藏NBER1992-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3975
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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
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美国国家经济研究局创建时间：
1992-01-01
