Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence
收藏NBER1999-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7406
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资源简介：
The Euler equations of consumption are tested on the household consumption of non-durables and services, reconstructed from the CEX database. The estimated relative risk aversion coefficient of the representative household decreases, and the estimated unexplained mean equity premium decreases, as
提供机构：
美国国家经济研究局
创建时间：
1999-10-01
