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Volumn 1, Issue 1, 2004, Pages 24-34

Limited stock market participation and the equity premium

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Indexed keywords


EID: 3242739486     PISSN: 15446123     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.frl.2003.11.001     Document Type: Article
Times cited : (35)

References (16)
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    • Basak, S.1    Cuoco, D.2
  • 3
    • 0003621882 scopus 로고    scopus 로고
    • Asset pricing in a neoclassical model with limited participation
    • Working paper. Finance Department, Stern School, NYU
    • Dai, Q., 2001. Asset pricing in a neoclassical model with limited participation. Working paper. Finance Department, Stern School, NYU
    • (2001)
    • Dai, Q.1
  • 4
    • 0011831880 scopus 로고    scopus 로고
    • Using financial assets to hedge labor income risk: Estimating the benefits
    • Manuscript, Department of Economics, Princeton University, Princeton, NJ
    • Davis, S.J., Willen, P., 1998. Using financial assets to hedge labor income risk: Estimating the benefits. Manuscript, Department of Economics, Princeton University, Princeton, NJ
    • (1998)
    • Davis, S.J.1    Willen, P.2
  • 5
    • 0001417501 scopus 로고    scopus 로고
    • The importance of the number of different agents in a heterogeneous asset-pricing model
    • Den Haan W.J. The importance of the number of different agents in a heterogeneous asset-pricing model Journal of Economic Dynamics and Control 25 2001 721-746
    • (2001) Journal of Economic Dynamics and Control , vol.25 , pp. 721-746
    • Den Haan, W.J.1
  • 6
    • 84886167971 scopus 로고    scopus 로고
    • Optimal life-cycle asset allocation: Understanding the empirical evidence
    • Manuscript, Department of Economics, London School of Economics, London, UK
    • Gomes, F., Michaelides, A., 2003. Optimal life-cycle asset allocation: Understanding the empirical evidence. Manuscript, Department of Economics, London School of Economics, London, UK
    • (2003)
    • Gomes, F.1    Michaelides, A.2
  • 7
    • 3242713131 scopus 로고    scopus 로고
    • A parsimonious macroeconomic model for asset pricing: Habit formation or cross-sectional heterogeneity
    • Manuscript, Department of Economics, University of Rochester, Rochester, NY
    • Guvenen, F.M., 2003. A parsimonious macroeconomic model for asset pricing: Habit formation or cross-sectional heterogeneity. Manuscript, Department of Economics, University of Rochester, Rochester, NY
    • (2003)
    • Guvenen, F.M.1
  • 8
    • 4243088649 scopus 로고    scopus 로고
    • Evaluating the effects of incomplete markets on risk sharing and asset pricing
    • Heaton J. Lucas D.J. Evaluating the effects of incomplete markets on risk sharing and asset pricing Journal of Political Economy 104 1996 443-487
    • (1996) Journal of Political Economy , vol.104 , pp. 443-487
    • Heaton, J.1    Lucas, D.J.2
  • 9
    • 0003161434 scopus 로고    scopus 로고
    • Stock prices and fundamentals
    • NBER Macroeconomics Annual
    • Heaton J. Lucas D.J. Stock prices and fundamentals NBER Macroeconomics Annual 1999
    • (1999)
    • Heaton, J.1    Lucas, D.J.2
  • 10
    • 0001378029 scopus 로고
    • Asset pricing with undiversifiable income risk and short sales constraints: Deepening the equity premium puzzle
    • Lucas D.J. Asset pricing with undiversifiable income risk and short sales constraints: deepening the equity premium puzzle Journal of Monetary Economics 34 1994 325-341
    • (1994) Journal of Monetary Economics , vol.34 , pp. 325-341
    • Lucas, D.J.1
  • 14
    • 0003411619 scopus 로고
    • Limited market participation and asset pricing
    • Manuscript, Department of Economics, University of British Columbia, Vancouver, Canada
    • Saito, M., 1995. Limited market participation and asset pricing. Manuscript, Department of Economics, University of British Columbia, Vancouver, Canada
    • (1995)
    • Saito, M.1
  • 15
    • 3242728519 scopus 로고    scopus 로고
    • Comment on "Stock Prices and Fundamentals" by John Heaton and Deborah Lucas
    • NBER Macroeconomics Annual
    • Vissing-Jørgensen A. Comment on "Stock Prices and Fundamentals" by John Heaton and Deborah Lucas NBER Macroeconomics Annual 1999
    • (1999)
    • Vissing-Jørgensen, A.1
  • 16
    • 3242677008 scopus 로고    scopus 로고
    • Limited stock market participation and the equity premium puzzle
    • Manuscript, Department of Economics, University of Chicago, Chicago, IL
    • Vissing-Jørgensen, A., 1999b. Limited stock market participation and the equity premium puzzle. Manuscript, Department of Economics, University of Chicago, Chicago, IL
    • (1999)
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