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Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle

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inferred← citeshttps://doi.org/10.2139/ssrn.125470openalex-extracted
Index Funds and Stock Market Growth
inferred← citeshttps://doi.org/10.2139/ssrn.190988openalex-extracted
Portfolio Choice and Liquidity Constraints
inferred← citeshttps://doi.org/10.2139/ssrn.259511openalex-extracted
Equity Culture and Household Behavior
inferred← citeshttps://doi.org/10.2139/ssrn.276589openalex-extracted
Do Demographic Changes Affect Risk Premiums? Evidence from International Data
inferred← citeshttps://doi.org/10.2139/ssrn.288131openalex-extracted
Investment Frictions, Aggregate Fluctuations, and Asset Pricing
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Paying for Pensions an International Comparison of Administrative Charges in Funded Retirement-Income Systems
inferred← citeshttps://doi.org/10.2139/ssrn.473426openalex-extracted
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Price and Volume Effects of Changes in MSCI Indices - Nature and Causes
inferred← citeshttps://doi.org/10.1007/978-1-4757-3613-7_10openalex-snapshot
Borrowing Constraints, Portfolio Choice, and Precautionary Motives
inferred← citeshttps://doi.org/10.1007/978-3-030-91231-4_58openalex-snapshot
Equity Premium Puzzle: The Distributional Approach
inferred← citeshttps://doi.org/10.1016/b978-075065384-8.50019-0openalex-snapshot
Bibliography
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Price and volume effects of changes in MSCI indices – nature and causes
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Stochastic taxation and asset pricing in dynamic general equilibrium
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What drives equity market non-participation?
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Equity premium and consumption sensitivity when the consumer–investor allows for unfavorable circumstances
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Stock price volatility and equity premium
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WELFARE GAINS FROM STABILIZATION IN A STOCHASTICALLY GROWING ECONOMY WITH IDIOSYNCRATIC SHOCKS AND FLEXIBLE LABOR SUPPLY
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On the volatility of stock prices: an exercise in quantitative theory
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Individual labour income, stock prices and whom it may concern
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Index Funds and Stock Market Growth*
inferred← citeshttps://doi.org/10.1093/oep/54.4.719openalex-snapshot
Equity culture and household behavior
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Optimal Portfolio Choice and the Valuation of Illiquid Securities
inferred← citeshttps://doi.org/10.1093/rfs/hhg003openalex-snapshot
Dynamic Equilibrium with Liquidity Constraints
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Optimal Portfolio Choice for Long‐Horizon Investors with Nontradable Labor Income
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Endogenous Debt Constraints in Lifecycle Economies
inferred← citeshttps://doi.org/10.1111/1468-0297.00589openalex-snapshot
Non‐Expected Utility, Saving and Portfolios
inferred← citeshttps://doi.org/10.1111/1468-0335.d01-44openalex-snapshot
Public Investment and the Risk Premium for Equity
inferred← citeshttps://doi.org/10.1111/1540-6261.00423openalex-snapshot
Portfolio Choice in the Presence of Personal Illiquid Projects
inferred← citeshttps://doi.org/10.1111/j.1467-9957.2006.00522.xopenalex-snapshot
EXPLAINING THE EQUITY RISK PREMIUM*
inferred← citeshttps://doi.org/10.1111/j.1540-6261.2004.00697.xopenalex-snapshot
Idiosyncratic Consumption Risk and the Cross Section of Asset Returns
inferred← citeshttps://doi.org/10.1111/j.1541-1338.2006.00214.xopenalex-snapshot
Social Security Privatization and Market Risk
inferred← citeshttps://doi.org/10.1177/0486613406290898openalex-snapshot
Gambling with Retirement: Market Risk Implications for Social Security Privatization
inferred← citeshttps://doi.org/10.1177/103530460401500101openalex-snapshot
Looking Back on Microeconomic Reform: A Sceptical Viewpoint
inferred← citeshttps://doi.org/10.1257/00028280260344641openalex-snapshot
The Risk Premium for Equity: Implications for the Proposed Diversification of the Social Security Fund
inferred← citeshttps://doi.org/10.1257/aer.91.1.99openalex-snapshot
Who Should Buy Long-Term Bonds?
inferred← citeshttps://doi.org/10.1353/eca.2004.0010openalex-snapshot
Demography and the Long-Run Predictability of the Stock Market
inferred← citeshttps://doi.org/10.1787/351382456457openalex-snapshot
Neutral or Fair?
inferred← citeshttps://doi.org/10.1787/717846424625openalex-snapshot
Individual Choice in Social Protection
inferred← citeshttps://doi.org/10.1787/9783926181978-deopenalex-snapshot
Renten auf einen Blick 2005
inferred← citeshttps://doi.org/10.1787/9789264034457-koopenalex-snapshot
Pensions at a Glance
inferred← citeshttps://doi.org/10.1787/9789264063419-koopenalex-snapshot
OECD Pensions at a Glance 2007
inferred← citeshttps://doi.org/10.1787/9789264189805-enopenalex-snapshot
Private Pensions Systems
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-10-enopenalex-snapshot
Annex I.1. Differences between Defined-benefit, Points and Notional-accounts
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-11-enopenalex-snapshot
Annex I.2. Sensitivity Analyses
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-13-enopenalex-snapshot
Country Studies: Introduction
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-14-enopenalex-snapshot
Australia
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-17-enopenalex-snapshot
Canada
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-19-enopenalex-snapshot
Denmark
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-2-enopenalex-snapshot
Executive Summary
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-20-enopenalex-snapshot
Finland
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-21-enopenalex-snapshot
France
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-22-enopenalex-snapshot
Germany
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-24-enopenalex-snapshot
Hungary
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-25-enopenalex-snapshot
Iceland
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-28-enopenalex-snapshot
Japan
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-29-enopenalex-snapshot
Korea
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-3-enopenalex-snapshot
Pension-system Typology
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-30-enopenalex-snapshot
Luxembourg
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-32-enopenalex-snapshot
Netherlands
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-33-enopenalex-snapshot
New Zealand
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-35-enopenalex-snapshot
Poland
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-36-enopenalex-snapshot
Portugal
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-37-enopenalex-snapshot
Slovak Republic
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-38-enopenalex-snapshot
Spain
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-39-enopenalex-snapshot
Sweden
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-4-enopenalex-snapshot
Comparing Pension-system Parameters
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-41-enopenalex-snapshot
Turkey
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-42-enopenalex-snapshot
United Kingdom
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-44-enopenalex-snapshot
Voluntary, Occupational Pensions
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-47-enopenalex-snapshot
Voluntary, Occupational Pensions: United Kingdom
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-5-enopenalex-snapshot
Modelling Pension Entitlements
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-6-enopenalex-snapshot
Replacement Rates
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-7-enopenalex-snapshot
Relative Pension Levels
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-8-enopenalex-snapshot
Pension Wealth
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-9-enopenalex-snapshot
Key Indicators
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-csopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Czech)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-deopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in German)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-enopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in English)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-esopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Spanish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-fiopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Finnish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-isopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Icelandic)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-itopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Italian)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-nlopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Dutch)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-noopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Norwegian)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-svopenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Swedish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2005-sum-tropenalex-snapshot
OECD Pensions at a Glance 2005 (Summary in Turkish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-10-enopenalex-snapshot
Czech Republic
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-11-enopenalex-snapshot
Denmark
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-11-fropenalex-snapshot
Danemark
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-12-enopenalex-snapshot
Finland
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-12-fropenalex-snapshot
Finlande
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-13-fropenalex-snapshot
France
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-15-fropenalex-snapshot
Grèce
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-16-enopenalex-snapshot
Hungary
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-16-fropenalex-snapshot
Hongrie
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-17-enopenalex-snapshot
Iceland
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-17-fropenalex-snapshot
Islande
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-18-enopenalex-snapshot
Ireland
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-19-enopenalex-snapshot
Italy
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-19-fropenalex-snapshot
Italie
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-2-enopenalex-snapshot
Editorial and Executive Summary
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-2-fropenalex-snapshot
Éditorial - La réforme des retraites : une entreprise inachevée
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-20-fropenalex-snapshot
Japon
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-21-enopenalex-snapshot
Korea
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-21-fropenalex-snapshot
Corée
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-22-enopenalex-snapshot
Luxembourg
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-22-fropenalex-snapshot
Luxembourg
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-23-enopenalex-snapshot
Mexico
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-23-fropenalex-snapshot
Mexique
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-24-fropenalex-snapshot
Pays-Bas
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-26-enopenalex-snapshot
Norway
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-27-enopenalex-snapshot
Poland
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-27-fropenalex-snapshot
Pologne
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-28-enopenalex-snapshot
Portugal
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-28-fropenalex-snapshot
Portugal
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-3-fropenalex-snapshot
Partie I - Comparaison des politiques des pays de l'OCDE en matière de pension
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-31-enopenalex-snapshot
Sweden
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-31-fropenalex-snapshot
Suède
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-32-enopenalex-snapshot
Switzerland
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-32-fropenalex-snapshot
Suisse
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-33-enopenalex-snapshot
Turkey
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-34-fropenalex-snapshot
Royaume-Uni
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-35-enopenalex-snapshot
United States
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-35-fropenalex-snapshot
États-Unis
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-4-enopenalex-snapshot
Pension Reforms and Private Pensions
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-5-fropenalex-snapshot
Partie III - Études par pays
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-6-enopenalex-snapshot
Australia
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-6-fropenalex-snapshot
Australie
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-7-enopenalex-snapshot
Austria
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-8-fropenalex-snapshot
Belgique
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-9-enopenalex-snapshot
Canada
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-csopenalex-snapshot
Pensions at a Glance 2007 (Summary in Czech)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-elopenalex-snapshot
Pensions at a Glance 2007 (Summary in Greek)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-esopenalex-snapshot
Pensions at a Glance 2007 (Summary in Spanish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-fiopenalex-snapshot
Pensions at a Glance 2007 (Summary in Finnish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-jaopenalex-snapshot
Pensions at a Glance 2007 (Summary in Japanese)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-nlopenalex-snapshot
Pensions at a Glance 2007 (Summary in Dutch)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-noopenalex-snapshot
Pensions at a Glance 2007 (Summary in Norwegian)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-plopenalex-snapshot
Pensions at a Glance 2007 (Summary in Polish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-ptopenalex-snapshot
Pensions at a Glance 2007 (Summary in Portuguese)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-skopenalex-snapshot
Pensions at a Glance 2007 (Summary in Slovak)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-svopenalex-snapshot
Pensions at a Glance 2007 (Summary in Swedish)
inferred← citeshttps://doi.org/10.1787/pension_glance-2007-sum-zhopenalex-snapshot
Pensions at a Glance 2007 (Summary in Chinese)
inferred← citeshttps://doi.org/10.20955/r.83.37-48openalex-snapshot
A Simple Model of Limited Stock Market Participation
inferred← citeshttps://doi.org/10.22459/an.2024.05openalex-snapshot
Looking back on micro‑economic reform: a sceptical viewpoint
inferred← citeshttps://doi.org/10.3386/w7033openalex-snapshot
Index Funds and Stock Market Growth
inferred← citeshttps://doi.org/10.3386/w9512openalex-snapshot
The Equity Premium: Why is it a Puzzle?
inferred← citeshttps://doi.org/10.3386/w9677openalex-snapshot
Do Demographic Changes Affect Risk Premiums? Evidence from International Data
inferred← citeshttps://doi.org/10.3790/schm.120.3.311openalex-snapshot
Administrative charges for funded pensions: Measurement concepts and international comparison and assessment
inferred← citeshttps://doi.org/10.7208/chicago/9780226092560.003.0004openalex-snapshot
The Effect of Pay-When-Needed Benefit Guarantees on the Impact of Social Security Privatization
inferred← citeshttps://doi.org/10.7275/1282871openalex-snapshot
The Interplay between Labor and Financial Markets: What are the Implications for Defined Contribution Accounts?
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