Asset Holding and Consumption Volatility

We investigate the possibility that limited participation in asset markets, and the stock market in particular, might explain the lack of correspondence between the sample moments of the intertemporal marginal rate of substitution and asset returns in U.K. data. We estimate ownership probabilities t...

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Bibliographic details
Volume: 110
Main Author: Orazio P. Attanasio
James Banks
Sarah Tanner
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: CHICAGO The University of Chicago Press 01.08.2002
UNIV CHICAGO PRESS
University of Chicago Press
published in: The Journal of political economy Vol. 110; no. 4; pp. 771 - 792
Data of publication: 20020800
ISSN: 0022-3808
1537-534X
EISSN: 1537-534X
Alternate Title: Asset Holding
Discipline: Economics
Political Science
Subjects:
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2002
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