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:	Shareholders Error rates Estimation bias Treasury bills Standard deviation Euler equations Food consumption Stock shares Coefficients Point estimators Economics Business & Economics Social Sciences Financial management Analysis United States LIFE-CYCLE SUBSTITUTION TEMPORAL BEHAVIOR EQUITY PREMIUM MODELS PUZZLE RETURNS RISK-AVERSION
Online Access:	Fulltext
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2002 Web of Knowledge Web of Science CrossRef Academic OneFile (A&I only) Database information Databases - DBIS