Essays in Financial Economics
This dissertation presents three essays. The first essay finds that the household risky ratio, the ratio of high risk assets over low risk assets directly owned by households, is a strong negative predictor of the equity premium on the US stock market. The predictability is robust to definition of...
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Language: | en_US |
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Harvard University
2014
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Online Access: | http://dissertations.umi.com/gsas.harvard:11327 http://nrs.harvard.edu/urn-3:HUL.InstRepos:12274634 |