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Equity Premium Puzzle

- A Review

Bag om Equity Premium Puzzle

Reviews the literature on this phenomenon from the original papers by Mehra and Prescott to the present. The author shows that the equity premium - the return earned by a broad market index in excess of that earned by a relatively risk-free security - is not a premium for bearing non-diversifiable risk.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9781601980649
  • Indbinding:
  • Paperback
  • Sideantal:
  • 96
  • Udgivet:
  • 27. September 2007
  • Størrelse:
  • 234x156x5 mm.
  • Vægt:
  • 148 g.
  • 2-3 uger.
  • 9. Oktober 2024

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Beskrivelse af Equity Premium Puzzle

Reviews the literature on this phenomenon from the original papers by Mehra and Prescott to the present. The author shows that the equity premium - the return earned by a broad market index in excess of that earned by a relatively risk-free security - is not a premium for bearing non-diversifiable risk.

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