Limited Stock Market Participation and the Equity Premium ∗

@inproceedings{Polkovnichenko2001LimitedSM,
  title={Limited Stock Market Participation and the Equity Premium ∗},
  author={Valery Polkovnichenko},
  year={2001}
}
  • Valery Polkovnichenko
  • Published 2001
Comments are welcome. Parts of this paper were circulated earlier under the title " Heterogeneous labor income and preferences: Implications for stock market participation. " I am indebted to John Heaton and Debbie Lucas for their help, guidance and inspiration. I also wish to thank Jack Kareken for the editorial assistance and David Chapman, Pietro Veronesi and seminar participants at numerous universities for valuable comments on an earlier version. I am responsible for all remaining errors… CONTINUE READING
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Limited stock market participation and the equity premium puzzle, manuscript, University of Chicago

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Limited market participation and asset pricing, manuscript, University of British Columbia

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