Luxury goods and the equity premium
By: Yacine Aït-Sahalia, Jonathan A. Parker, Motohiro Yogo.
Contributors: Parker, Jonathan A.; Yogo, Motohiro.; National Bureau of Economic Research.
Series: NBER working paper series -- no. 8417; Working paper series (National Bureau of Economic Research) -- working paper no. 8417.
Publisher: National Bureau of Economic Research
Published: 2001
Place of publication: Cambridge, MA
Language: eng
Number of pages: 45
Subjects: Luxuries -- United States.; Consumption (Economics) -- United States.; Equity premium -- United States.; Risk aversion.; Saving and investment -- United States.
Notes: "August 2001."

JEL no. G12, E21, D12.

Includes bibliographical references (p. 26-27).

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Electronic version available via the Internet at the NBER World Wide Web site.