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- Binding:
- Paperback
- Pages:
- 96
- Published:
- September 26, 2007
- Dimensions:
- 234x156x5 mm.
- Weight:
- 148 g.
Delivery:
1-2 weeks
Expected delivery: November 28, 2024
Description of 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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