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Yooung, Old, Conservative and Bold: The implications of finite lives and heterogeneity for asset prices

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  • Stavros Panageas

    (University of Pennsylvania (Wharton))

  • Nicolae Garleanu

    (UC Berkeley (Haas))

Abstract

and Cochrane (1999), and is therefore successful at addressing a number of stylized facts about asset prices.

Suggested Citation

  • Stavros Panageas & Nicolae Garleanu, 2008. "Yooung, Old, Conservative and Bold: The implications of finite lives and heterogeneity for asset prices," 2008 Meeting Papers 409, Society for Economic Dynamics.
    • Handle: RePEc:red:sed008:409
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    References listed on IDEAS

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    Cited by:

    1. Sylvain, Serginio, 2014. "Does Human Capital Risk Explain The Value Premium Puzzle?," MPRA Paper 54551, University Library of Munich, Germany.
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    3. Jessica A. Wachter & Motohiro Yogo, 2010. "Why Do Household Portfolio Shares Rise in Wealth?," The Review of Financial Studies, Society for Financial Studies, vol. 23(11), pages 3929-3965, November.
    4. Paul Beaudry & Amartya Lahiri, 2009. "Risk Allocation, Debt Fueled Expansion and Financial Crisis," NBER Working Papers 15110, National Bureau of Economic Research, Inc.

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