Essays on Household Finance and Asset Pricing

Essays on Household Finance and Asset Pricing

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This dissertation contains two essays to examine the impact of heterogeneous households' investment and consumption decisions on asset returns.These results suggest that although housing investment crowds out stock investment, mortgage loans can be used as a financing channel to support stock investment. The ratio of labor income to total income has a positive impact on stockanbsp;...


Title:Essays on Household Finance and Asset Pricing
Author: Yaxuan Qi
Publisher:ProQuest - 2007
ISBN-13:

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