Motohiro Yogo

Princeton University - Department of Economics

Professor of Economics

Julis Romo Rabinowitz Building

Princeton, NJ 08544

United States

http://sites.google.com/site/motohiroyogo/

National Bureau of Economic Research

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

33

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Rank 834

SSRN RANKINGS

Top 834

in Total Papers Downloads

49,885

SSRN CITATIONS
Rank 119

SSRN RANKINGS

Top 119

in Total Papers Citations

3,411

CROSSREF CITATIONS

2,651

Ideas:
“  Asset pricing, Insurance, Household Finance  ”

Scholarly Papers (33)

1.
Downloads 6,600 ( 1,975)
Citation 246

A Demand System Approach to Asset Pricing

Journal of Political Economy, Vol. 127, No. 4, 2019
Number of pages: 62 Posted: 14 Dec 2014 Last Revised: 21 Jun 2019
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 6,457 (2,027)
Citation 46

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Asset pricing model, Demand system, Institutional investors, Liquidity, Portfolio choice

A Demand System Approach to Asset Pricing

NBER Working Paper No. w21749
Number of pages: 63 Posted: 23 Nov 2015 Last Revised: 05 Jun 2023
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 143 (347,914)
Citation 26

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Which Investors Matter for Equity Valuations and Expected Returns?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-92, NYU Stern School of Business
Number of pages: 75 Posted: 28 Jun 2019 Last Revised: 31 Aug 2023
Ralph S. J. Koijen, Robert Richmond and Motohiro Yogo
University of Chicago - Booth School of Business, New York University (NYU) - Department of Finance and Princeton University - Department of Economics
Downloads 5,319 (2,825)
Citation 4

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Asset demand system, Asset pricing, Climate risk, Passive investment management, Price informativeness

Which Investors Matter for Equity Valuations and Expected Returns?

NBER Working Paper No. w27402
Number of pages: 76 Posted: 22 Jun 2020 Last Revised: 17 May 2023
Ralph S. J. Koijen, Robert Richmond and Motohiro Yogo
University of Chicago - Booth School of Business, New York University (NYU) - Department of Finance and Princeton University - Department of Economics
Downloads 83 (514,395)
Citation 1

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Which Investors Matter for Equity Valuations and Expected Returns?

CEPR Discussion Paper No. DP14890
Number of pages: 56 Posted: 16 Jun 2020
Ralph S. J. Koijen, Robert Richmond and Motohiro Yogo
University of Chicago - Booth School of Business, New York University (NYU) - Department of Finance and Princeton University - Department of Economics
Downloads 2 (1,087,388)
Citation 9
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What Does Futures Market Interest Tell Us about the Macroeconomy and Asset Prices?

Journal of Financial Economics (JFE), Vol. 105, No. 3, 2012, AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 24 Jun 2012
Harrison G. Hong and Motohiro Yogo
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University - Department of Economics
Downloads 4,238 (4,146)
Citation 13

Abstract:

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Bonds, Business cycle, Commodities, Currencies, Futures market, Inflation

What Does Futures Market Interest Tell Us About the Macroeconomy and Asset Prices?

NBER Working Paper No. w16712
Number of pages: 47 Posted: 24 Jan 2011 Last Revised: 02 Mar 2023
Harrison G. Hong and Motohiro Yogo
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University - Department of Economics
Downloads 129 (377,213)
Citation 53

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4.
Downloads 3,686 ( 5,348)
Citation 33

Shadow Insurance

Econometrica, Vol. 84, No. 3, 2016, Swiss Finance Institute Research Paper No. 14-64
Number of pages: 50 Posted: 06 Sep 2013 Last Revised: 19 May 2016
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 3,595 (5,462)
Citation 7

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Capital regulation, Demand estimation, Life insurance industry, Regulatory arbitrage, Reinsurance

Shadow Insurance

NBER Working Paper No. w19568
Number of pages: 51 Posted: 25 Oct 2013 Last Revised: 21 Jun 2023
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 91 (485,331)
Citation 30

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5.
Downloads 3,377 ( 6,193)
Citation 870

Testing for Weak Instruments in Linear IV Regression

IDENTIFICATION AND INFERENCE FOR ECONOMETRIC MODELS: ESSAYS IN HONOR OF THOMAS ROTHENBERG, 2005
Number of pages: 48 Posted: 07 Jan 2011 Last Revised: 31 Jul 2013
James H. Stock and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 2,987 (7,379)
Citation 76

Abstract:

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Testing for Weak Instruments in Linear IV Regression

NBER Working Paper No. t0284
Number of pages: 73 Posted: 02 Apr 2003 Last Revised: 13 Apr 2023
James H. Stock and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 390 (131,359)
Citation 373

Abstract:

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Exchange Rates and Asset Prices in a Global Demand System

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-91
Number of pages: 53 Posted: 18 Jun 2019 Last Revised: 02 Jun 2020
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 2,396 (10,386)
Citation 2

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Asset demand system, Asset pricing, Foreign exchange reserves, Monetary policy, Portfolio choice

Exchange Rates and Asset Prices in a Global Demand System

NBER Working Paper No. w27342
Number of pages: 54 Posted: 09 Jun 2020 Last Revised: 18 Mar 2023
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 58 (628,861)

Abstract:

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Exchange Rates and Asset Prices in a Global Demand System

CEPR Discussion Paper No. DP14874
Number of pages: 56 Posted: 16 Jun 2020
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 0
Citation 11
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Inspecting the Mechanism of Quantitative Easing in the Euro Area

Journal of Financial Economics (JFE), Vol. 140, No. 1, 2021, University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-100, Banque de France Working Paper No. 601
Number of pages: 46 Posted: 09 Sep 2016 Last Revised: 06 Mar 2021
University of Chicago - Booth School of Business, University of Luxembourg, Banque de France and Princeton University - Department of Economics
Downloads 2,350 (10,736)
Citation 27

Abstract:

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Portfolio Rebalancing, Quantitative Easing, Risk Concentration, Unconventional monetary policy

Inspecting the Mechanism of Quantitative Easing in the Euro Area

NBER Working Paper No. w26152
Number of pages: 47 Posted: 20 Aug 2019 Last Revised: 17 Jun 2023
University of Chicago - Booth School of Business, University of Luxembourg, Banque de France and Princeton University - Department of Economics
Downloads 40 (742,273)

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Inspecting the Mechanism of Quantitative Easing in the Euro Area

CEPR Discussion Paper No. DP13906
Number of pages: 48 Posted: 20 Aug 2019
University of Chicago - Booth School of Business, University of Luxembourg, Banque de France and Princeton University - Department of Economics
Downloads 0
Citation 41
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8.

Asset Demand of U.S. Households

Number of pages: 46 Posted: 20 Oct 2022 Last Revised: 03 Jul 2023
Harvard University - Department of Economics, University of Chicago - Booth School of Business, University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 2,190 (12,259)

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9.
Downloads 2,097 (13,132)
Citation 239

Efficient Tests of Stock Return Predictability

Journal of Financial Economics (JFE), Vol. 81, No. 1, 2006
Number of pages: 56 Posted: 23 Oct 2002 Last Revised: 17 Jun 2009
John Y. Campbell and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 1,886 (15,278)
Citation 29

Abstract:

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Bonferroni test, Dividend yield, Predictability, Stock returns, Unit root

Efficient Tests of Stock Return Predictability

NBER Working Paper No. w10026
Number of pages: 57 Posted: 14 Oct 2003 Last Revised: 25 Nov 2022
John Y. Campbell and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 211 (247,576)
Citation 36

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10.
Downloads 2,022 (13,921)
Citation 38

The Fragility of Market Risk Insurance

Journal of Finance, Vol. 77, No. 2, 2022, Becker Friedman Institute for Research in Economics Working Paper No. 2018-9
Number of pages: 60 Posted: 24 May 2017 Last Revised: 11 Mar 2022
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 1,957 (14,411)
Citation 8

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COVID-19 crisis, Global financial crisis, Life insurance industry, Minimum return guarantees, Risk-based capital regulation, Variable annuity

The Fragility of Market Risk Insurance

NBER Working Paper No. w24182
Number of pages: 61 Posted: 09 Jan 2018 Last Revised: 05 Feb 2023
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 65 (592,688)
Citation 34

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The Fragility of Market Risk Insurance

CEPR Discussion Paper No. DP12560
Number of pages: 47 Posted: 08 Jan 2018
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
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11.

Asset Embeddings

Number of pages: 41 Posted: 20 Jul 2023 Last Revised: 17 Sep 2023
Xavier Gabaix, Ralph S. J. Koijen and Motohiro Yogo
Harvard University - Department of Economics, University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 1,862 (15,898)

Abstract:

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Asset embeddings, transformer models, artificial intelligence, machine learning

12.
Downloads 1,768 (17,195)
Citation 99

The Cost of Financial Frictions for Life Insurers

American Economic Review, Vol. 105, No. 1, 2015, Chicago Booth Research Paper No. 12-30, Fama-Miller Working Paper
Number of pages: 42 Posted: 31 Mar 2012 Last Revised: 13 Nov 2014
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 1,707 (17,823)
Citation 11

Abstract:

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Annuities, Capital regulation, Financial crisis, Leverage, Life insurance

The Cost of Financial Frictions for Life Insurers

NBER Working Paper No. w18321
Number of pages: 43 Posted: 18 Aug 2012 Last Revised: 24 Jul 2023
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 61 (612,680)
Citation 66

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Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

Journal of Monetary Economics, Vol. 80, 2016, Boston College Center for Retirement Research Working Paper No. 2009-3, AFA 2009 San Francisco Meetings Paper
Number of pages: 40 Posted: 06 Mar 2008 Last Revised: 19 May 2016
Motohiro Yogo
Princeton University - Department of Economics
Downloads 1,137 (32,762)
Citation 7

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Aging, Asset allocation, Life-cycle model, Medical expenditure, Saving

Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

NBER Working Paper No. w15307
Number of pages: 41 Posted: 08 Sep 2009 Last Revised: 30 Apr 2023
Motohiro Yogo
Princeton University - Department of Economics
Downloads 60 (617,859)
Citation 18

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Risk of Life Insurers: Recent Trends and Transmission Mechanisms

The Economics, Regulation, and Systemic Risk of Insurance Markets, 2017
Number of pages: 30 Posted: 21 Sep 2015 Last Revised: 15 Jan 2017
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 1,023 (38,051)
Citation 1

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Derivatives, Reinsurance, Securities lending, Shadow insurance, Systemic risk, Variable annuities

Risk of Life Insurers: Recent Trends and Transmission Mechanisms

NBER Working Paper No. w23365
Number of pages: 31 Posted: 01 May 2017 Last Revised: 06 May 2023
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 94 (475,138)
Citation 5

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Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

Journal of Finance, Vol. 71, No. 2, 2016, Netspar Discussion Paper No. 05/2011-050, Chicago Booth Research Paper No. 11-34, Fama-Miller Working Paper, NYU Working Paper No. FIN-11-055
Number of pages: 63 Posted: 10 May 2011 Last Revised: 24 Dec 2015
University of Chicago - Booth School of Business, Columbia University Graduate School of Business and Princeton University - Department of Economics
Downloads 990 (39,870)
Citation 4

Abstract:

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Annuities, Health insurance, Life-cycle model, Life insurance, Portfolio choice

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

NBER Working Paper No. w17325
Number of pages: 64 Posted: 29 Aug 2011 Last Revised: 05 Feb 2023
University of Chicago - Booth School of Business, Columbia University Graduate School of Business and Princeton University - Department of Economics
Downloads 46 (700,527)
Citation 19

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16.
Downloads 918 (44,945)
Citation 24

A Note on Liquidity Risk Management

American Economic Review, Vol. 99, No. 2, 2009
Number of pages: 13 Posted: 19 Jan 2009 Last Revised: 17 Jun 2009
Markus K. Brunnermeier and Motohiro Yogo
Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 814 (52,255)
Citation 3

Abstract:

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Funding liquidity, Hedging, Maturity structure, Risk management

A Note on Liquidity Risk Management

NBER Working Paper No. w14727
Number of pages: 14 Posted: 17 Feb 2009 Last Revised: 29 Sep 2022
Markus K. Brunnermeier and Motohiro Yogo
Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 104 (443,110)
Citation 1

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Understanding the Ownership Structure of Corporate Bonds

American Economic Review: Insights, Vol. 5, No. 1, 2023
Number of pages: 24 Posted: 28 Feb 2022 Last Revised: 25 Apr 2023
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 858 (48,599)
Citation 4

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Corporate bond market, Institutional investors, Insurance sector, Intermediary asset pricing, Leverage constraint

18.

Financial Inclusion Across the United States

Number of pages: 42 Posted: 06 Dec 2021 Last Revised: 25 Apr 2023
Motohiro Yogo, Andrew Whitten and Natalie Cox
Princeton University - Department of Economics, U.S. Department of the Treasury - Office of Tax Analysis (OTA) and Princeton University - Department of Economics
Downloads 828 (51,827)
Citation 2

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Financial participation, Household finance, Inequality, Racial disparities, Tax policy

19.

Measuring Business Cycles: A Wavelet Analysis of Economic Time Series

Economics Letters, Vol. 100, No. 2, 2008
Number of pages: 11 Posted: 16 Apr 2008 Last Revised: 07 Jan 2011
Motohiro Yogo
Princeton University - Department of Economics
Downloads 811 (53,256)

Abstract:

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Band-pass filter, Business cycle, Linear filter, Trend, Wavelets

20.
Downloads 763 (57,838)
Citation 81

Durability of Output and Expected Stock Returns

Journal of Political Economy, Vol. 117, No. 5, 2009, AFA 2008 New Orleans Meetings Paper
Number of pages: 63 Posted: 20 Mar 2007 Last Revised: 01 Nov 2009
Joao F. Gomes, Leonid Kogan and Motohiro Yogo
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 684 (65,827)

Abstract:

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Cash flow, Durable goods, Factor-mimicking portfolio, Input-output accounts, Stock returns

Durability of Output and Expected Stock Returns

NBER Working Paper No. w12986
Number of pages: 65 Posted: 23 Mar 2007 Last Revised: 26 Dec 2022
Joao F. Gomes, Leonid Kogan and Motohiro Yogo
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 79 (530,196)
Citation 11

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21.
Downloads 754 (58,830)
Citation 64

Luxury Goods and the Equity Premium

Journal of Finance, Vol. 59, No. 6, 2004
Number of pages: 60 Posted: 19 May 2003 Last Revised: 17 Jun 2009
Princeton University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 616 (75,202)
Citation 45

Abstract:

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Asset pricing, Consumption, Equity premium puzzle, Portfolio choice

Luxury Goods and the Equity Premium

NBER Working Paper No. w8417
Number of pages: 47 Posted: 17 Oct 2005 Last Revised: 03 Jul 2022
Princeton University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 138 (359,988)

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22.
Downloads 608 (77,398)
Citation 88

Why Do Household Portfolio Shares Rise in Wealth?

Review of Financial Studies, Vol. 23, No. 11, 2010, AFA 2008 New Orleans Meetings Paper
Number of pages: 57 Posted: 16 Mar 2007 Last Revised: 13 Dec 2011
Jessica A. Wachter and Motohiro Yogo
University of Pennsylvania - Finance Department and Princeton University - Department of Economics
Downloads 561 (84,636)
Citation 10

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Decreasing relative risk aversion, Engel curves, Life-cycle model, Nonhomothetic utility, Portfolio choice

Why Do Household Portfolio Shares Rise in Wealth?

NBER Working Paper No. w16316
Number of pages: 58 Posted: 30 Aug 2010 Last Revised: 30 Jan 2023
Jessica A. Wachter and Motohiro Yogo
University of Pennsylvania - Finance Department and Princeton University - Department of Economics
Downloads 47 (694,003)
Citation 42

Abstract:

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Does Firm Value Move Too Much to Be Justified By Subsequent Changes in Cash Flow?

Journal of Financial Economics (JFE), Vol. 87, No. 1, 2008
Number of pages: 55 Posted: 04 Mar 2006 Last Revised: 17 Jun 2009
Borja Larrain and Motohiro Yogo
Pontificia Universidad Catolica de Chile and Princeton University - Department of Economics
Downloads 503 (96,948)

Abstract:

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Asset valuation, Excess volatility, Payout policy, Valuation ratio

Does Firm Value Move Too Much to Be Justified by Subsequent Changes in Cash Flow?

NBER Working Paper No. w12847
Number of pages: 56 Posted: 20 Jan 2007 Last Revised: 10 Aug 2022
Borja Larrain and Motohiro Yogo
Pontificia Universidad Catolica de Chile and Princeton University - Department of Economics
Downloads 76 (542,770)
Citation 12

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Does School Quality Matter? Returns to Education and the Characteristics of Schools in South Africa

Number of pages: 43 Posted: 30 Nov 1999
Anne Case and Motohiro Yogo
Princeton University - Research Program in Development Studies and Princeton University - Department of Economics
Downloads 260 (202,865)
Citation 2

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Does School Quality Matter? Returns to Education and the Characteristics of Schools in South Africa

NBER Working Paper No. w7399
Number of pages: 48 Posted: 16 Aug 2000 Last Revised: 21 Sep 2022
Anne Case and Motohiro Yogo
Princeton University - Research Program in Development Studies and Princeton University - Department of Economics
Downloads 131 (372,763)
Citation 1

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25.

Asset Prices Under Habit Formation and Reference-Dependent Preferences

Journal of Business and Economic Statistics, Vol. 26, No. 2, 2008
Number of pages: 43 Posted: 16 Apr 2006 Last Revised: 17 Jun 2009
Motohiro Yogo
Princeton University - Department of Economics
Downloads 296 (177,900)
Citation 7

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Asset pricing, Consumption, Equity premium, Habit formation, Loss aversion

26.

Leverage Dynamics and Credit Quality

Journal of Economic Theory, Vol. 183, 2019
Number of pages: 40 Posted: 08 May 2013 Last Revised: 19 Jun 2019
University of Pennsylvania - Department of Economics, Universidad de los Andes, Colombia and Princeton University - Department of Economics
Downloads 249 (211,840)
Citation 6

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Adverse Selection, Collateral, Credit Score, Reputation, Signaling

27.

A Consumption-Based Explanation of Expected Stock Returns

Journal of Finance, Vol. 61, No. 2, 2006
Number of pages: 65 Posted: 18 Jan 2009 Last Revised: 12 Mar 2014
Motohiro Yogo
Princeton University - Department of Economics
Downloads 247 (213,534)
Citation 30

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28.

Asymptotic Distributions of Instrumental Variables Statistics with Many Instruments

IDENTIFICATION AND INFERENCE FOR ECONOMETRIC MODELS: ESSAYS IN HONOR OF THOMAS ROTHENBERG, Ch. 6, 2005
Number of pages: 23 Posted: 05 Jan 2011 Last Revised: 31 Jul 2013
James H. Stock and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 241 (218,733)
Citation 3

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29.

A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments

Journal of Business and Economic Statistics, Vol. 20, No. 4, 2002
Number of pages: 52 Posted: 09 Jan 2011
James H. Stock, Jonathan H. Wright and Motohiro Yogo
Harvard University - Department of Economics, Johns Hopkins University - Department of Economics and Princeton University - Department of Economics
Downloads 240 (219,620)
Citation 270

Abstract:

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Instrument relevance, Instrumental variables, Similar tests

The Evolution from Life Insurance to Financial Engineering

Geneva Risk and Insurance Review, Vol. 46, 2021, University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-85
Number of pages: 26 Posted: 26 Jul 2021 Last Revised: 14 Sep 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 184 (280,392)
Citation 1

Abstract:

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COVID-19 crisis, Global financial crisis, Life insurance industry, Minimum return guarantee, Variable annuity

31.

Estimating the Elasticity of Intertemporal Substitution When Instruments Are Weak

Review of Economics and Statistics, Vol. 86, No. 3, 2004
Number of pages: 38 Posted: 18 Jan 2009 Last Revised: 12 Mar 2014
Motohiro Yogo
Princeton University - Department of Economics
Downloads 152 (330,623)
Citation 24

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32.

Asymptotic Properties of the Hahn-Hausman Test for Weak Instruments

Economics Letters, Vol. 89, No. 3, 2005
Number of pages: 15 Posted: 05 Jan 2011 Last Revised: 07 Jan 2011
Jerry A. Hausman, James H. Stock and Motohiro Yogo
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 118 (401,841)
Citation 6

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Weak identification, Instrumental variables, Pretest

Worker Betas: Five Facts About Systematic Earnings Risk

American Economic Review, Vol. 107, No. 5, 2017, FRB of Chicago Working Paper No. WP-2017-4
Number of pages: 38 Posted: 09 Mar 2017 Last Revised: 03 Feb 2022
Fatih Guvenen, Sam Schulhofer-Wohl and Motohiro Yogo
University of Minnesota - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Dallas and Princeton University - Department of Economics
Downloads 52 (663,161)
Citation 19

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Worker Betas: Five Facts About Systematic Earnings Risk

NBER Working Paper No. w23163
Number of pages: 33 Posted: 13 Feb 2017 Last Revised: 17 Apr 2022
University of Minnesota - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Dallas, U.S. Social Security Administration and Princeton University - Department of Economics
Downloads 29 (829,790)

Abstract:

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