Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle

The equity premium: A puzzle

1985 • 5,686 citations

Asset Prices in an Exchange Economy

1978 • 5,134 citations

Myopic Loss Aversion and the Equity Premium Puzzle

1995 • 2,350 citations

Habit Formation: A Resolution of the Equity Premium Puzzle

1990 • 2,223 citations

Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models

1982 • 1,846 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis

1991 • 1,765 citations

Consumption and Portfolio Choice over the Life Cycle

2005 • 1,465 citations

The equity premium puzzle and the risk-free rate puzzle

1989 • 1,394 citations

The equity risk premium a solution

1988 • 1,322 citations

Asset Pricing with Heterogeneous Consumers

1996 • 1,248 citations

The consumption of stockholders and nonstockholders

1991 • 1,223 citations

Labor supply flexibility and portfolio choice in a life cycle model

1992 • 1,143 citations

Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk

2000 • 1,107 citations

Why do so Few Hold Stocks?

1995 • 1,060 citations

The Equity Premium: It's Still a Puzzle

1995 • 608 citations

The equity premium and the concentration of aggregate shocks

1986 • 453 citations

An Equilibrium Model with Restricted Stock Market Participation

1998 • 444 citations

MARKET FRICTIONS, SAVINGS BEHAVIOR, AND PORTFOLIO CHOICE

1997 • 413 citations

Habit persistence and durability in aggregate consumption

1991 • 350 citations

Asset returns with transactions costs and uninsured individual risk

1991 • 342 citations

Why Should Older People Invest Less in Stocks Than Younger People?

1996 • 334 citations

Asset‐pricing Puzzles and Incomplete Markets

1993 • 333 citations

Asset Pricing in Economies with Frictions

1996 • 323 citations

Asset pricing with undiversifiable income risk and short sales constraints

1994 • 286 citations

A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles

1996 • 272 citations

Market Frictions and Consumption-Based Asset Pricing

1995 • 246 citations

Precautionary portfolio behavior from a life-cycle perspective

1997 • 195 citations

Asset Pricing with Idiosyncratic Risk and Overlapping Generations

2000 • 165 citations

Recursive Competitive Equilibrium: The Case of Homogeneous Households

1980 • 155 citations

Existence of competitive equilibrium in a general overlapping-generations model

1980 • 134 citations

The equity risk premium: A solution?

1988 • 129 citations

On the quantitative importance of market completeness

1994 • 124 citations

Asset Pricing Explorations for Macroeconomics

1992 • 111 citations

EQUITY-PREMIUM AND RISK-FREE-RATE PUZZLES AT LONG HORIZONS

1997 • 110 citations

Dynamic Equilibrium with Liquidity Constraints

2003 • 97 citations

Asset Pricing Explorations for Macroeconomics

1992 • 94 citations

Comparative Dynamics of an Equilibrium Intertemporal Asset Pricing Model

1984 • 70 citations

Dynamics of Income Distribution.

1987 • 64 citations

The equity premium and the allocation of income risk

1992 • 63 citations

The Dynamics of Income Distribution.

1986 • 56 citations

Asset Pricing Lessons for Modeling Business Cycles

1995 • 52 citations

On the Existence and Representation of Equilibrium in an Economy with Growth and Nonstationary Consumption

1988 • 44 citations

Stationary Equilibria with Incomplete Markets and Overlapping Generations

1992 • 27 citations

THOUGHTS ON VOLATILITY TESTS OF THE INTERTEMPORAL ASSET PRICING MODEL

1993 • 16 citations

Inequality in the Lifetime Earnings of Women

1982 • 15 citations

Asset Pricing when Risk Sharing is Limited by Default

1998 • 12 citations

Non-Expected Utility, Saving and Portfolios

1997 • 3 citations

Lipit, Jean Pierre

2011 • 1 citations