Steve Randy Waldman
@interfluidity.com
How the Wealth Was Won: Factor Shares as Market Fundamentals | Journal of Political Economy: Vol 133, No 4
Link Preview: How the Wealth Was Won: Factor Shares as Market Fundamentals | Journal of Political Economy: Vol 133, No 4: Why does the stock market rise and fall? From 1989 to 2017, the real per capita value of corporate equity increased at a 7.2% annual rate. We estimate that 40% of this increase was attributable to a r...
