摘要 | 第4-5页 |
Abstract | 第5页 |
Chapter Ⅱ:Introduction | 第6-14页 |
What's the equity premium look like? | 第6-11页 |
Why it is called the premium puzzle? | 第11-12页 |
Efforts by preceding economists | 第12-14页 |
Chapter Ⅱ My point of view | 第14-26页 |
Argument Ⅰ:The evidence of hump-shaped consumption | 第15-19页 |
Argument Ⅱ:Survive rate of life cycle which is consistent with the hump-shaped consumption pattern | 第19-20页 |
Argument Ⅲ:Construction of the estimation model | 第20-26页 |
Chapter Ⅲ Data description and processing | 第26-35页 |
Set Ⅰ:Macro data | 第26-29页 |
Set Ⅱ:Micro household consumption data-imputed household data of PSID from CEX: | 第29-35页 |
Chapter Ⅳ GMM Programming | 第35页 |
Chapter Ⅴ Conclusion | 第35-38页 |
Appendix A | 第38-40页 |
Appendix B | 第40-46页 |
References | 第46-48页 |
致谢 | 第48-50页 |