Information, Impact, Ignorance, Illegality, Investing, and Inequality

Bruce Knuteson

Papers from arXiv.org

Abstract: We note a simple mechanism that may at least partially resolve several outstanding economic puzzles, including why the cyclically adjusted price to earnings ratio of the S&P 500 index has been oddly high for the past two decades, why gains to capital have outpaced gains to wages, and the persistence of the equity premium.

Date: 2016-10, Revised 2018-02
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1612.06855

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