Browsing PERC Publications by Author "Kim, Young-Min"
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Jansen, Dennis W.; Kim, Sei-Wan; Kim, Young-Min; Lu, Yanxin (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2022-07-05)In this paper, the authors investigate how the old generation income structure affects aggregate equity purchases, using Flows of Funds Accounts and Survey of Consumer Finances. Results suggest that the risk aversion that ...