Construct · 1 fields · 1 citations

consumption-wealth ratio: a standalone construct

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Financial economics

the deviation of consumption from its shared trend with asset wealth and labor income, which forecasts future stock returns.

In financial economics, consumption-wealth ratio refers to the deviation of consumption from its shared trend with asset wealth and labor income, which forecasts future stock returns. This meaning comes from Lettau (2001) in The Journal of Finance.[1]

Unit
Recovery means
Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructs consumption3 fields · 5 citationsjingle · one word, three constructs deviation4 fields · 5 citationsjingle · one word, four constructs

References

Lettau, M., & Ludvigson, S. (2001). Consumption, Aggregate Wealth, and Expected Stock Returns. The Journal of Finance, 56(3), 815-849. https://doi.org/10.1111/0022-1082.00347

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