Handbook of the Equity Risk Premium

Rajnish Mehra (UCSB), Introduction.<br>1. Rajnish Mehra (UCSB)and Edward C. Prescott (Arizona State), The Equity Premium: ABCs.<br>2. John B. Donaldson (Columbia) and Rajnish Mehra (UCSB), Risk Based Explanations of the Equity Premium.<br>3. Rajnish Mehra (UCSB)and Edward C. Prescott (Arizona State), Non-Risk Based Explanations of the Equity Premium.<br>4. Andy Abel (Wharton), Equity Premia with Benchmark Levels of Consumption: Closed-Form Results.<br>5. Ravi Bansal (Duke), Long Run Risks and Risk Compensation in Equity Markets.<br>6. Nick Barberis (Yale) and Ming Huang (Cornell), The Loss Aversion/Narrow Framing Approach to the Stock Market Pricing and Participation Puzzles.<br>7. John Cochrane (Chicago), Financial Markets and the Real Economy.<br>8. George Constantinides (Chicago), Understanding the Equity Risk Premium Puzzle.<br>9. Gurdip Bakshi (Maryland) and Zhiwu Chen (Yale), Cash Flow Risk and the Equity Premium Puzzle.<br>10. Jean-Pierre Danthine (Lausanne), John Donaldson (Columbia) and Paolo Siconolfi (Columbia), Distribution Risk and Equity Returns.<br>11. Elroy Dimson (LBS), Paul Marsh (LBS) and Mike Staunton (LBS), The Worldwide Equity Premium: A Smaller Puzzle.<br>12. William Goetzmann (Yale) and Roger Ibbotson (Yale), History and the Equity Risk Premium.<br>13. John Heaton (Chicago) and Debbie Lucas (Northwestern), Can Heterogeneity, Undiversifiable Risk, and Trading Frictions Explain the Equity Premium?<br>14. Kjetil Storesletten (U Oslo), Chris Telmer (CMU) and Amir Yaron (Wharton), Asset Prices and Intergenerational Risk Sharing: the Role of Idiosyncratic Earnings Shocks.