NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Risk Based Explanations of the Equity Premium

John Donaldson, Rajnish Mehra

NBER Working Paper No. 13220
Issued in July 2007

---- Acknowledgements -----

We are grateful to Francisco Azeredo, Nick Barberis, Ravi Bansal, Francisco Gomes, George Constantinides, Vito Gala, Alok Khare and Edward Prescott for their comments on earlier drafts of this chapter. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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