id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fb494744h72	Linlin Liu	Essays on Asset Returns and Portfolio Allocation	1904		.txt	text/plain	332	13	38	The optimal portfolio weight on stock depends on the relative magnitude of the correlation between aggregate stock return and equity risk premium, and the correlation between aggregate stock return and labor income. With the risk factors constructed from the asset return data and macroeconomic data, the model is able to generate considerably small pricing errors for aggregate stock return and Treasury yields.	cache/fb494744h72.txt	txt/fb494744h72.txt