{"id":3042,"date":"2018-01-08T19:06:24","date_gmt":"2018-01-08T15:36:24","guid":{"rendered":"http:\/\/www.dabirimehr.ir\/?p=3042"},"modified":"2018-01-08T19:06:24","modified_gmt":"2018-01-08T15:36:24","slug":"the-rate-of-return-on-everything","status":"publish","type":"post","link":"https:\/\/www.dabirimehr.ir\/?p=3042","title":{"rendered":"The Rate of Return on Everything"},"content":{"rendered":"<p style=\"text-align: center;\">This paper answers fundamental questions that have preoccupied modern economic<br \/>\nthought since the 18th century. What is the aggregate real rate of return in the economy?<br \/>\nIs it higher than the growth rate of the economy and, if so, by how much? Is there a<br \/>\ntendency for returns to fall in the long-run? Which particular assets have the highest<br \/>\nlong-run returns? We answer these questions on the basis of a new and comprehensive<br \/>\ndataset for all major asset classes, including\u2014for the first time\u2014total returns to the<br \/>\nlargest, but oft ignored, component of household wealth, housing. The annual data on<br \/>\ntotal returns for equity, housing, bonds, and bills cover 16 advanced economies from<br \/>\n\u06f1\u06f8\u06f7\u06f0 to 2015, and our new evidence reveals many new insights and puzzles.<br \/>\nKeywords: return on capital, interest rates, yields, dividends, rents, capital gains, risk<\/p>\n<p style=\"text-align: center;\">premiums, household wealth, housing markets.<\/p>\n<p><a href=\"http:\/\/www.dabirimehr.ir\/wp-content\/uploads\/2018\/01\/The-Rate-of-Return-of-Everything.pdf\">The Rate of Return of Everything<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular &hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[396],"tags":[928,594,929,41,147],"class_list":["post-3042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-slider-highlights","tag-928","tag-594","tag-929","tag-41","tag-147"],"views":1320,"_links":{"self":[{"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=\/wp\/v2\/posts\/3042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3042"}],"version-history":[{"count":1,"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=\/wp\/v2\/posts\/3042\/revisions"}],"predecessor-version":[{"id":3044,"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=\/wp\/v2\/posts\/3042\/revisions\/3044"}],"wp:attachment":[{"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dabirimehr.ir\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}