The Rate of Return on Everything, 1870–2015
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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 assets have the highest long-run returns? We answer these questions on the basis of a new and
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美国国家经济研究局创建时间：
2017-12-01
