TY - BOOK ID - 133801007 TI - The Rate of Return on Everything, 1870-2015 AU - Jordà, Òscar. AU - Knoll, Katharina. AU - Kuvshinov, Dmitry. AU - Schularick, Moritz. AU - Taylor, Alan M. AU - National Bureau of Economic Research. PY - 2017 PB - Cambridge, Mass. National Bureau of Economic Research DB - UniCat KW - Personal Income, Wealth, and Their Distributions KW - General KW - Financial Markets and the Macroeconomy KW - Asset Pricing • Trading Volume • Bond Interest Rates KW - General, International, or Comparative UR - https://www.unicat.be/uniCat?func=search&query=sysid:133801007 AB - 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 comprehensive dataset for all major asset classes, including housing. The annual data on total returns for equity, housing, bonds, and bills cover 16 advanced economies from 1870 to 2015, and our new evidence reveals many new findings and puzzles. ER -