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The cited Poterba paper, where the elasticities used in this paper come from, was forecasting huge increases in dividends post-2004. They didn’t ever really happen, at least if you believe this: https://t.co/31jj7eEWUG
The cited Poterba paper, where the elasticities used in this paper come from, was forecasting huge increases in dividends post-2004. They didn’t ever really happen, at least if you believe this: https://t.co/31jj7eEWUG