id	sid	tid	token	lemma	pos
fsr-3707	1	1	pii	pii	PROPN
fsr-3707	1	2	:	:	PUNCT
fsr-3707	1	3	1057	1057	NUM
fsr-3707	1	4	-	-	SYM
fsr-3707	1	5	0810(92)90016	0810(92)90016	NUM
fsr-3707	1	6	-	-	PUNCT
fsr-3707	1	7	6	6	NUM
fsr-3707	1	8	fl[nancial	fl[nancial	ADJ
fsr-3707	1	9	services	service	NOUN
fsr-3707	1	10	review	review	NOUN
fsr-3707	1	11	,	,	PUNCT
fsr-3707	1	12	2	2	NUM
fsr-3707	1	13	(	(	PUNCT
fsr-3707	1	14	1	1	NUM
fsr-3707	1	15	):	):	PUNCT
fsr-3707	1	16	63	63	NUM
fsr-3707	1	17	-	-	SYM
fsr-3707	1	18	71	71	NUM
fsr-3707	1	19	copyright	copyright	NOUN
fsr-3707	1	20	8	8	NUM
fsr-3707	1	21	1993	1993	NUM
fsr-3707	1	22	by	by	ADP
fsr-3707	1	23	jai	jai	PROPN
fsr-3707	1	24	press	press	PROPN
fsr-3707	1	25	inc	inc	PROPN
fsr-3707	1	26	.	.	PROPN
fsr-3707	1	27	issn	issn	PROPN
fsr-3707	1	28	:	:	PUNCT
fsr-3707	1	29	1~7	1~7	NUM
fsr-3707	1	30	-	-	NOUN
fsr-3707	1	31	0810	0810	NUM
fsr-3707	1	32	all	all	DET
fsr-3707	1	33	rights	right	NOUN
fsr-3707	1	34	of	of	ADP
fsr-3707	1	35	reproduction	reproduction	NOUN
fsr-3707	1	36	in	in	ADP
fsr-3707	1	37	any	any	DET
fsr-3707	1	38	form	form	NOUN
fsr-3707	1	39	resewed	resew	VERB
fsr-3707	1	40	abstracts	abstract	NOUN
fsr-3707	1	41	of	of	ADP
fsr-3707	1	42	articles	article	NOUN
fsr-3707	1	43	on	on	ADP
fsr-3707	1	44	individual	individual	ADJ
fsr-3707	1	45	financial	financial	ADJ
fsr-3707	1	46	management	management	NOUN
fsr-3707	1	47	edited	edit	VERB
fsr-3707	1	48	by	by	ADP
fsr-3707	1	49	phyllis	phyllis	PROPN
fsr-3707	1	50	schiller	schiller	PROPN
fsr-3707	1	51	myers	myers	PROPN
fsr-3707	1	52	virginia	virginia	PROPN
fsr-3707	1	53	commonwealth	commonwealth	PROPN
fsr-3707	1	54	university	university	PROPN
fsr-3707	1	55	charitable	charitable	ADJ
fsr-3707	1	56	giving	give	VERB
fsr-3707	1	57	voluntary	voluntary	ADJ
fsr-3707	1	58	cont	cont	NOUN
fsr-3707	1	59	~	~	PROPN
fsr-3707	1	60	butio~	butio~	NOUN
fsr-3707	1	61	to	to	ADP
fsr-3707	1	62	united	united	PROPN
fsr-3707	1	63	charities	charity	NOUN
fsr-3707	1	64	,	,	PUNCT
fsr-3707	1	65	by	by	ADP
fsr-3707	1	66	marc	marc	PROPN
fsr-3707	1	67	bilodeau	bilodeau	PROPN
fsr-3707	1	68	(	(	PUNCT
fsr-3707	1	69	dqartement	dqartement	NOUN
fsr-3707	1	70	d	d	NOUN
fsr-3707	1	71	’	'	PUNCT
fsr-3707	1	72	l?conomique	l?conomique	PROPN
fsr-3707	1	73	,	,	PUNCT
fsr-3707	1	74	universite	universite	PROPN
fsr-3707	1	75	de	de	PROPN
fsr-3707	1	76	sherbrooke	sherbrooke	PROPN
fsr-3707	1	77	,	,	PUNCT
fsr-3707	1	78	quebec	quebec	PROPN
fsr-3707	1	79	,	,	PUNCT
fsr-3707	1	80	canada	canada	PROPN
fsr-3707	1	81	)	)	PUNCT
fsr-3707	1	82	.	.	PUNCT
fsr-3707	2	1	if	if	SCONJ
fsr-3707	2	2	individuals	individual	NOUN
fsr-3707	2	3	are	be	AUX
fsr-3707	2	4	free	free	ADJ
fsr-3707	2	5	to	to	PART
fsr-3707	2	6	direct	direct	VERB
fsr-3707	2	7	their	their	PRON
fsr-3707	2	8	gifts	gift	NOUN
fsr-3707	2	9	to	to	ADP
fsr-3707	2	10	any	any	DET
fsr-3707	2	11	charity	charity	NOUN
fsr-3707	2	12	,	,	PUNCT
fsr-3707	2	13	why	why	SCONJ
fsr-3707	2	14	would	would	AUX
fsr-3707	2	15	they	they	PRON
fsr-3707	2	16	contribute	contribute	VERB
fsr-3707	2	17	instead	instead	ADV
fsr-3707	2	18	to	to	ADP
fsr-3707	2	19	an	an	DET
fsr-3707	2	20	institution	institution	NOUN
fsr-3707	2	21	like	like	ADP
fsr-3707	2	22	the	the	DET
fsr-3707	2	23	united	united	PROPN
fsr-3707	2	24	way	way	NOUN
fsr-3707	2	25	that	that	PRON
fsr-3707	2	26	may	may	AUX
fsr-3707	2	27	not	not	PART
fsr-3707	2	28	disburse	disburse	VERB
fsr-3707	2	29	their	their	PRON
fsr-3707	2	30	donations	donation	NOUN
fsr-3707	2	31	as	as	SCONJ
fsr-3707	2	32	they	they	PRON
fsr-3707	2	33	would	would	AUX
fsr-3707	2	34	have	have	VERB
fsr-3707	2	35	themselves	themselves	PRON
fsr-3707	2	36	?	?	PUNCT
fsr-3707	3	1	it	it	PRON
fsr-3707	3	2	is	be	AUX
fsr-3707	3	3	shown	show	VERB
fsr-3707	3	4	that	that	SCONJ
fsr-3707	3	5	‘	'	PUNCT
fsr-3707	3	6	contributing	contribute	VERB
fsr-3707	3	7	only	only	ADV
fsr-3707	3	8	to	to	ADP
fsr-3707	3	9	the	the	DET
fsr-3707	3	10	united	united	PROPN
fsr-3707	3	11	fund	fund	PROPN
fsr-3707	3	12	’	'	PUNCT
fsr-3707	3	13	can	can	AUX
fsr-3707	3	14	be	be	AUX
fsr-3707	3	15	a	a	DET
fsr-3707	3	16	subgame	subgame	NOUN
fsr-3707	3	17	perfect	perfect	ADJ
fsr-3707	3	18	equilibrium	equilibrium	NOUN
fsr-3707	3	19	,	,	PUNCT
fsr-3707	3	20	if	if	SCONJ
fsr-3707	3	21	the	the	DET
fsr-3707	3	22	fund	fund	NOUN
fsr-3707	3	23	plays	play	VERB
fsr-3707	3	24	after	after	ADP
fsr-3707	3	25	everyone	everyone	PRON
fsr-3707	3	26	else	else	ADV
fsr-3707	3	27	and	and	CCONJ
fsr-3707	3	28	is	be	AUX
fsr-3707	3	29	able	able	ADJ
fsr-3707	3	30	to	to	PART
fsr-3707	3	31	offset	offset	VERB
fsr-3707	3	32	direct	direct	ADJ
fsr-3707	3	33	con	con	NOUN
fsr-3707	3	34	~	~	SYM
fsr-3707	3	35	ibutions	ibution	NOUN
fsr-3707	3	36	.	.	PUNCT
fsr-3707	4	1	however	however	ADV
fsr-3707	4	2	,	,	PUNCT
fsr-3707	4	3	donations	donation	NOUN
fsr-3707	4	4	to	to	ADP
fsr-3707	4	5	a	a	DET
fsr-3707	4	6	united	united	PROPN
fsr-3707	4	7	fund	fund	NOUN
fsr-3707	4	8	may	may	AUX
fsr-3707	4	9	be	be	AUX
fsr-3707	4	10	lower	low	ADJ
fsr-3707	4	11	than	than	ADP
fsr-3707	4	12	direct	direct	ADJ
fsr-3707	4	13	con	con	NOUN
fsr-3707	4	14	~	~	NOUN
fsr-3707	4	15	butions	bution	NOUN
fsr-3707	4	16	would	would	AUX
fsr-3707	4	17	have	have	AUX
fsr-3707	4	18	been	be	AUX
fsr-3707	4	19	,	,	PUNCT
fsr-3707	4	20	so	so	SCONJ
fsr-3707	4	21	that	that	SCONJ
fsr-3707	4	22	an	an	DET
fsr-3707	4	23	optimal	optimal	ADJ
fsr-3707	4	24	grants	grant	NOUN
fsr-3707	4	25	policy	policy	NOUN
fsr-3707	4	26	for	for	ADP
fsr-3707	4	27	the	the	DET
fsr-3707	4	28	united	united	PROPN
fsr-3707	4	29	fund	fund	PROPN
fsr-3707	4	30	would	would	AUX
fsr-3707	4	31	involve	involve	VERB
fsr-3707	4	32	trading	trade	VERB
fsr-3707	4	33	off	off	ADP
fsr-3707	4	34	a	a	DET
fsr-3707	4	35	less	less	ADV
fsr-3707	4	36	desirable	desirable	ADJ
fsr-3707	4	37	mix	mix	NOUN
fsr-3707	4	38	of	of	ADP
fsr-3707	4	39	services	service	NOUN
fsr-3707	4	40	for	for	ADP
fsr-3707	4	41	higher	high	ADJ
fsr-3707	4	42	total	total	ADJ
fsr-3707	4	43	contributions	contribution	NOUN
fsr-3707	4	44	.	.	PUNCT
fsr-3707	5	1	jourrrui	jourrrui	PROPN
fsr-3707	5	2	of	of	ADP
fsr-3707	5	3	public	public	ADJ
fsr-3707	5	4	fiommics	fiommic	NOUN
fsr-3707	5	5	,	,	PUNCT
fsr-3707	5	6	june	june	PROPN
fsr-3707	5	7	1992	1992	NUM
fsr-3707	5	8	,	,	PUNCT
fsr-3707	5	9	48	48	NUM
fsr-3707	5	10	(	(	PUNCT
fsr-3707	5	11	1	1	NUM
fsr-3707	5	12	):	):	PUNCT
fsr-3707	5	13	199	199	NUM
fsr-3707	5	14	-	-	SYM
fsr-3707	5	15	233	233	NUM
fsr-3707	5	16	.	.	PUNCT
fsr-3707	6	1	(	(	PUNCT
fsr-3707	6	2	reprinted	reprint	VERB
fsr-3707	6	3	with	with	ADP
fsr-3707	6	4	permission	permission	NOUN
fsr-3707	6	5	of	of	ADP
fsr-3707	6	6	north	north	NOUN
fsr-3707	6	7	-	-	PUNCT
fsr-3707	6	8	holland	holland	PROPN
fsr-3707	6	9	publishing	publishing	PROPN
fsr-3707	6	10	company	company	NOUN
fsr-3707	6	11	)	)	PUNCT
fsr-3707	6	12	.	.	PUNCT
fsr-3707	7	1	consumption	consumption	NOUN
fsr-3707	7	2	-	-	PUNCT
fsr-3707	7	3	savings	saving	NOUN
fsr-3707	7	4	decision	decision	NOUN
fsr-3707	7	5	the	the	DET
fsr-3707	7	6	decline	decline	NOUN
fsr-3707	7	7	in	in	ADP
fsr-3707	7	8	saving	saving	NOUN
fsr-3707	7	9	:	:	PUNCT
fsr-3707	7	10	evidence	evidence	NOUN
fsr-3707	7	11	from	from	ADP
fsr-3707	7	12	household	household	NOUN
fsr-3707	7	13	surveys	survey	NOUN
fsr-3707	7	14	,	,	PUNCT
fsr-3707	7	15	by	by	ADP
fsr-3707	7	16	b.	b.	PROPN
fsr-3707	7	17	bosworth	bosworth	PROPN
fsr-3707	7	18	,	,	PUNCT
fsr-3707	7	19	g.	g.	PROPN
fsr-3707	7	20	burless	burless	PROPN
fsr-3707	7	21	and	and	CCONJ
fsr-3707	7	22	j.	j.	PROPN
fsr-3707	7	23	sabelhaus	sabelhaus	PROPN
fsr-3707	7	24	.	.	PUNCT
fsr-3707	8	1	using	use	VERB
fsr-3707	8	2	the	the	DET
fsr-3707	8	3	microeconomic	microeconomic	ADJ
fsr-3707	8	4	survey	survey	NOUN
fsr-3707	8	5	data	datum	NOUN
fsr-3707	8	6	covering	cover	VERB
fsr-3707	8	7	1962	1962	NUM
fsr-3707	8	8	-	-	SYM
fsr-3707	8	9	89	89	NUM
fsr-3707	8	10	,	,	PUNCT
fsr-3707	8	11	this	this	DET
fsr-3707	8	12	paper	paper	NOUN
fsr-3707	8	13	examines	examine	VERB
fsr-3707	8	14	the	the	DET
fsr-3707	8	15	recent	recent	ADJ
fsr-3707	8	16	decline	decline	NOUN
fsr-3707	8	17	of	of	ADP
fsr-3707	8	18	private	private	ADJ
fsr-3707	8	19	saving	saving	NOUN
fsr-3707	8	20	in	in	ADP
fsr-3707	8	21	three	three	NUM
fsr-3707	8	22	countries	country	NOUN
fsr-3707	8	23	the	the	DET
fsr-3707	8	24	united	united	PROPN
fsr-3707	8	25	states	states	PROPN
fsr-3707	8	26	,	,	PUNCT
fsr-3707	8	27	canada	canada	PROPN
fsr-3707	8	28	,	,	PUNCT
fsr-3707	8	29	and	and	CCONJ
fsr-3707	8	30	japan	japan	PROPN
fsr-3707	8	31	.	.	PUNCT
fsr-3707	9	1	there	there	PRON
fsr-3707	9	2	is	be	VERB
fsr-3707	9	3	no	no	DET
fsr-3707	9	4	evidence	evidence	NOUN
fsr-3707	9	5	that	that	SCONJ
fsr-3707	9	6	shifts	shift	NOUN
fsr-3707	9	7	in	in	ADP
fsr-3707	9	8	the	the	DET
fsr-3707	9	9	demographic	demographic	ADJ
fsr-3707	9	10	composition	composition	NOUN
fsr-3707	9	11	of	of	ADP
fsr-3707	9	12	the	the	DET
fsr-3707	9	13	population	population	NOUN
fsr-3707	9	14	between	between	ADP
fsr-3707	9	15	highand	highand	ADJ
fsr-3707	9	16	low	low	ADV
fsr-3707	9	17	-	-	PUNCT
fsr-3707	9	18	saving	save	VERB
fsr-3707	9	19	groups	group	NOUN
fsr-3707	9	20	has	have	AUX
fsr-3707	9	21	contributed	contribute	VERB
fsr-3707	9	22	to	to	ADP
fsr-3707	9	23	the	the	DET
fsr-3707	9	24	recent	recent	ADJ
fsr-3707	9	25	decline	decline	NOUN
fsr-3707	9	26	.	.	PUNCT
fsr-3707	10	1	the	the	DET
fsr-3707	10	2	most	most	ADV
fsr-3707	10	3	interesting	interesting	ADJ
fsr-3707	10	4	result	result	NOUN
fsr-3707	10	5	is	be	AUX
fsr-3707	10	6	that	that	SCONJ
fsr-3707	10	7	saving	saving	NOUN
fsr-3707	10	8	has	have	AUX
fsr-3707	10	9	fallen	fall	VERB
fsr-3707	10	10	within	within	ADP
fsr-3707	10	11	nearly	nearly	ADV
fsr-3707	10	12	all	all	PRON
fsr-3707	10	13	groups	group	NOUN
fsr-3707	10	14	examined	examine	VERB
fsr-3707	10	15	,	,	PUNCT
fsr-3707	10	16	although	although	SCONJ
fsr-3707	10	17	in	in	ADP
fsr-3707	10	18	the	the	DET
fsr-3707	10	19	united	united	PROPN
fsr-3707	10	20	states	states	PROPN
fsr-3707	10	21	it	it	PRON
fsr-3707	10	22	fell	fall	VERB
fsr-3707	10	23	most	most	ADV
fsr-3707	10	24	among	among	ADP
fsr-3707	10	25	those	those	PRON
fsr-3707	10	26	over	over	ADP
fsr-3707	10	27	forty	forty	NUM
fsr-3707	10	28	-	-	PUNCT
fsr-3707	10	29	five	five	NUM
fsr-3707	10	30	.	.	NOUN
fsr-3707	11	1	64	64	NUM
fsr-3707	11	2	financial	financial	ADJ
fsr-3707	11	3	services	service	NOUN
fsr-3707	11	4	review	review	NOUN
fsr-3707	11	5	,	,	PUNCT
fsr-3707	11	6	2(l	2(l	NUM
fsr-3707	11	7	)	)	PUNCT
fsr-3707	11	8	1992mw3	1992mw3	NUM
fsr-3707	11	9	nor	nor	CCONJ
fsr-3707	11	10	can	can	AUX
fsr-3707	11	11	capital	capital	NOUN
fsr-3707	11	12	gains	gain	NOUN
fsr-3707	11	13	explain	explain	VERB
fsr-3707	11	14	the	the	DET
fsr-3707	11	15	pattern	pattern	NOUN
fsr-3707	11	16	of	of	ADP
fsr-3707	11	17	saving	save	VERB
fsr-3707	11	18	decline	decline	NOUN
fsr-3707	11	19	.	.	PUNCT
fsr-3707	12	1	saving	save	VERB
fsr-3707	12	2	fell	fall	VERB
fsr-3707	12	3	among	among	ADP
fsr-3707	12	4	families	family	NOUN
fsr-3707	12	5	with	with	ADP
fsr-3707	12	6	limited	limited	ADJ
fsr-3707	12	7	assets	asset	NOUN
fsr-3707	12	8	as	as	ADV
fsr-3707	12	9	well	well	ADV
fsr-3707	12	10	as	as	ADP
fsr-3707	12	11	among	among	ADP
fsr-3707	12	12	households	household	NOUN
fsr-3707	12	13	enjoying	enjoy	VERB
fsr-3707	12	14	large	large	ADJ
fsr-3707	12	15	capital	capital	NOUN
fsr-3707	12	16	gains	gain	NOUN
fsr-3707	12	17	.	.	PUNCT
fsr-3707	13	1	brookings	brookings	PROPN
fsr-3707	13	2	papers	paper	NOUN
fsr-3707	13	3	on	on	ADP
fsr-3707	13	4	economic	economic	ADJ
fsr-3707	13	5	activity	activity	NOUN
fsr-3707	13	6	,	,	PUNCT
fsr-3707	13	7	1992	1992	NUM
fsr-3707	13	8	,	,	PUNCT
fsr-3707	13	9	no	no	INTJ
fsr-3707	13	10	.	.	NOUN
fsr-3707	13	11	1	1	NUM
fsr-3707	13	12	,	,	PUNCT
fsr-3707	13	13	pp	pp	ADJ
fsr-3707	13	14	.	.	PUNCT
fsr-3707	14	1	183	183	NUM
fsr-3707	14	2	-	-	SYM
fsr-3707	14	3	24	24	NUM
fsr-3707	14	4	1	1	NUM
fsr-3707	14	5	.	.	PUNCT
fsr-3707	15	1	(	(	PUNCT
fsr-3707	15	2	re	re	VERB
fsr-3707	15	3	printed	print	VERB
fsr-3707	15	4	with	with	ADP
fsr-3707	15	5	permission	permission	NOUN
fsr-3707	15	6	of	of	ADP
fsr-3707	15	7	the	the	DET
fsr-3707	15	8	journal	journal	NOUN
fsr-3707	15	9	of	of	ADP
fsr-3707	15	10	economic	economic	ADJ
fsr-3707	15	11	literature	literature	NOUN
fsr-3707	15	12	)	)	PUNCT
fsr-3707	15	13	.	.	PUNCT
fsr-3707	16	1	the	the	DET
fsr-3707	16	2	consumption	consumption	NOUN
fsr-3707	16	3	of	of	ADP
fsr-3707	16	4	stockholders	stockholder	NOUN
fsr-3707	16	5	and	and	CCONJ
fsr-3707	16	6	nonstockholders	nonstockholder	NOUN
fsr-3707	16	7	,	,	PUNCT
fsr-3707	16	8	by	by	ADP
fsr-3707	16	9	n.g	n.g	PROPN
fsr-3707	16	10	.	.	PROPN
fsr-3707	16	11	mankiw	mankiw	PROPN
fsr-3707	16	12	(	(	PUNCT
fsr-3707	16	13	harvard	harvard	PROPN
fsr-3707	16	14	university	university	PROPN
fsr-3707	16	15	)	)	PUNCT
fsr-3707	16	16	and	and	CCONJ
fsr-3707	16	17	s.p	s.p	PROPN
fsr-3707	16	18	.	.	PROPN
fsr-3707	16	19	zeldes	zeldes	PROPN
fsr-3707	16	20	(	(	PUNCT
fsr-3707	16	21	university	university	NOUN
fsr-3707	16	22	of	of	ADP
fsr-3707	16	23	pennsylvania	pennsylvania	PROPN
fsr-3707	16	24	)	)	PUNCT
fsr-3707	16	25	.	.	PUNCT
fsr-3707	17	1	only	only	ADV
fsr-3707	17	2	one	one	NUM
fsr-3707	17	3	-	-	PUNCT
fsr-3707	17	4	fourth	fourth	NOUN
fsr-3707	17	5	of	of	ADP
fsr-3707	17	6	u.s	u.s	PROPN
fsr-3707	17	7	.	.	PROPN
fsr-3707	17	8	families	family	NOUN
fsr-3707	17	9	own	own	VERB
fsr-3707	17	10	stock	stock	NOUN
fsr-3707	17	11	.	.	PUNCT
fsr-3707	18	1	this	this	DET
fsr-3707	18	2	paper	paper	NOUN
fsr-3707	18	3	examines	examine	VERB
fsr-3707	18	4	whether	whether	SCONJ
fsr-3707	18	5	the	the	DET
fsr-3707	18	6	consumption	consumption	NOUN
fsr-3707	18	7	of	of	ADP
fsr-3707	18	8	stockholders	stockholder	NOUN
fsr-3707	18	9	differs	differ	VERB
fsr-3707	18	10	from	from	ADP
fsr-3707	18	11	the	the	DET
fsr-3707	18	12	consumption	consumption	NOUN
fsr-3707	18	13	of	of	ADP
fsr-3707	18	14	nonstockholders	nonstockholder	NOUN
fsr-3707	18	15	and	and	CCONJ
fsr-3707	18	16	,	,	PUNCT
fsr-3707	18	17	if	if	SCONJ
fsr-3707	18	18	so	so	ADV
fsr-3707	18	19	,	,	PUNCT
fsr-3707	18	20	whether	whether	SCONJ
fsr-3707	18	21	these	these	DET
fsr-3707	18	22	differences	difference	NOUN
fsr-3707	18	23	help	help	VERB
fsr-3707	18	24	explain	explain	VERB
fsr-3707	18	25	the	the	DET
fsr-3707	18	26	empirical	empirical	ADJ
fsr-3707	18	27	failures	failure	NOUN
fsr-3707	18	28	of	of	ADP
fsr-3707	18	29	the	the	DET
fsr-3707	18	30	consump	consump	NOUN
fsr-3707	18	31	tion	tion	NOUN
fsr-3707	18	32	-	-	PUNCT
fsr-3707	18	33	based	base	VERB
fsr-3707	18	34	capm	capm	NOUN
fsr-3707	18	35	.	.	PUNCT
fsr-3707	19	1	household	household	NOUN
fsr-3707	19	2	panel	panel	NOUN
fsr-3707	19	3	data	datum	NOUN
fsr-3707	19	4	are	be	AUX
fsr-3707	19	5	used	use	VERB
fsr-3707	19	6	to	to	PART
fsr-3707	19	7	construct	construct	VERB
fsr-3707	19	8	time	time	NOUN
fsr-3707	19	9	series	series	NOUN
fsr-3707	19	10	on	on	ADP
fsr-3707	19	11	the	the	DET
fsr-3707	19	12	consumption	consumption	NOUN
fsr-3707	19	13	of	of	ADP
fsr-3707	19	14	each	each	DET
fsr-3707	19	15	group	group	NOUN
fsr-3707	19	16	.	.	PUNCT
fsr-3707	20	1	the	the	DET
fsr-3707	20	2	results	result	NOUN
fsr-3707	20	3	indicate	indicate	VERB
fsr-3707	20	4	that	that	SCONJ
fsr-3707	20	5	the	the	DET
fsr-3707	20	6	consumption	consumption	NOUN
fsr-3707	20	7	of	of	ADP
fsr-3707	20	8	stockhold	stockhold	ADJ
fsr-3707	20	9	ers	er	NOUN
fsr-3707	20	10	is	be	AUX
fsr-3707	20	11	more	more	ADV
fsr-3707	20	12	volatile	volatile	ADJ
fsr-3707	20	13	and	and	CCONJ
fsr-3707	20	14	more	more	ADV
fsr-3707	20	15	highly	highly	ADV
fsr-3707	20	16	correlated	correlate	VERB
fsr-3707	20	17	with	with	ADP
fsr-3707	20	18	the	the	DET
fsr-3707	20	19	excess	excess	ADJ
fsr-3707	20	20	return	return	NOUN
fsr-3707	20	21	on	on	ADP
fsr-3707	20	22	the	the	DET
fsr-3707	20	23	stock	stock	NOUN
fsr-3707	20	24	market	market	NOUN
fsr-3707	20	25	.	.	PUNCT
fsr-3707	21	1	these	these	DET
fsr-3707	21	2	differences	difference	NOUN
fsr-3707	21	3	help	help	VERB
fsr-3707	21	4	explain	explain	VERB
fsr-3707	21	5	the	the	DET
fsr-3707	21	6	size	size	NOUN
fsr-3707	21	7	of	of	ADP
fsr-3707	21	8	the	the	DET
fsr-3707	21	9	equity	equity	NOUN
fsr-3707	21	10	premium	premium	NOUN
fsr-3707	21	11	,	,	PUNCT
fsr-3707	21	12	although	although	SCONJ
fsr-3707	21	13	they	they	PRON
fsr-3707	21	14	do	do	AUX
fsr-3707	21	15	not	not	PART
fsr-3707	21	16	fully	fully	ADV
fsr-3707	21	17	resolve	resolve	VERB
fsr-3707	21	18	the	the	DET
fsr-3707	21	19	equity	equity	NOUN
fsr-3707	21	20	premium	premium	NOUN
fsr-3707	21	21	puzzle	puzzle	NOUN
fsr-3707	21	22	.	.	PUNCT
fsr-3707	22	1	journal	journal	NOUN
fsr-3707	22	2	of	of	ADP
fsr-3707	22	3	financial	financial	ADJ
fsr-3707	22	4	economics	economic	NOUN
fsr-3707	22	5	,	,	PUNCT
fsr-3707	22	6	march	march	PROPN
fsr-3707	22	7	1991	1991	NUM
fsr-3707	22	8	,	,	PUNCT
fsr-3707	22	9	17(l	17(l	NUM
fsr-3707	22	10	):	):	PUNCT
fsr-3707	22	11	97	97	NUM
fsr-3707	22	12	-	-	PUNCT
fsr-3707	22	13	l	l	NOUN
fsr-3707	22	14	12	12	NUM
fsr-3707	22	15	.	.	PUNCT
fsr-3707	23	1	(	(	PUNCT
fsr-3707	23	2	reprinted	reprint	VERB
fsr-3707	23	3	with	with	ADP
fsr-3707	23	4	permission	permission	NOUN
fsr-3707	23	5	of	of	ADP
fsr-3707	23	6	north	north	NOUN
fsr-3707	23	7	-	-	PUNCT
fsr-3707	23	8	holland	holland	NOUN
fsr-3707	23	9	publish	publish	VERB
fsr-3707	23	10	ing	ing	ADJ
fsr-3707	23	11	company	company	NOUN
fsr-3707	23	12	)	)	PUNCT
fsr-3707	23	13	.	.	PUNCT
fsr-3707	24	1	saving	saving	NOUN
fsr-3707	24	2	and	and	CCONJ
fsr-3707	24	3	liquidity	liquidity	NOUN
fsr-3707	24	4	constraints	constraint	NOUN
fsr-3707	24	5	,	,	PUNCT
fsr-3707	24	6	by	by	ADP
fsr-3707	24	7	a.	a.	PROPN
fsr-3707	24	8	deaton	deaton	PROPN
fsr-3707	24	9	.	.	PUNCT
fsr-3707	25	1	this	this	DET
fsr-3707	25	2	paper	paper	NOUN
fsr-3707	25	3	is	be	AUX
fsr-3707	25	4	concerned	concern	VERB
fsr-3707	25	5	with	with	ADP
fsr-3707	25	6	the	the	DET
fsr-3707	25	7	theory	theory	NOUN
fsr-3707	25	8	of	of	ADP
fsr-3707	25	9	saving	save	VERB
fsr-3707	25	10	when	when	SCONJ
fsr-3707	25	11	consumers	consumer	NOUN
fsr-3707	25	12	are	be	AUX
fsr-3707	25	13	not	not	PART
fsr-3707	25	14	permitted	permit	VERB
fsr-3707	25	15	to	to	PART
fsr-3707	25	16	borrow	borrow	VERB
fsr-3707	25	17	,	,	PUNCT
fsr-3707	25	18	and	and	CCONJ
fsr-3707	25	19	with	with	ADP
fsr-3707	25	20	the	the	DET
fsr-3707	25	21	ability	ability	NOUN
fsr-3707	25	22	of	of	ADP
fsr-3707	25	23	such	such	DET
fsr-3707	25	24	a	a	DET
fsr-3707	25	25	theory	theory	NOUN
fsr-3707	25	26	to	to	PART
fsr-3707	25	27	account	account	VERB
fsr-3707	25	28	for	for	ADP
fsr-3707	25	29	some	some	PRON
fsr-3707	25	30	of	of	ADP
fsr-3707	25	31	the	the	DET
fsr-3707	25	32	stylized	stylize	VERB
fsr-3707	25	33	facts	fact	NOUN
fsr-3707	25	34	of	of	ADP
fsr-3707	25	35	saving	save	VERB
fsr-3707	25	36	behavior	behavior	NOUN
fsr-3707	25	37	.	.	PUNCT
fsr-3707	26	1	the	the	DET
fsr-3707	26	2	models	model	NOUN
fsr-3707	26	3	presented	present	VERB
fsr-3707	26	4	in	in	ADP
fsr-3707	26	5	the	the	DET
fsr-3707	26	6	paper	paper	NOUN
fsr-3707	26	7	seem	seem	VERB
fsr-3707	26	8	to	to	PART
fsr-3707	26	9	account	account	VERB
fsr-3707	26	10	for	for	ADP
fsr-3707	26	11	important	important	ADJ
fsr-3707	26	12	aspects	aspect	NOUN
fsr-3707	26	13	of	of	ADP
fsr-3707	26	14	reality	reality	NOUN
fsr-3707	26	15	that	that	PRON
fsr-3707	26	16	are	be	AUX
fsr-3707	26	17	not	not	PART
fsr-3707	26	18	explained	explain	VERB
fsr-3707	26	19	by	by	ADP
fsr-3707	26	20	traditional	traditional	ADJ
fsr-3707	26	21	life	life	NOUN
fsr-3707	26	22	-	-	PUNCT
fsr-3707	26	23	cycle	cycle	NOUN
fsr-3707	26	24	models	model	NOUN
fsr-3707	26	25	.	.	PUNCT
fsr-3707	27	1	econometrica	econometrica	PROPN
fsr-3707	27	2	,	,	PUNCT
fsr-3707	27	3	september	september	PROPN
fsr-3707	27	4	1991	1991	NUM
fsr-3707	27	5	,	,	PUNCT
fsr-3707	27	6	59(5	59(5	NUM
fsr-3707	27	7	):	):	PUNCT
fsr-3707	27	8	1221	1221	NUM
fsr-3707	27	9	-	-	SYM
fsr-3707	27	10	1248	1248	NUM
fsr-3707	27	11	.	.	PUNCT
fsr-3707	28	1	(	(	PUNCT
fsr-3707	28	2	reprinted	reprint	VERB
fsr-3707	28	3	with	with	ADP
fsr-3707	28	4	per	per	ADP
fsr-3707	28	5	mission	mission	NOUN
fsr-3707	28	6	of	of	ADP
fsr-3707	28	7	the	the	DET
fsr-3707	28	8	journal	journal	NOUN
fsr-3707	28	9	of	of	ADP
fsr-3707	28	10	economic	economic	ADJ
fsr-3707	28	11	literature	literature	NOUN
fsr-3707	28	12	)	)	PUNCT
fsr-3707	28	13	.	.	PUNCT
fsr-3707	29	1	do	do	AUX
fsr-3707	29	2	individuals	individual	NOUN
fsr-3707	29	3	optimize	optimize	VERB
fsr-3707	29	4	in	in	ADP
fsr-3707	29	5	intertemporal	intertemporal	ADJ
fsr-3707	29	6	consumption	consumption	NOUN
fsr-3707	29	7	/	/	SYM
fsr-3707	29	8	savings	saving	NOUN
fsr-3707	29	9	decisions	decision	NOUN
fsr-3707	29	10	?	?	PUNCT
fsr-3707	30	1	a	a	DET
fsr-3707	30	2	liberal	liberal	ADJ
fsr-3707	30	3	method	method	NOUN
fsr-3707	30	4	to	to	PART
fsr-3707	30	5	encourage	encourage	VERB
fsr-3707	30	6	savings	saving	NOUN
fsr-3707	30	7	,	,	PUNCT
fsr-3707	30	8	by	by	ADP
fsr-3707	30	9	y	y	PROPN
fsr-3707	30	10	.k	.k	PROPN
fsr-3707	30	11	.	.	PUNCT
fsr-3707	31	1	ng	ng	PROPN
fsr-3707	31	2	.	.	PUNCT
fsr-3707	31	3	rational	rational	ADJ
fsr-3707	31	4	consumption	consumption	NOUN
fsr-3707	31	5	/	/	SYM
fsr-3707	31	6	saving	save	VERB
fsr-3707	31	7	choice	choice	NOUN
fsr-3707	31	8	requires	require	VERB
fsr-3707	31	9	rough	rough	ADJ
fsr-3707	31	10	knowledge	knowledge	NOUN
fsr-3707	31	11	regarding	regard	VERB
fsr-3707	31	12	how	how	SCONJ
fsr-3707	31	13	much	much	ADJ
fsr-3707	31	14	a	a	DET
fsr-3707	31	15	dollar	dollar	NOUN
fsr-3707	31	16	saved	save	VERB
fsr-3707	31	17	now	now	ADV
fsr-3707	31	18	could	could	AUX
fsr-3707	31	19	be	be	AUX
fsr-3707	31	20	compounded	compound	VERB
fsr-3707	31	21	to	to	PART
fsr-3707	31	22	become	become	VERB
fsr-3707	31	23	after	after	ADP
fsr-3707	31	24	various	various	ADJ
fsr-3707	31	25	numbers	number	NOUN
fsr-3707	31	26	of	of	ADP
fsr-3707	31	27	years	year	NOUN
fsr-3707	31	28	.	.	PUNCT
fsr-3707	32	1	an	an	DET
fsr-3707	32	2	indicative	indicative	ADJ
fsr-3707	32	3	questionnaire	questionnaire	NOUN
fsr-3707	32	4	reveals	reveal	VERB
fsr-3707	32	5	that	that	SCONJ
fsr-3707	32	6	most	most	ADJ
fsr-3707	32	7	people	people	NOUN
fsr-3707	32	8	grossly	grossly	ADV
fsr-3707	32	9	underestimate	underestimate	VERB
fsr-3707	32	10	the	the	DET
fsr-3707	32	11	significance	significance	NOUN
fsr-3707	32	12	of	of	ADP
fsr-3707	32	13	compound	compound	NOUN
fsr-3707	32	14	interest	interest	NOUN
fsr-3707	32	15	.	.	PUNCT
fsr-3707	33	1	when	when	SCONJ
fsr-3707	33	2	told	tell	VERB
fsr-3707	33	3	of	of	ADP
fsr-3707	33	4	the	the	DET
fsr-3707	33	5	right	right	ADJ
fsr-3707	33	6	figures	figure	NOUN
fsr-3707	33	7	,	,	PUNCT
fsr-3707	33	8	they	they	PRON
fsr-3707	33	9	indicate	indicate	VERB
fsr-3707	33	10	their	their	PRON
fsr-3707	33	11	willingness	willingness	NOUN
fsr-3707	33	12	to	to	PART
fsr-3707	33	13	save	save	VERB
fsr-3707	33	14	much	much	ADV
fsr-3707	33	15	more	more	ADJ
fsr-3707	33	16	.	.	PUNCT
fsr-3707	34	1	a	a	DET
fsr-3707	34	2	simple	simple	ADJ
fsr-3707	34	3	model	model	NOUN
fsr-3707	34	4	of	of	ADP
fsr-3707	34	5	intertemporal	intertemporal	ADJ
fsr-3707	34	6	optimization	optimization	NOUN
fsr-3707	34	7	under	under	ADP
fsr-3707	34	8	plausible	plausible	ADJ
fsr-3707	34	9	parameters	parameter	NOUN
fsr-3707	34	10	(	(	PUNCT
fsr-3707	34	11	4	4	NUM
fsr-3707	34	12	-	-	SYM
fsr-3707	34	13	5	5	NUM
fsr-3707	34	14	percent	percent	NOUN
fsr-3707	34	15	real	real	ADJ
fsr-3707	34	16	rate	rate	NOUN
fsr-3707	34	17	of	of	ADP
fsr-3707	34	18	return	return	NOUN
fsr-3707	34	19	)	)	PUNCT
fsr-3707	34	20	prescribe	prescribe	VERB
fsr-3707	34	21	many	many	ADJ
fsr-3707	34	22	times	time	NOUN
fsr-3707	34	23	higher	high	ADJ
fsr-3707	34	24	consumption	consumption	NOUN
fsr-3707	34	25	at	at	ADP
fsr-3707	34	26	older	old	ADJ
fsr-3707	34	27	ages	age	NOUN
fsr-3707	34	28	than	than	ADP
fsr-3707	34	29	at	at	ADP
fsr-3707	34	30	younger	young	ADJ
fsr-3707	34	31	ages	age	NOUN
fsr-3707	34	32	,	,	PUNCT
fsr-3707	34	33	implying	imply	VERB
fsr-3707	34	34	very	very	ADV
fsr-3707	34	35	high	high	ADJ
fsr-3707	34	36	rates	rate	NOUN
fsr-3707	34	37	of	of	ADP
fsr-3707	34	38	savings	saving	NOUN
fsr-3707	34	39	when	when	SCONJ
fsr-3707	34	40	young	young	ADJ
fsr-3707	34	41	.	.	PROPN
fsr-3707	35	1	journal	journal	PROPN
fsr-3707	35	2	of	of	ADP
fsr-3707	35	3	economic	economic	ADJ
fsr-3707	35	4	behavior	behavior	NOUN
fsr-3707	35	5	and	and	CCONJ
fsr-3707	35	6	organization	organization	NOUN
fsr-3707	35	7	,	,	PUNCT
fsr-3707	35	8	january	january	PROPN
fsr-3707	35	9	1992	1992	NUM
fsr-3707	35	10	,	,	PUNCT
fsr-3707	35	11	17	17	NUM
fsr-3707	35	12	(	(	PUNCT
fsr-3707	35	13	1	1	NUM
fsr-3707	35	14	):	):	PUNCT
fsr-3707	35	15	101	101	NUM
fsr-3707	35	16	-	-	PUNCT
fsr-3707	35	17	l	l	NOUN
fsr-3707	35	18	14	14	NUM
fsr-3707	35	19	.	.	PUNCT
fsr-3707	36	1	(	(	PUNCT
fsr-3707	36	2	reprinted	reprint	VERB
fsr-3707	36	3	with	with	ADP
fsr-3707	36	4	permission	permission	NOUN
fsr-3707	36	5	of	of	ADP
fsr-3707	36	6	north	north	PROPN
fsr-3707	36	7	holland	holland	PROPN
fsr-3707	36	8	publishing	publishing	PROPN
fsr-3707	36	9	company	company	NOUN
fsr-3707	36	10	)	)	PUNCT
fsr-3707	36	11	.	.	PUNCT
fsr-3707	37	1	abstracts	abstract	NOUN
fsr-3707	37	2	of	of	ADP
fsr-3707	37	3	articles	article	NOUN
fsr-3707	37	4	on	on	ADP
fsr-3707	37	5	individual	individual	ADJ
fsr-3707	37	6	financial	financial	ADJ
fsr-3707	37	7	management	management	NOUN
fsr-3707	37	8	how	how	SCONJ
fsr-3707	37	9	strong	strong	ADJ
fsr-3707	37	10	are	be	AUX
fsr-3707	37	11	bequest	bequest	ADJ
fsr-3707	37	12	motives	motive	NOUN
fsr-3707	37	13	?	?	PUNCT
fsr-3707	38	1	evidence	evidence	NOUN
fsr-3707	38	2	based	base	VERB
fsr-3707	38	3	on	on	ADP
fsr-3707	38	4	estimates	estimate	NOUN
fsr-3707	38	5	of	of	ADP
fsr-3707	38	6	the	the	DET
fsr-3707	38	7	den&l	den&l	ADV
fsr-3707	38	8	for	for	ADP
fsr-3707	38	9	life	life	NOUN
fsr-3707	38	10	insurance	insurance	NOUN
fsr-3707	38	11	and	and	CCONJ
fsr-3707	38	12	annuities	annuity	NOUN
fsr-3707	38	13	,	,	PUNCT
fsr-3707	38	14	by	by	ADP
fsr-3707	38	15	b.	b.	PROPN
fsr-3707	38	16	douglas	douglas	PROPN
fsr-3707	38	17	bem	bem	PROPN
fsr-3707	38	18	heim	heim	PROPN
fsr-3707	38	19	(	(	PUNCT
fsr-3707	38	20	princeton	princeton	PROPN
fsr-3707	38	21	university	university	PROPN
fsr-3707	38	22	)	)	PUNCT
fsr-3707	38	23	.	.	PUNCT
fsr-3707	39	1	this	this	DET
fsr-3707	39	2	paper	paper	NOUN
fsr-3707	39	3	presents	present	VERB
fsr-3707	39	4	new	new	ADJ
fsr-3707	39	5	empirical	empirical	ADJ
fsr-3707	39	6	evidence	evidence	NOUN
fsr-3707	39	7	in	in	ADP
fsr-3707	39	8	support	support	NOUN
fsr-3707	39	9	of	of	ADP
fsr-3707	39	10	the	the	DET
fsr-3707	39	11	view	view	NOUN
fsr-3707	39	12	that	that	SCONJ
fsr-3707	39	13	a	a	DET
fsr-3707	39	14	significant	significant	ADJ
fsr-3707	39	15	fraction	fraction	NOUN
fsr-3707	39	16	of	of	ADP
fsr-3707	39	17	total	total	ADJ
fsr-3707	39	18	savings	saving	NOUN
fsr-3707	39	19	is	be	AUX
fsr-3707	39	20	motivated	motivate	VERB
fsr-3707	39	21	by	by	ADP
fsr-3707	39	22	the	the	DET
fsr-3707	39	23	desire	desire	NOUN
fsr-3707	39	24	to	to	PART
fsr-3707	39	25	leave	leave	VERB
fsr-3707	39	26	bequests	bequest	NOUN
fsr-3707	39	27	.	.	PUNCT
fsr-3707	40	1	specifically	specifically	ADV
fsr-3707	40	2	,	,	PUNCT
fsr-3707	40	3	i	i	PRON
fsr-3707	40	4	find	find	VERB
fsr-3707	40	5	that	that	SCONJ
fsr-3707	40	6	social	social	ADJ
fsr-3707	40	7	security	security	NOUN
fsr-3707	40	8	annuity	annuity	NOUN
fsr-3707	40	9	benefits	benefit	NOUN
fsr-3707	40	10	significantly	significantly	ADV
fsr-3707	40	11	raise	raise	VERB
fsr-3707	40	12	life	life	NOUN
fsr-3707	40	13	insurance	insurance	NOUN
fsr-3707	40	14	holdings	holding	NOUN
fsr-3707	40	15	and	and	CCONJ
fsr-3707	40	16	depress	depress	VERB
fsr-3707	40	17	private	private	ADJ
fsr-3707	40	18	annuity	annuity	NOUN
fsr-3707	40	19	holdings	holding	NOUN
fsr-3707	40	20	among	among	ADP
fsr-3707	40	21	elderly	elderly	ADJ
fsr-3707	40	22	individuals	individual	NOUN
fsr-3707	40	23	.	.	PUNCT
fsr-3707	41	1	these	these	DET
fsr-3707	41	2	patterns	pattern	NOUN
fsr-3707	41	3	indicate	indicate	VERB
fsr-3707	41	4	that	that	SCONJ
fsr-3707	41	5	the	the	DET
fsr-3707	41	6	typical	typical	ADJ
fsr-3707	41	7	household	household	NOUN
fsr-3707	41	8	would	would	AUX
fsr-3707	41	9	choose	choose	VERB
fsr-3707	41	10	to	to	PART
fsr-3707	41	11	maintain	maintain	VERB
fsr-3707	41	12	a	a	DET
fsr-3707	41	13	positive	positive	ADJ
fsr-3707	41	14	fraction	fraction	NOUN
fsr-3707	41	15	of	of	ADP
fsr-3707	41	16	its	its	PRON
fsr-3707	41	17	resources	resource	NOUN
fsr-3707	41	18	in	in	ADP
fsr-3707	41	19	bequeathable	bequeathable	ADJ
fsr-3707	41	20	forms	form	NOUN
fsr-3707	41	21	,	,	PUNCT
fsr-3707	41	22	even	even	ADV
fsr-3707	41	23	if	if	SCONJ
fsr-3707	41	24	insurance	insurance	NOUN
fsr-3707	41	25	markets	market	NOUN
fsr-3707	41	26	were	be	AUX
fsr-3707	41	27	perfect	perfect	ADJ
fsr-3707	41	28	.	.	PUNCT
fsr-3707	42	1	evidence	evidence	NOUN
fsr-3707	42	2	on	on	ADP
fsr-3707	42	3	the	the	DET
fsr-3707	42	4	relationship	relationship	NOUN
fsr-3707	42	5	between	between	ADP
fsr-3707	42	6	insurance	insurance	NOUN
fsr-3707	42	7	purchases	purchase	NOUN
fsr-3707	42	8	and	and	CCONJ
fsr-3707	42	9	total	total	ADJ
fsr-3707	42	10	resources	resource	NOUN
fsr-3707	42	11	reinforces	reinforce	VERB
fsr-3707	42	12	this	this	DET
fsr-3707	42	13	conclusion	conclusion	NOUN
fsr-3707	42	14	.	.	PUNCT
fsr-3707	43	1	journal	journal	NOUN
fsr-3707	43	2	of	of	ADP
fsr-3707	43	3	political	political	ADJ
fsr-3707	43	4	economy	economy	NOUN
fsr-3707	43	5	,	,	PUNCT
fsr-3707	43	6	october	october	PROPN
fsr-3707	43	7	199	199	NUM
fsr-3707	43	8	1	1	NUM
fsr-3707	43	9	,	,	PUNCT
fsr-3707	43	10	99(5	99(5	NUM
fsr-3707	43	11	):	):	PUNCT
fsr-3707	43	12	899	899	NUM
fsr-3707	43	13	-	-	SYM
fsr-3707	43	14	927	927	NUM
fsr-3707	43	15	.	.	PUNCT
fsr-3707	44	1	(	(	PUNCT
fsr-3707	44	2	reprinted	reprint	VERB
fsr-3707	44	3	with	with	ADP
fsr-3707	44	4	permission	permission	NOUN
fsr-3707	44	5	of	of	ADP
fsr-3707	44	6	the	the	DET
fsr-3707	44	7	university	university	PROPN
fsr-3707	44	8	of	of	ADP
fsr-3707	44	9	chicago	chicago	PROPN
fsr-3707	44	10	press	press	PROPN
fsr-3707	44	11	)	)	PUNCT
fsr-3707	44	12	.	.	PUNCT
fsr-3707	45	1	insurance	insurance	NOUN
fsr-3707	45	2	decisions	decision	NOUN
fsr-3707	45	3	and	and	CCONJ
fsr-3707	45	4	indmdual	indmdual	ADJ
fsr-3707	45	5	risk	risk	NOUN
fsr-3707	45	6	management	management	NOUN
fsr-3707	45	7	income	income	NOUN
fsr-3707	45	8	tax	tax	NOUN
fsr-3707	45	9	deductions	deduction	NOUN
fsr-3707	45	10	for	for	ADP
fsr-3707	45	11	losses	loss	NOUN
fsr-3707	45	12	as	as	ADP
fsr-3707	45	13	insurance	insurance	NOUN
fsr-3707	45	14	,	,	PUNCT
fsr-3707	45	15	by	by	ADP
fsr-3707	45	16	louis	louis	PROPN
fsr-3707	45	17	kaplow	kaplow	PROPN
fsr-3707	45	18	(	(	PUNCT
fsr-3707	45	19	harvard	harvard	PROPN
fsr-3707	45	20	university	university	PROPN
fsr-3707	45	21	)	)	PUNCT
fsr-3707	45	22	.	.	PUNCT
fsr-3707	46	1	the	the	DET
fsr-3707	46	2	federal	federal	ADJ
fsr-3707	46	3	income	income	NOUN
fsr-3707	46	4	tax	tax	NOUN
fsr-3707	46	5	allows	allow	VERB
fsr-3707	46	6	deductions	deduction	NOUN
fsr-3707	46	7	for	for	ADP
fsr-3707	46	8	some	some	DET
fsr-3707	46	9	categories	category	NOUN
fsr-3707	46	10	of	of	ADP
fsr-3707	46	11	personal	personal	ADJ
fsr-3707	46	12	losses	loss	NOUN
fsr-3707	46	13	,	,	PUNCT
fsr-3707	46	14	notably	notably	ADV
fsr-3707	46	15	for	for	ADP
fsr-3707	46	16	casualty	casualty	NOUN
fsr-3707	46	17	losses	loss	NOUN
fsr-3707	46	18	(	(	PUNCT
fsr-3707	46	19	such	such	ADJ
fsr-3707	46	20	as	as	ADP
fsr-3707	46	21	destruction	destruction	NOUN
fsr-3707	46	22	of	of	ADP
fsr-3707	46	23	one	one	NUM
fsr-3707	46	24	’s	’s	PART
fsr-3707	46	25	home	home	NOUN
fsr-3707	46	26	or	or	CCONJ
fsr-3707	46	27	car	car	NOUN
fsr-3707	46	28	)	)	PUNCT
fsr-3707	46	29	and	and	CCONJ
fsr-3707	46	30	medical	medical	ADJ
fsr-3707	46	31	expenses	expense	NOUN
fsr-3707	46	32	above	above	ADP
fsr-3707	46	33	a	a	DET
fsr-3707	46	34	threshold	threshold	NOUN
fsr-3707	46	35	.	.	PUNCT
fsr-3707	47	1	the	the	DET
fsr-3707	47	2	latter	latter	ADJ
fsr-3707	47	3	,	,	PUNCT
fsr-3707	47	4	even	even	ADV
fsr-3707	47	5	with	with	ADP
fsr-3707	47	6	lower	low	ADJ
fsr-3707	47	7	marginal	marginal	ADJ
fsr-3707	47	8	rates	rate	NOUN
fsr-3707	47	9	and	and	CCONJ
fsr-3707	47	10	further	further	ADJ
fsr-3707	47	11	restrictions	restriction	NOUN
fsr-3707	47	12	brought	bring	VERB
fsr-3707	47	13	about	about	ADP
fsr-3707	47	14	by	by	ADP
fsr-3707	47	15	the	the	DET
fsr-3707	47	16	1986	1986	NUM
fsr-3707	47	17	tax	tax	NOUN
fsr-3707	47	18	reform	reform	NOUN
fsr-3707	47	19	,	,	PUNCT
fsr-3707	47	20	involves	involve	VERB
fsr-3707	47	21	more	more	ADJ
fsr-3707	47	22	than	than	ADP
fsr-3707	47	23	a	a	DET
fsr-3707	47	24	$	$	SYM
fsr-3707	47	25	3	3	NUM
fsr-3707	47	26	billion	billion	NUM
fsr-3707	47	27	annual	annual	ADJ
fsr-3707	47	28	revenue	revenue	NOUN
fsr-3707	47	29	loss	loss	NOUN
fsr-3707	47	30	(	(	PUNCT
fsr-3707	47	31	office	office	NOUN
fsr-3707	47	32	of	of	ADP
fsr-3707	47	33	management	management	NOUN
fsr-3707	47	34	and	and	CCONJ
fsr-3707	47	35	budget	budget	NOUN
fsr-3707	47	36	,	,	PUNCT
fsr-3707	47	37	1990	1990	NUM
fsr-3707	47	38	)	)	PUNCT
fsr-3707	47	39	.	.	PUNCT
fsr-3707	48	1	deductions	deduction	NOUN
fsr-3707	48	2	like	like	ADP
fsr-3707	48	3	these	these	DET
fsr-3707	48	4	act	act	NOUN
fsr-3707	48	5	as	as	ADP
fsr-3707	48	6	partial	partial	ADJ
fsr-3707	48	7	insurance	insurance	NOUN
fsr-3707	48	8	:	:	PUNCT
fsr-3707	48	9	individuals	individual	NOUN
fsr-3707	48	10	receive	receive	VERB
fsr-3707	48	11	a	a	DET
fsr-3707	48	12	tax	tax	NOUN
fsr-3707	48	13	benefit	benefit	NOUN
fsr-3707	48	14	equal	equal	ADJ
fsr-3707	48	15	to	to	ADP
fsr-3707	48	16	their	their	PRON
fsr-3707	48	17	marginal	marginal	ADJ
fsr-3707	48	18	rate	rate	NOUN
fsr-3707	48	19	multiplied	multiply	VERB
fsr-3707	48	20	by	by	ADP
fsr-3707	48	21	the	the	DET
fsr-3707	48	22	magnitude	magnitude	NOUN
fsr-3707	48	23	of	of	ADP
fsr-3707	48	24	their	their	PRON
fsr-3707	48	25	loss	loss	NOUN
fsr-3707	48	26	.	.	PUNCT
fsr-3707	49	1	however	however	ADV
fsr-3707	49	2	,	,	PUNCT
fsr-3707	49	3	this	this	DET
fsr-3707	49	4	form	form	NOUN
fsr-3707	49	5	of	of	ADP
fsr-3707	49	6	insurance	insurance	NOUN
fsr-3707	49	7	is	be	AUX
fsr-3707	49	8	unnecessary	unnecessary	ADJ
fsr-3707	49	9	when	when	SCONJ
fsr-3707	49	10	private	private	ADJ
fsr-3707	49	11	insurance	insurance	NOUN
fsr-3707	49	12	is	be	AUX
fsr-3707	49	13	available	available	ADJ
fsr-3707	49	14	.	.	PUNCT
fsr-3707	50	1	moreover	moreover	ADV
fsr-3707	50	2	,	,	PUNCT
fsr-3707	50	3	as	as	SCONJ
fsr-3707	50	4	will	will	AUX
fsr-3707	50	5	be	be	AUX
fsr-3707	50	6	emphasized	emphasize	VERB
fsr-3707	50	7	here	here	ADV
fsr-3707	50	8	,	,	PUNCT
fsr-3707	50	9	these	these	DET
fsr-3707	50	10	deductions	deduction	NOUN
fsr-3707	50	11	have	have	VERB
fsr-3707	50	12	a	a	DET
fsr-3707	50	13	perverse	perverse	ADJ
fsr-3707	50	14	effect	effect	NOUN
fsr-3707	50	15	because	because	SCONJ
fsr-3707	50	16	they	they	PRON
fsr-3707	50	17	am	be	AUX
fsr-3707	50	18	allowed	allow	VERB
fsr-3707	50	19	only	only	ADV
fsr-3707	50	20	for	for	ADP
fsr-3707	50	21	the	the	DET
fsr-3707	50	22	uninsured	uninsured	ADJ
fsr-3707	50	23	portion	portion	NOUN
fsr-3707	50	24	of	of	ADP
fsr-3707	50	25	losses	loss	NOUN
fsr-3707	50	26	.	.	PUNCT
fsr-3707	51	1	this	this	PRON
fsr-3707	51	2	induces	induce	VERB
fsr-3707	51	3	individuals	individual	NOUN
fsr-3707	51	4	to	to	PART
fsr-3707	51	5	be	be	AUX
fsr-3707	51	6	less	less	ADV
fsr-3707	51	7	protected	protect	VERB
fsr-3707	51	8	against	against	ADP
fsr-3707	51	9	risk	risk	NOUN
fsr-3707	51	10	in	in	ADP
fsr-3707	51	11	the	the	DET
fsr-3707	51	12	aggregate	aggregate	NOUN
fsr-3707	51	13	than	than	SCONJ
fsr-3707	51	14	if	if	SCONJ
fsr-3707	51	15	the	the	DET
fsr-3707	51	16	implicit	implicit	ADJ
fsr-3707	51	17	insurance	insurance	NOUN
fsr-3707	51	18	provided	provide	VERB
fsr-3707	51	19	by	by	ADP
fsr-3707	51	20	the	the	DET
fsr-3707	51	21	tax	tax	NOUN
fsr-3707	51	22	system	system	NOUN
fsr-3707	51	23	were	be	AUX
fsr-3707	51	24	unavailable	unavailable	ADJ
fsr-3707	51	25	;	;	PUNCT
fsr-3707	51	26	if	if	SCONJ
fsr-3707	51	27	the	the	DET
fsr-3707	51	28	tax	tax	NOUN
fsr-3707	51	29	rate	rate	NOUN
fsr-3707	51	30	is	be	AUX
fsr-3707	51	31	sufficiently	sufficiently	ADV
fsr-3707	51	32	high	high	ADJ
fsr-3707	51	33	,	,	PUNCT
fsr-3707	51	34	individuals	individual	NOUN
fsr-3707	51	35	would	would	AUX
fsr-3707	51	36	forgo	forgo	VERB
fsr-3707	51	37	insurance	insurance	NOUN
fsr-3707	51	38	coverage	coverage	NOUN
fsr-3707	51	39	altogether	altogether	ADV
fsr-3707	51	40	.	.	PUNCT
fsr-3707	52	1	it	it	PRON
fsr-3707	52	2	will	will	AUX
fsr-3707	52	3	be	be	AUX
fsr-3707	52	4	demonstrated	demonstrate	VERB
fsr-3707	52	5	that	that	SCONJ
fsr-3707	52	6	a	a	DET
fsr-3707	52	7	tax	tax	NOUN
fsr-3707	52	8	system	system	NOUN
fsr-3707	52	9	with	with	ADP
fsr-3707	52	10	no	no	DET
fsr-3707	52	11	deductions	deduction	NOUN
fsr-3707	52	12	for	for	ADP
fsr-3707	52	13	personal	personal	ADJ
fsr-3707	52	14	losses	loss	NOUN
fsr-3707	52	15	pareto	pareto	VERB
fsr-3707	52	16	dominates	dominate	VERB
fsr-3707	52	17	the	the	DET
fsr-3707	52	18	current	current	ADJ
fsr-3707	52	19	system	system	NOUN
fsr-3707	52	20	.	.	PUNCT
fsr-3707	53	1	these	these	DET
fsr-3707	53	2	conclusions	conclusion	NOUN
fsr-3707	53	3	are	be	AUX
fsr-3707	53	4	demonstrated	demonstrate	VERB
fsr-3707	53	5	in	in	ADP
fsr-3707	53	6	section	section	NOUN
fsr-3707	53	7	i	i	PRON
fsr-3707	53	8	using	use	VERB
fsr-3707	53	9	a	a	DET
fsr-3707	53	10	simple	simple	ADJ
fsr-3707	53	11	model	model	NOUN
fsr-3707	53	12	in	in	ADP
fsr-3707	53	13	which	which	PRON
fsr-3707	53	14	risk	risk	NOUN
fsr-3707	53	15	-	-	PUNCT
fsr-3707	53	16	averse	averse	ADJ
fsr-3707	53	17	individuals	individual	NOUN
fsr-3707	53	18	may	may	AUX
fsr-3707	53	19	purchase	purchase	VERB
fsr-3707	53	20	actuarially	actuarially	ADV
fsr-3707	53	21	fair	fair	ADJ
fsr-3707	53	22	insurance	insurance	NOUN
fsr-3707	53	23	against	against	ADP
fsr-3707	53	24	loss	loss	NOUN
fsr-3707	53	25	and	and	CCONJ
fsr-3707	53	26	individual	individual	ADJ
fsr-3707	53	27	behavior	behavior	NOUN
fsr-3707	53	28	does	do	AUX
fsr-3707	53	29	not	not	PART
fsr-3707	53	30	affect	affect	VERB
fsr-3707	53	31	the	the	DET
fsr-3707	53	32	risk	risk	NOUN
fsr-3707	53	33	of	of	ADP
fsr-3707	53	34	loss	loss	NOUN
fsr-3707	53	35	(	(	PUNCT
fsr-3707	53	36	no	no	DET
fsr-3707	53	37	moral	moral	ADJ
fsr-3707	53	38	hazard	hazard	NOUN
fsr-3707	53	39	)	)	PUNCT
fsr-3707	53	40	.	.	PUNCT
fsr-3707	54	1	section	section	PROPN
fsr-3707	54	2	ii	ii	PROPN
fsr-3707	54	3	considers	consider	VERB
fsr-3707	54	4	the	the	DET
fsr-3707	54	5	applicability	applicability	NOUN
fsr-3707	54	6	of	of	ADP
fsr-3707	54	7	the	the	DET
fsr-3707	54	8	results	result	NOUN
fsr-3707	54	9	when	when	SCONJ
fsr-3707	54	10	one	one	PRON
fsr-3707	54	11	allows	allow	VERB
fsr-3707	54	12	for	for	ADP
fsr-3707	54	13	moral	moral	ADJ
fsr-3707	54	14	hazard	hazard	NOUN
fsr-3707	54	15	,	,	PUNCT
fsr-3707	54	16	admin	admin	VERB
fsr-3707	54	17	istrative	istrative	ADJ
fsr-3707	54	18	costs	cost	NOUN
fsr-3707	54	19	,	,	PUNCT
fsr-3707	54	20	and	and	CCONJ
fsr-3707	54	21	other	other	ADJ
fsr-3707	54	22	imperfections	imperfection	NOUN
fsr-3707	54	23	.	.	PUNCT
fsr-3707	55	1	it	it	PRON
fsr-3707	55	2	also	also	ADV
fsr-3707	55	3	discusses	discuss	VERB
fsr-3707	55	4	the	the	DET
fsr-3707	55	5	applicability	applicability	NOUN
fsr-3707	55	6	of	of	ADP
fsr-3707	55	7	tradi	tradi	NOUN
fsr-3707	55	8	66	66	NUM
fsr-3707	55	9	financial	financial	ADJ
fsr-3707	55	10	services	service	NOUN
fsr-3707	55	11	review	review	NOUN
fsr-3707	55	12	,	,	PUNCT
fsr-3707	55	13	2(l	2(l	NUM
fsr-3707	55	14	)	)	PUNCT
fsr-3707	55	15	1992fl993	1992fl993	NUM
fsr-3707	55	16	tional	tional	ADJ
fsr-3707	55	17	notions	notion	NOUN
fsr-3707	55	18	of	of	ADP
fsr-3707	55	19	tax	tax	NOUN
fsr-3707	55	20	equity	equity	NOUN
fsr-3707	55	21	.	.	PUNCT
fsr-3707	56	1	american	american	PROPN
fsr-3707	56	2	economic	economic	PROPN
fsr-3707	56	3	review	review	PROPN
fsr-3707	56	4	,	,	PUNCT
fsr-3707	56	5	september	september	PROPN
fsr-3707	56	6	1992,82(4	1992,82(4	PROPN
fsr-3707	56	7	):	):	PUNCT
fsr-3707	56	8	1013	1013	NUM
fsr-3707	56	9	-	-	SYM
fsr-3707	56	10	1017	1017	NUM
fsr-3707	56	11	.	.	PUNCT
fsr-3707	57	1	(	(	PUNCT
fsr-3707	57	2	reprinted	reprint	VERB
fsr-3707	57	3	with	with	ADP
fsr-3707	57	4	permission	permission	NOUN
fsr-3707	57	5	of	of	ADP
fsr-3707	57	6	the	the	DET
fsr-3707	57	7	american	american	ADJ
fsr-3707	57	8	economic	economic	PROPN
fsr-3707	57	9	review	review	PROPN
fsr-3707	57	10	)	)	PUNCT
fsr-3707	57	11	.	.	PUNCT
fsr-3707	58	1	inexment	inexment	ADJ
fsr-3707	58	2	selection	selection	NOUN
fsr-3707	58	3	and	and	CCONJ
fsr-3707	58	4	indmjmjal	indmjmjal	ADJ
fsr-3707	58	5	portfolio	portfolio	NOUN
fsr-3707	58	6	management	management	NOUN
fsr-3707	58	7	stock	stock	NOUN
fsr-3707	58	8	prices	price	NOUN
fsr-3707	58	9	and	and	CCONJ
fsr-3707	58	10	the	the	DET
fsr-3707	58	11	dissemination	dissemination	NOUN
fsr-3707	58	12	of	of	ADP
fsr-3707	58	13	analysts	analyst	NOUN
fsr-3707	58	14	’	’	PART
fsr-3707	58	15	recommendations	recommendation	NOUN
fsr-3707	58	16	,	,	PUNCT
fsr-3707	58	17	by	by	ADP
fsr-3707	58	18	m.d	m.d	PROPN
fsr-3707	58	19	.	.	PROPN
fsr-3707	58	20	beneish	beneish	PROPN
fsr-3707	58	21	(	(	PUNCT
fsr-3707	58	22	duke	duke	PROPN
fsr-3707	58	23	university	university	PROPN
fsr-3707	58	24	)	)	PUNCT
fsr-3707	58	25	.	.	PUNCT
fsr-3707	59	1	this	this	DET
fsr-3707	59	2	article	article	NOUN
fsr-3707	59	3	investigates	investigate	VERB
fsr-3707	59	4	alternative	alternative	ADJ
fsr-3707	59	5	explanations	explanation	NOUN
fsr-3707	59	6	for	for	ADP
fsr-3707	59	7	the	the	DET
fsr-3707	59	8	significant	significant	ADJ
fsr-3707	59	9	stock	stock	NOUN
fsr-3707	59	10	-	-	PUNCT
fsr-3707	59	11	price	price	NOUN
fsr-3707	59	12	reaction	reaction	NOUN
fsr-3707	59	13	to	to	ADP
fsr-3707	59	14	analysts	analyst	NOUN
fsr-3707	59	15	’	’	PART
fsr-3707	59	16	information	information	NOUN
fsr-3707	59	17	reported	report	VERB
fsr-3707	59	18	in	in	ADP
fsr-3707	59	19	the	the	DET
fsr-3707	59	20	“	"	PUNCT
fsr-3707	59	21	heard	hear	VERB
fsr-3707	59	22	on	on	ADP
fsr-3707	59	23	the	the	DET
fsr-3707	59	24	street	street	NOUN
fsr-3707	59	25	”	"	PUNCT
fsr-3707	59	26	column	column	NOUN
fsr-3707	59	27	of	of	ADP
fsr-3707	59	28	the	the	DET
fsr-3707	59	29	wall	wall	PROPN
fsr-3707	59	30	street	street	PROPN
fsr-3707	59	31	journal	journal	PROPN
fsr-3707	59	32	.	.	PUNCT
fsr-3707	60	1	the	the	DET
fsr-3707	60	2	observed	observed	ADJ
fsr-3707	60	3	market	market	NOUN
fsr-3707	60	4	reaction	reaction	NOUN
fsr-3707	60	5	persists	persist	VERB
fsr-3707	60	6	after	after	ADP
fsr-3707	60	7	eliminating	eliminate	VERB
fsr-3707	60	8	firms	firm	NOUN
fsr-3707	60	9	with	with	ADP
fsr-3707	60	10	confounding	confound	VERB
fsr-3707	60	11	releases	release	NOUN
fsr-3707	60	12	and	and	CCONJ
fsr-3707	60	13	firms	firm	NOUN
fsr-3707	60	14	for	for	ADP
fsr-3707	60	15	which	which	PRON
fsr-3707	60	16	analysts	analyst	NOUN
fsr-3707	60	17	’	’	PART
fsr-3707	60	18	reports	report	NOUN
fsr-3707	60	19	are	be	AUX
fsr-3707	60	20	issued	issue	VERB
fsr-3707	60	21	immediately	immediately	ADV
fsr-3707	60	22	prior	prior	ADV
fsr-3707	60	23	to	to	ADP
fsr-3707	60	24	publication	publication	NOUN
fsr-3707	60	25	.	.	PUNCT
fsr-3707	61	1	the	the	DET
fsr-3707	61	2	evidence	evidence	NOUN
fsr-3707	61	3	indicates	indicate	VERB
fsr-3707	61	4	that	that	SCONJ
fsr-3707	61	5	the	the	DET
fsr-3707	61	6	column	column	NOUN
fsr-3707	61	7	is	be	AUX
fsr-3707	61	8	not	not	PART
fsr-3707	61	9	usually	usually	ADV
fsr-3707	61	10	a	a	DET
fsr-3707	61	11	secondary	secondary	ADJ
fsr-3707	61	12	dissemination	dissemination	NOUN
fsr-3707	61	13	.	.	PUNCT
fsr-3707	62	1	first	first	ADV
fsr-3707	62	2	,	,	PUNCT
fsr-3707	62	3	stock	stock	NOUN
fsr-3707	62	4	prices	price	NOUN
fsr-3707	62	5	adjust	adjust	VERB
fsr-3707	62	6	prior	prior	ADV
fsr-3707	62	7	to	to	ADP
fsr-3707	62	8	publication	publication	NOUN
fsr-3707	62	9	when	when	SCONJ
fsr-3707	62	10	recommendations	recommendation	NOUN
fsr-3707	62	11	are	be	AUX
fsr-3707	62	12	reported	report	VERB
fsr-3707	62	13	on	on	ADP
fsr-3707	62	14	a	a	DET
fsr-3707	62	15	single	single	ADJ
fsr-3707	62	16	firm	firm	NOUN
fsr-3707	62	17	.	.	PUNCT
fsr-3707	63	1	second	second	ADJ
fsr-3707	63	2	,	,	PUNCT
fsr-3707	63	3	analysts	analyst	NOUN
fsr-3707	63	4	have	have	AUX
fsr-3707	63	5	incen	incen	NOUN
fsr-3707	63	6	tives	tive	NOUN
fsr-3707	63	7	to	to	PART
fsr-3707	63	8	release	release	VERB
fsr-3707	63	9	information	information	NOUN
fsr-3707	63	10	to	to	ADP
fsr-3707	63	11	the	the	DET
fsr-3707	63	12	column	column	NOUN
fsr-3707	63	13	before	before	ADP
fsr-3707	63	14	disseminating	disseminate	VERB
fsr-3707	63	15	it	it	PRON
fsr-3707	63	16	to	to	ADP
fsr-3707	63	17	their	their	PRON
fsr-3707	63	18	clients	client	NOUN
fsr-3707	63	19	.	.	PUNCT
fsr-3707	64	1	overall	overall	ADV
fsr-3707	64	2	,	,	PUNCT
fsr-3707	64	3	the	the	DET
fsr-3707	64	4	evidence	evidence	NOUN
fsr-3707	64	5	suggests	suggest	VERB
fsr-3707	64	6	that	that	SCONJ
fsr-3707	64	7	the	the	DET
fsr-3707	64	8	“	"	PUNCT
fsr-3707	64	9	heard	hear	VERB
fsr-3707	64	10	on	on	ADP
fsr-3707	64	11	the	the	DET
fsr-3707	64	12	street	street	NOUN
fsr-3707	64	13	”	"	PUNCT
fsr-3707	64	14	column	column	NOUN
fsr-3707	64	15	gathers	gather	VERB
fsr-3707	64	16	information	information	NOUN
fsr-3707	64	17	,	,	PUNCT
fsr-3707	64	18	forms	form	VERB
fsr-3707	64	19	a	a	DET
fsr-3707	64	20	consensus	consensus	NOUN
fsr-3707	64	21	,	,	PUNCT
fsr-3707	64	22	and	and	CCONJ
fsr-3707	64	23	provides	provide	VERB
fsr-3707	64	24	it	it	PRON
fsr-3707	64	25	to	to	ADP
fsr-3707	64	26	investors	investor	NOUN
fsr-3707	64	27	.	.	PUNCT
fsr-3707	65	1	journal	journal	PROPN
fsr-3707	65	2	of	of	ADP
fsr-3707	65	3	business	business	NOUN
fsr-3707	65	4	,	,	PUNCT
fsr-3707	65	5	64(3	64(3	NUM
fsr-3707	65	6	):	):	PUNCT
fsr-3707	65	7	393	393	NUM
fsr-3707	65	8	-	-	SYM
fsr-3707	65	9	416	416	NUM
fsr-3707	65	10	.	.	PUNCT
fsr-3707	66	1	(	(	PUNCT
fsr-3707	66	2	reprinted	reprint	VERB
fsr-3707	66	3	with	with	ADP
fsr-3707	66	4	permission	permission	NOUN
fsr-3707	66	5	of	of	ADP
fsr-3707	66	6	the	the	DET
fsr-3707	66	7	university	university	PROPN
fsr-3707	66	8	of	of	ADP
fsr-3707	66	9	chicago	chicago	PROPN
fsr-3707	66	10	press	press	PROPN
fsr-3707	66	11	)	)	PUNCT
fsr-3707	66	12	.	.	PUNCT
fsr-3707	67	1	makroiikonomisches	makroiikonomische	NOUN
fsr-3707	67	2	umfeld	umfeld	VERB
fsr-3707	67	3	und	und	VERB
fsr-3707	67	4	opthnaler	opthnaler	ADJ
fsr-3707	67	5	anlagemix	anlagemix	PROPN
fsr-3707	67	6	.	.	PUNCT
fsr-3707	68	1	eine	eine	PROPN
fsr-3707	68	2	ana	ana	PROPN
fsr-3707	68	3	lyse	lyse	PROPN
fsr-3707	68	4	filr	filr	PROPN
fsr-3707	68	5	die	die	VERB
fsr-3707	68	6	schweiz	schweiz	PROPN
fsr-3707	68	7	unter	unter	PROPN
fsr-3707	68	8	spezieller	spezieller	NOUN
fsr-3707	68	9	berilcksichtigung	berilcksichtigung	PROPN
fsr-3707	68	10	von	von	PROPN
fsr-3707	68	11	immobi	immobi	PROPN
fsr-3707	68	12	lienanlagen	lienanlagen	NOUN
fsr-3707	68	13	(	(	PUNCT
fsr-3707	68	14	with	with	ADP
fsr-3707	68	15	english	english	PROPN
fsr-3707	68	16	summary	summary	NOUN
fsr-3707	68	17	)	)	PUNCT
fsr-3707	68	18	,	,	PUNCT
fsr-3707	68	19	by	by	ADP
fsr-3707	68	20	w.	w.	PROPN
fsr-3707	68	21	burger	burger	PROPN
fsr-3707	68	22	and	and	CCONJ
fsr-3707	68	23	p.	p.	PROPN
fsr-3707	68	24	meier	meier	PROPN
fsr-3707	68	25	.	.	PUNCT
fsr-3707	69	1	in	in	ADP
fsr-3707	69	2	this	this	DET
fsr-3707	69	3	paper	paper	NOUN
fsr-3707	69	4	,	,	PUNCT
fsr-3707	69	5	the	the	DET
fsr-3707	69	6	stability	stability	NOUN
fsr-3707	69	7	of	of	ADP
fsr-3707	69	8	an	an	DET
fsr-3707	69	9	optimal	optimal	ADJ
fsr-3707	69	10	asset	asset	NOUN
fsr-3707	69	11	mix	mix	NOUN
fsr-3707	69	12	of	of	ADP
fsr-3707	69	13	bonds	bond	NOUN
fsr-3707	69	14	,	,	PUNCT
fsr-3707	69	15	shares	share	NOUN
fsr-3707	69	16	,	,	PUNCT
fsr-3707	69	17	and	and	CCONJ
fsr-3707	69	18	real	real	ADJ
fsr-3707	69	19	estate	estate	NOUN
fsr-3707	69	20	is	be	AUX
fsr-3707	69	21	analyzed	analyze	VERB
fsr-3707	69	22	using	use	VERB
fsr-3707	69	23	different	different	ADJ
fsr-3707	69	24	time	time	NOUN
fsr-3707	69	25	frames	frame	NOUN
fsr-3707	69	26	and	and	CCONJ
fsr-3707	69	27	indicators	indicator	NOUN
fsr-3707	69	28	for	for	ADP
fsr-3707	69	29	real	real	ADJ
fsr-3707	69	30	estate	estate	NOUN
fsr-3707	69	31	returns	return	NOUN
fsr-3707	69	32	.	.	PUNCT
fsr-3707	70	1	diverging	diverge	VERB
fsr-3707	70	2	portfolio	portfolio	NOUN
fsr-3707	70	3	structures	structure	NOUN
fsr-3707	70	4	are	be	AUX
fsr-3707	70	5	discussed	discuss	VERB
fsr-3707	70	6	in	in	ADP
fsr-3707	70	7	light	light	NOUN
fsr-3707	70	8	of	of	ADP
fsr-3707	70	9	different	different	ADJ
fsr-3707	70	10	macroeconomic	macroeconomic	ADJ
fsr-3707	70	11	environments	environment	NOUN
fsr-3707	70	12	.	.	PUNCT
fsr-3707	71	1	an	an	DET
fsr-3707	71	2	attempt	attempt	NOUN
fsr-3707	71	3	is	be	AUX
fsr-3707	71	4	made	make	VERB
fsr-3707	71	5	to	to	PART
fsr-3707	71	6	evaluate	evaluate	VERB
fsr-3707	71	7	efficiency	efficiency	NOUN
fsr-3707	71	8	losses	loss	NOUN
fsr-3707	71	9	caused	cause	VERB
fsr-3707	71	10	by	by	ADP
fsr-3707	71	11	asset	asset	NOUN
fsr-3707	71	12	allocation	allocation	NOUN
fsr-3707	71	13	strategies	strategy	NOUN
fsr-3707	71	14	based	base	VERB
fsr-3707	71	15	on	on	ADP
fsr-3707	71	16	nominal	nominal	ADJ
fsr-3707	71	17	returns	return	NOUN
fsr-3707	71	18	if	if	SCONJ
fsr-3707	71	19	-	-	PUNCT
fsr-3707	71	20	as	as	ADV
fsr-3707	71	21	is	be	AUX
fsr-3707	71	22	often	often	ADV
fsr-3707	71	23	argued	argue	VERB
fsr-3707	71	24	-	-	PUNCT
fsr-3707	71	25	the	the	DET
fsr-3707	71	26	investor	investor	NOUN
fsr-3707	71	27	’s	’s	PART
fsr-3707	71	28	prime	prime	ADJ
fsr-3707	71	29	concern	concern	NOUN
fsr-3707	71	30	lies	lie	VERB
fsr-3707	71	31	with	with	ADP
fsr-3707	71	32	the	the	DET
fsr-3707	71	33	preservation	preservation	NOUN
fsr-3707	71	34	of	of	ADP
fsr-3707	71	35	purchasing	purchase	VERB
fsr-3707	71	36	power	power	NOUN
fsr-3707	71	37	.	.	PUNCT
fsr-3707	72	1	schweizerische	schweizerische	NOUN
fsr-3707	72	2	zeitschrift	zeitschrift	PROPN
fsr-3707	72	3	fir	fir	PROPN
fsr-3707	72	4	volkswirtschaft	volkswirtschaft	PROPN
fsr-3707	72	5	und	und	NOUN
fsr-3707	72	6	statistiwswiss	statistiwswiss	PROPN
fsr-3707	72	7	journal	journal	PROPN
fsr-3707	72	8	of	of	ADP
fsr-3707	72	9	economics	economic	NOUN
fsr-3707	72	10	and	and	CCONJ
fsr-3707	72	11	sta	sta	NOUN
fsr-3707	72	12	tistics	tistic	NOUN
fsr-3707	72	13	,	,	PUNCT
fsr-3707	72	14	june	june	PROPN
fsr-3707	72	15	1991	1991	NUM
fsr-3707	72	16	,	,	PUNCT
fsr-3707	72	17	127(3	127(3	NUM
fsr-3707	72	18	):	):	PUNCT
fsr-3707	72	19	51	51	NUM
fsr-3707	72	20	l-523	l-523	NOUN
fsr-3707	72	21	.	.	PUNCT
fsr-3707	73	1	(	(	PUNCT
fsr-3707	73	2	reprinted	reprint	VERB
fsr-3707	73	3	with	with	ADP
fsr-3707	73	4	permission	permission	NOUN
fsr-3707	73	5	of	of	ADP
fsr-3707	73	6	the	the	DET
fsr-3707	73	7	joumal	joumal	NOUN
fsr-3707	73	8	of	of	ADP
fsr-3707	73	9	economic	economic	ADJ
fsr-3707	73	10	literature	literature	NOUN
fsr-3707	73	11	)	)	PUNCT
fsr-3707	73	12	.	.	PUNCT
fsr-3707	74	1	towards	towards	ADP
fsr-3707	74	2	an	an	DET
fsr-3707	74	3	equilibrium	equilibrium	NOUN
fsr-3707	74	4	model	model	NOUN
fsr-3707	74	5	of	of	ADP
fsr-3707	74	6	the	the	DET
fsr-3707	74	7	mutual	mutual	ADJ
fsr-3707	74	8	funds	fund	NOUN
fsr-3707	74	9	industry	industry	NOUN
fsr-3707	74	10	,	,	PUNCT
fsr-3707	74	11	by	by	ADP
fsr-3707	74	12	j.	j.	PROPN
fsr-3707	74	13	dermine	dermine	PROPN
fsr-3707	74	14	,	,	PUNCT
fsr-3707	74	15	d.j	d.j	PROPN
fsr-3707	74	16	.	.	PROPN
fsr-3707	74	17	neven	neven	PROPN
fsr-3707	74	18	and	and	CCONJ
fsr-3707	74	19	j.f	j.f	PROPN
fsr-3707	74	20	.	.	PROPN
fsr-3707	74	21	thisse	thisse	NOUN
fsr-3707	74	22	.	.	PUNCT
fsr-3707	75	1	the	the	DET
fsr-3707	75	2	authors	author	NOUN
fsr-3707	75	3	consider	consider	VERB
fsr-3707	75	4	an	an	DET
fsr-3707	75	5	industry	industry	NOUN
fsr-3707	75	6	in	in	ADP
fsr-3707	75	7	which	which	PRON
fsr-3707	75	8	mutual	mutual	ADJ
fsr-3707	75	9	funds	fund	NOUN
fsr-3707	75	10	can	can	AUX
fsr-3707	75	11	form	form	VERB
fsr-3707	75	12	portfolios	portfolio	NOUN
fsr-3707	75	13	at	at	ADP
fsr-3707	75	14	lower	low	ADJ
fsr-3707	75	15	cost	cost	NOUN
fsr-3707	75	16	than	than	ADP
fsr-3707	75	17	individual	individual	ADJ
fsr-3707	75	18	investors	investor	NOUN
fsr-3707	75	19	.	.	PUNCT
fsr-3707	76	1	investors	investor	NOUN
fsr-3707	76	2	can	can	AUX
fsr-3707	76	3	gather	gather	VERB
fsr-3707	76	4	their	their	PRON
fsr-3707	76	5	own	own	ADJ
fsr-3707	76	6	portfolio	portfolio	NOUN
fsr-3707	76	7	from	from	ADP
fsr-3707	76	8	abstracts	abstract	NOUN
fsr-3707	76	9	of	of	ADP
fsr-3707	76	10	articles	article	NOUN
fsr-3707	76	11	on	on	ADP
fsr-3707	76	12	individual	individual	ADJ
fsr-3707	76	13	fi~~ancial	fi~~ancial	ADJ
fsr-3707	76	14	management	management	NOUN
fsr-3707	76	15	67	67	NUM
fsr-3707	76	16	primary	primary	ADJ
fsr-3707	76	17	securities	security	NOUN
fsr-3707	76	18	and/or	and/or	CCONJ
fsr-3707	76	19	shares	share	NOUN
fsr-3707	76	20	of	of	ADP
fsr-3707	76	21	mutual	mutual	ADJ
fsr-3707	76	22	funds	fund	NOUN
fsr-3707	76	23	.	.	PUNCT
fsr-3707	77	1	in	in	ADP
fsr-3707	77	2	this	this	DET
fsr-3707	77	3	context	context	NOUN
fsr-3707	77	4	,	,	PUNCT
fsr-3707	77	5	the	the	DET
fsr-3707	77	6	authors	author	NOUN
fsr-3707	77	7	model	model	VERB
fsr-3707	77	8	competition	competition	NOUN
fsr-3707	77	9	between	between	ADP
fsr-3707	77	10	mutual	mutual	ADJ
fsr-3707	77	11	funds	fund	NOUN
fsr-3707	77	12	as	as	ADP
fsr-3707	77	13	a	a	DET
fsr-3707	77	14	noncooperative	noncooperative	ADJ
fsr-3707	77	15	game	game	NOUN
fsr-3707	77	16	in	in	ADP
fsr-3707	77	17	which	which	PRON
fsr-3707	77	18	funds	fund	NOUN
fsr-3707	77	19	select	select	VERB
fsr-3707	77	20	their	their	PRON
fsr-3707	77	21	portfolios	portfolio	NOUN
fsr-3707	77	22	.	.	PUNCT
fsr-3707	78	1	they	they	PRON
fsr-3707	78	2	show	show	VERB
fsr-3707	78	3	that	that	SCONJ
fsr-3707	78	4	a	a	DET
fsr-3707	78	5	small	small	ADJ
fsr-3707	78	6	number	number	NOUN
fsr-3707	78	7	of	of	ADP
fsr-3707	78	8	funds	fund	NOUN
fsr-3707	78	9	suffices	suffice	VERB
fsr-3707	78	10	to	to	PART
fsr-3707	78	11	ensure	ensure	VERB
fsr-3707	78	12	a	a	DET
fsr-3707	78	13	pareto	pareto	ADJ
fsr-3707	78	14	superior	superior	ADJ
fsr-3707	78	15	equilibrium	equilibrium	NOUN
fsr-3707	78	16	.	.	PUNCT
fsr-3707	79	1	journal	journal	NOUN
fsr-3707	79	2	of	of	ADP
fsr-3707	79	3	bunking	bunk	VERB
fsr-3707	79	4	finance	finance	NOUN
fsr-3707	79	5	,	,	PUNCT
fsr-3707	79	6	june	june	PROPN
fsr-3707	79	7	1991	1991	NUM
fsr-3707	79	8	,	,	PUNCT
fsr-3707	79	9	15(3	15(3	NUM
fsr-3707	79	10	):	):	PUNCT
fsr-3707	79	11	485499	485499	NUM
fsr-3707	79	12	.	.	PUNCT
fsr-3707	80	1	(	(	PUNCT
fsr-3707	80	2	reprinted	reprint	VERB
fsr-3707	80	3	with	with	ADP
fsr-3707	80	4	permission	permission	NOUN
fsr-3707	80	5	of	of	ADP
fsr-3707	80	6	the	the	DET
fsr-3707	80	7	journal	journal	NOUN
fsr-3707	80	8	of	of	ADP
fsr-3707	80	9	economic	economic	ADJ
fsr-3707	80	10	literature	literature	NOUN
fsr-3707	80	11	)	)	PUNCT
fsr-3707	80	12	.	.	PUNCT
fsr-3707	81	1	portfolio	portfolio	NOUN
fsr-3707	81	2	choice	choice	NOUN
fsr-3707	81	3	and	and	CCONJ
fsr-3707	81	4	risk	risk	NOUN
fsr-3707	81	5	,	,	PUNCT
fsr-3707	81	6	by	by	ADP
fsr-3707	81	7	j.	j.	PROPN
fsr-3707	81	8	encarnacion	encarnacion	PROPN
fsr-3707	81	9	,	,	PUNCT
fsr-3707	81	10	jr	jr	PROPN
fsr-3707	81	11	.	.	PROPN
fsr-3707	81	12	risk	risk	NOUN
fsr-3707	81	13	and	and	CCONJ
fsr-3707	81	14	risk	risk	NOUN
fsr-3707	81	15	aversion	aversion	NOUN
fsr-3707	81	16	are	be	AUX
fsr-3707	81	17	interpreted	interpret	VERB
fsr-3707	81	18	in	in	ADP
fsr-3707	81	19	terms	term	NOUN
fsr-3707	81	20	of	of	ADP
fsr-3707	81	21	a	a	DET
fsr-3707	81	22	lexicographic	lexicographic	ADJ
fsr-3707	81	23	model	model	NOUN
fsr-3707	81	24	of	of	ADP
fsr-3707	81	25	portfolio	portfolio	NOUN
fsr-3707	81	26	choice	choice	NOUN
fsr-3707	81	27	where	where	SCONJ
fsr-3707	81	28	the	the	DET
fsr-3707	81	29	telser	telser	NOUN
fsr-3707	81	30	criterion	criterion	NOUN
fsr-3707	81	31	of	of	ADP
fsr-3707	81	32	expected	expect	VERB
fsr-3707	81	33	value	value	NOUN
fsr-3707	81	34	is	be	AUX
fsr-3707	81	35	maximized	maximize	VERB
fsr-3707	81	36	if	if	SCONJ
fsr-3707	81	37	the	the	DET
fsr-3707	81	38	cramer	cramer	PROPN
fsr-3707	81	39	-	-	PUNCT
fsr-3707	81	40	roy	roy	PROPN
fsr-3707	81	41	safety	safety	NOUN
fsr-3707	81	42	first	first	ADJ
fsr-3707	81	43	criterion	criterion	NOUN
fsr-3707	81	44	is	be	AUX
fsr-3707	81	45	satisfied	satisfied	ADJ
fsr-3707	81	46	,	,	PUNCT
fsr-3707	81	47	whence	whence	ADP
fsr-3707	81	48	less	less	ADJ
fsr-3707	81	49	risk	risk	NOUN
fsr-3707	81	50	aversion	aversion	NOUN
fsr-3707	81	51	or	or	CCONJ
fsr-3707	81	52	more	more	ADJ
fsr-3707	81	53	wealth	wealth	NOUN
fsr-3707	81	54	implies	imply	VERB
fsr-3707	81	55	a	a	DET
fsr-3707	81	56	riskier	risky	ADJ
fsr-3707	81	57	portfolio	portfolio	NOUN
fsr-3707	81	58	and	and	CCONJ
fsr-3707	81	59	a	a	DET
fsr-3707	81	60	higher	high	ADJ
fsr-3707	81	61	return	return	NOUN
fsr-3707	81	62	per	per	ADP
fsr-3707	81	63	dollar	dollar	NOUN
fsr-3707	81	64	,	,	PUNCT
fsr-3707	81	65	and	and	CCONJ
fsr-3707	81	66	the	the	DET
fsr-3707	81	67	asset	asset	NOUN
fsr-3707	81	68	demand	demand	NOUN
fsr-3707	81	69	for	for	ADP
fsr-3707	81	70	money	money	NOUN
fsr-3707	81	71	-	-	PUNCT
fsr-3707	81	72	if	if	SCONJ
fsr-3707	81	73	held	hold	VERB
fsr-3707	81	74	in	in	ADP
fsr-3707	81	75	the	the	DET
fsr-3707	81	76	portfoliois	portfoliois	NOUN
fsr-3707	81	77	less	less	ADV
fsr-3707	81	78	at	at	ADP
fsr-3707	81	79	a	a	DET
fsr-3707	81	80	higher	high	ADJ
fsr-3707	81	81	rate	rate	NOUN
fsr-3707	81	82	of	of	ADP
fsr-3707	81	83	interest	interest	NOUN
fsr-3707	81	84	.	.	PUNCT
fsr-3707	82	1	journal	journal	NOUN
fsr-3707	82	2	of	of	ADP
fsr-3707	82	3	economicbehaviorandorgunization	economicbehaviorandorgunization	NOUN
fsr-3707	82	4	,	,	PUNCT
fsr-3707	82	5	december	december	PROPN
fsr-3707	82	6	1991,16(3	1991,16(3	PROPN
fsr-3707	82	7	):	):	PUNCT
fsr-3707	82	8	347	347	NUM
fsr-3707	82	9	-	-	SYM
fsr-3707	82	10	353	353	NUM
fsr-3707	82	11	.	.	PUNCT
fsr-3707	83	1	(	(	PUNCT
fsr-3707	83	2	reprinted	reprint	VERB
fsr-3707	83	3	with	with	ADP
fsr-3707	83	4	permission	permission	NOUN
fsr-3707	83	5	of	of	ADP
fsr-3707	83	6	the	the	DET
fsr-3707	83	7	journal	journal	NOUN
fsr-3707	83	8	of	of	ADP
fsr-3707	83	9	economic	economic	ADJ
fsr-3707	83	10	literature	literature	NOUN
fsr-3707	83	11	)	)	PUNCT
fsr-3707	83	12	.	.	PUNCT
fsr-3707	84	1	die	die	VERB
fsr-3707	84	2	kommunikationsfunktion	kommunikationsfunktion	NOUN
fsr-3707	84	3	der	der	ADJ
fsr-3707	84	4	finanzmiirkte	finanzmiirkte	NOUN
fsr-3707	84	5	(	(	PUNCT
fsr-3707	84	6	with	with	ADP
fsr-3707	84	7	english	english	PROPN
fsr-3707	84	8	sum	sum	NOUN
fsr-3707	84	9	mary	mary	PROPN
fsr-3707	84	10	)	)	PUNCT
fsr-3707	84	11	,	,	PUNCT
fsr-3707	84	12	by	by	ADP
fsr-3707	84	13	m.	m.	PROPN
fsr-3707	84	14	hellwig	hellwig	PROPN
fsr-3707	84	15	.	.	PUNCT
fsr-3707	85	1	this	this	DET
fsr-3707	85	2	paper	paper	NOUN
fsr-3707	85	3	compares	compare	VERB
fsr-3707	85	4	different	different	ADJ
fsr-3707	85	5	approaches	approach	NOUN
fsr-3707	85	6	to	to	ADP
fsr-3707	85	7	modeling	model	VERB
fsr-3707	85	8	communication	communication	NOUN
fsr-3707	85	9	in	in	ADP
fsr-3707	85	10	financial	financial	ADJ
fsr-3707	85	11	markets	market	NOUN
fsr-3707	85	12	with	with	ADP
fsr-3707	85	13	asymmetric	asymmetric	ADJ
fsr-3707	85	14	information	information	NOUN
fsr-3707	85	15	.	.	PUNCT
fsr-3707	86	1	it	it	PRON
fsr-3707	86	2	appears	appear	VERB
fsr-3707	86	3	that	that	SCONJ
fsr-3707	86	4	market	market	NOUN
fsr-3707	86	5	outcomes	outcome	NOUN
fsr-3707	86	6	do	do	AUX
fsr-3707	86	7	not	not	PART
fsr-3707	86	8	depend	depend	VERB
fsr-3707	86	9	on	on	ADP
fsr-3707	86	10	whether	whether	SCONJ
fsr-3707	86	11	outsiders	outsider	NOUN
fsr-3707	86	12	infer	infer	VERB
fsr-3707	86	13	the	the	DET
fsr-3707	86	14	insiders	insider	NOUN
fsr-3707	86	15	’	’	PART
fsr-3707	86	16	information	information	NOUN
fsr-3707	86	17	directly	directly	ADV
fsr-3707	86	18	from	from	ADP
fsr-3707	86	19	their	their	PRON
fsr-3707	86	20	behavior	behavior	NOUN
fsr-3707	86	21	or	or	CCONJ
fsr-3707	86	22	indirectly	indirectly	ADV
fsr-3707	86	23	from	from	ADP
fsr-3707	86	24	prices	price	NOUN
fsr-3707	86	25	.	.	PUNCT
fsr-3707	87	1	the	the	DET
fsr-3707	87	2	difference	difference	NOUN
fsr-3707	87	3	between	between	ADP
fsr-3707	87	4	selfselection	selfselection	NOUN
fsr-3707	87	5	models	model	NOUN
fsr-3707	87	6	a	a	DET
fsr-3707	87	7	la	la	X
fsr-3707	87	8	leland	leland	PROPN
fsr-3707	87	9	-	-	PUNCT
fsr-3707	87	10	pyle	pyle	PROPN
fsr-3707	87	11	(	(	PUNCT
fsr-3707	87	12	1977	1977	NUM
fsr-3707	87	13	)	)	PUNCT
fsr-3707	87	14	and	and	CCONJ
fsr-3707	87	15	market	market	NOUN
fsr-3707	87	16	models	model	NOUN
fsr-3707	87	17	a	a	DET
fsr-3707	87	18	la	la	X
fsr-3707	87	19	grossman	grossman	NOUN
fsr-3707	87	20	-	-	PUNCT
fsr-3707	87	21	stiglitz	stiglitz	PROPN
fsr-3707	87	22	(	(	PUNCT
fsr-3707	87	23	1980	1980	NUM
fsr-3707	87	24	)	)	PUNCT
fsr-3707	87	25	hinges	hinge	NOUN
fsr-3707	87	26	on	on	ADP
fsr-3707	87	27	whether	whether	SCONJ
fsr-3707	87	28	“	"	PUNCT
fsr-3707	87	29	insiders	insider	NOUN
fsr-3707	87	30	”	"	PUNCT
fsr-3707	87	31	behave	behave	VERB
fsr-3707	87	32	as	as	ADP
fsr-3707	87	33	oligopolists	oligopolist	NOUN
fsr-3707	87	34	or	or	CCONJ
fsr-3707	87	35	as	as	ADP
fsr-3707	87	36	price	price	NOUN
fsr-3707	87	37	takers	taker	NOUN
fsr-3707	87	38	.	.	PUNCT
fsr-3707	88	1	price	price	NOUN
fsr-3707	88	2	taking	taking	NOUN
fsr-3707	88	3	can	can	AUX
fsr-3707	88	4	not	not	PART
fsr-3707	88	5	be	be	AUX
fsr-3707	88	6	justified	justify	VERB
fsr-3707	88	7	strategically	strategically	ADV
fsr-3707	88	8	unless	unless	SCONJ
fsr-3707	88	9	communication	communication	NOUN
fsr-3707	88	10	is	be	AUX
fsr-3707	88	11	perturbed	perturb	VERB
fsr-3707	88	12	by	by	ADP
fsr-3707	88	13	“	"	PUNCT
fsr-3707	88	14	noise	noise	NOUN
fsr-3707	88	15	.	.	PUNCT
fsr-3707	88	16	”	"	PUNCT
fsr-3707	89	1	there	there	PRON
fsr-3707	89	2	is	be	VERB
fsr-3707	89	3	,	,	PUNCT
fsr-3707	89	4	thus	thus	ADV
fsr-3707	89	5	,	,	PUNCT
fsr-3707	89	6	an	an	DET
fsr-3707	89	7	inherent	inherent	ADJ
fsr-3707	89	8	conflict	conflict	NOUN
fsr-3707	89	9	between	between	ADP
fsr-3707	89	10	the	the	DET
fsr-3707	89	11	requirements	requirement	NOUN
fsr-3707	89	12	of	of	ADP
fsr-3707	89	13	information	information	NOUN
fsr-3707	89	14	efficiency	efficiency	NOUN
fsr-3707	89	15	and	and	CCONJ
fsr-3707	89	16	alloca	alloca	NOUN
fsr-3707	89	17	tion	tion	NOUN
fsr-3707	89	18	efficiency	efficiency	NOUN
fsr-3707	89	19	of	of	ADP
fsr-3707	89	20	the	the	DET
fsr-3707	89	21	market	market	NOUN
fsr-3707	89	22	.	.	PUNCT
fsr-3707	90	1	schweizerische	schweizerische	PROPN
fsr-3707	90	2	zeitschrij	zeitschrij	PROPN
fsr-3707	90	3	?	?	PUNCT
fsr-3707	91	1	ftir	ftir	PROPN
fsr-3707	91	2	volkswirtschujl	volkswirtschujl	PROPN
fsr-3707	91	3	und	und	PROPN
fsr-3707	91	4	stutistiwswiss	stutistiwswiss	PROPN
fsr-3707	91	5	journal	journal	PROPN
fsr-3707	91	6	of	of	ADP
fsr-3707	91	7	economics	economic	NOUN
fsr-3707	91	8	and	and	CCONJ
fsr-3707	91	9	statistics	statistic	NOUN
fsr-3707	91	10	,	,	PUNCT
fsr-3707	91	11	september	september	PROPN
fsr-3707	91	12	1991	1991	NUM
fsr-3707	91	13	,	,	PUNCT
fsr-3707	91	14	127(3	127(3	NUM
fsr-3707	91	15	):	):	PUNCT
fsr-3707	91	16	35	35	NUM
fsr-3707	91	17	l-364	l-364	NOUN
fsr-3707	91	18	.	.	PUNCT
fsr-3707	92	1	(	(	PUNCT
fsr-3707	92	2	reprinted	reprint	VERB
fsr-3707	92	3	with	with	ADP
fsr-3707	92	4	permission	permission	NOUN
fsr-3707	92	5	of	of	ADP
fsr-3707	92	6	the	the	DET
fsr-3707	92	7	journal	journal	NOUN
fsr-3707	92	8	of	of	ADP
fsr-3707	92	9	economic	economic	ADJ
fsr-3707	92	10	literature	literature	NOUN
fsr-3707	92	11	)	)	PUNCT
fsr-3707	92	12	.	.	PUNCT
fsr-3707	93	1	tests	test	NOUN
fsr-3707	93	2	of	of	ADP
fsr-3707	93	3	inflation	inflation	NOUN
fsr-3707	93	4	and	and	CCONJ
fsr-3707	93	5	industry	industry	NOUN
fsr-3707	93	6	portfolio	portfolio	NOUN
fsr-3707	93	7	stock	stock	NOUN
fsr-3707	93	8	returns	return	NOUN
fsr-3707	93	9	,	,	PUNCT
fsr-3707	93	10	by	by	ADP
fsr-3707	93	11	k.	k.	PROPN
fsr-3707	93	12	c.	c.	PROPN
fsr-3707	93	13	john	john	PROPN
fsr-3707	93	14	wei	wei	PROPN
fsr-3707	93	15	(	(	PUNCT
fsr-3707	93	16	indiana	indiana	PROPN
fsr-3707	93	17	university	university	PROPN
fsr-3707	93	18	)	)	PUNCT
fsr-3707	93	19	and	and	CCONJ
fsr-3707	93	20	k.	k.	PROPN
fsr-3707	93	21	matthew	matthew	PROPN
fsr-3707	93	22	wong	wong	PROPN
fsr-3707	93	23	(	(	PUNCT
fsr-3707	93	24	st	st	PROPN
fsr-3707	93	25	.	.	PROPN
fsr-3707	93	26	john	john	PROPN
fsr-3707	93	27	’s	’s	PROPN
fsr-3707	93	28	university	university	PROPN
fsr-3707	93	29	)	)	PUNCT
fsr-3707	93	30	.	.	PUNCT
fsr-3707	94	1	this	this	DET
fsr-3707	94	2	study	study	NOUN
fsr-3707	94	3	examines	examine	VERB
fsr-3707	94	4	the	the	DET
fsr-3707	94	5	relationship	relationship	NOUN
fsr-3707	94	6	between	between	ADP
fsr-3707	94	7	stock	stock	NOUN
fsr-3707	94	8	returns	return	NOUN
fsr-3707	94	9	and	and	CCONJ
fsr-3707	94	10	inflation	inflation	NOUN
fsr-3707	94	11	across	across	ADP
fsr-3707	94	12	19	19	NUM
fsr-3707	94	13	industry	industry	NOUN
fsr-3707	94	14	sectors	sector	NOUN
fsr-3707	94	15	during	during	ADP
fsr-3707	94	16	the	the	DET
fsr-3707	94	17	preand	preand	NOUN
fsr-3707	94	18	post	post	ADJ
fsr-3707	94	19	-	-	ADJ
fsr-3707	94	20	world	world	ADJ
fsr-3707	94	21	war	war	PROPN
fsr-3707	94	22	ii	ii	PROPN
fsr-3707	94	23	periods	period	NOUN
fsr-3707	94	24	.	.	PUNCT
fsr-3707	95	1	the	the	DET
fsr-3707	95	2	results	result	NOUN
fsr-3707	95	3	in	in	ADP
fsr-3707	95	4	the	the	DET
fsr-3707	95	5	postwar	postwar	ADJ
fsr-3707	95	6	period	period	NOUN
fsr-3707	95	7	suggest	suggest	VERB
fsr-3707	95	8	that	that	SCONJ
fsr-3707	95	9	the	the	DET
fsr-3707	95	10	proxy	proxy	ADJ
fsr-3707	95	11	hypothesis	hypothesis	NOUN
fsr-3707	95	12	can	can	AUX
fsr-3707	95	13	explain	explain	VERB
fsr-3707	95	14	the	the	DET
fsr-3707	95	15	spurious	spurious	ADJ
fsr-3707	95	16	negative	negative	ADJ
fsr-3707	95	17	relationship	relationship	NOUN
fsr-3707	95	18	between	between	ADP
fsr-3707	95	19	stock	stock	NOUN
fsr-3707	95	20	returns	return	NOUN
fsr-3707	95	21	and	and	CCONJ
fsr-3707	95	22	expected	expect	VERB
fsr-3707	95	23	inflation	inflation	NOUN
fsr-3707	95	24	in	in	ADP
fsr-3707	95	25	all	all	DET
fsr-3707	95	26	industries	industry	NOUN
fsr-3707	95	27	,	,	PUNCT
fsr-3707	95	28	but	but	CCONJ
fsr-3707	95	29	not	not	PART
fsr-3707	95	30	the	the	DET
fsr-3707	95	31	negative	negative	ADJ
fsr-3707	95	32	relationship	relationship	NOUN
fsr-3707	95	33	between	between	ADP
fsr-3707	95	34	stock	stock	NOUN
fsr-3707	95	35	returns	return	NOUN
fsr-3707	95	36	and	and	CCONJ
fsr-3707	95	37	unexpected	unexpected	ADJ
fsr-3707	95	38	inflation	inflation	NOUN
fsr-3707	95	39	in	in	ADP
fsr-3707	95	40	non	non	ADJ
fsr-3707	95	41	-	-	ADJ
fsr-3707	95	42	natural	natural	ADJ
fsr-3707	95	43	-	-	PUNCT
fsr-3707	95	44	resource	resource	NOUN
fsr-3707	95	45	industries	industry	NOUN
fsr-3707	95	46	.	.	PUNCT
fsr-3707	96	1	we	we	PRON
fsr-3707	96	2	find	find	VERB
fsr-3707	96	3	little	little	ADJ
fsr-3707	96	4	evidence	evidence	NOUN
fsr-3707	96	5	supporting	support	VERB
fsr-3707	96	6	the	the	DET
fsr-3707	96	7	nominal	nominal	ADJ
fsr-3707	96	8	68	68	NUM
fsr-3707	96	9	financial	financial	ADJ
fsr-3707	96	10	services	service	NOUN
fsr-3707	96	11	review	review	NOUN
fsr-3707	96	12	,	,	PUNCT
fsr-3707	96	13	2(l	2(l	NUM
fsr-3707	96	14	)	)	PUNCT
fsr-3707	96	15	1992(3!493	1992(3!493	NUM
fsr-3707	96	16	contracting	contracting	NOUN
fsr-3707	96	17	hypothesis	hypothesis	NOUN
fsr-3707	96	18	.	.	PUNCT
fsr-3707	97	1	also	also	ADV
fsr-3707	97	2	,	,	PUNCT
fsr-3707	97	3	the	the	DET
fsr-3707	97	4	expected	expect	VERB
fsr-3707	97	5	inflation	inflation	NOUN
fsr-3707	97	6	/	/	SYM
fsr-3707	97	7	returns	return	NOUN
fsr-3707	97	8	sensitivity	sensitivity	NOUN
fsr-3707	97	9	appears	appear	VERB
fsr-3707	97	10	to	to	PART
fsr-3707	97	11	be	be	AUX
fsr-3707	97	12	positively	positively	ADV
fsr-3707	97	13	related	relate	VERB
fsr-3707	97	14	to	to	ADP
fsr-3707	97	15	the	the	DET
fsr-3707	97	16	level	level	NOUN
fsr-3707	97	17	of	of	ADP
fsr-3707	97	18	real	real	ADJ
fsr-3707	97	19	assets	asset	NOUN
fsr-3707	97	20	,	,	PUNCT
fsr-3707	97	21	but	but	CCONJ
fsr-3707	97	22	negatively	negatively	ADV
fsr-3707	97	23	related	relate	VERB
fsr-3707	97	24	to	to	ADP
fsr-3707	97	25	debt	debt	NOUN
fsr-3707	97	26	ratio	ratio	NOUN
fsr-3707	97	27	during	during	ADP
fsr-3707	97	28	the	the	DET
fsr-3707	97	29	postwar	postwar	ADJ
fsr-3707	97	30	period	period	NOUN
fsr-3707	97	31	.	.	PUNCT
fsr-3707	98	1	journal	journal	NOUN
fsr-3707	98	2	of	of	ADP
fsr-3707	98	3	economics	economic	NOUN
fsr-3707	98	4	and	and	CCONJ
fsr-3707	98	5	business	business	NOUN
fsr-3707	98	6	,	,	PUNCT
fsr-3707	98	7	february	february	PROPN
fsr-3707	98	8	1992	1992	NUM
fsr-3707	98	9	,	,	PUNCT
fsr-3707	98	10	44	44	NUM
fsr-3707	98	11	(	(	PUNCT
fsr-3707	98	12	1	1	NUM
fsr-3707	98	13	):	):	PUNCT
fsr-3707	98	14	77	77	NUM
fsr-3707	98	15	-	-	SYM
fsr-3707	98	16	94	94	NUM
fsr-3707	98	17	.	.	PUNCT
fsr-3707	99	1	(	(	PUNCT
fsr-3707	99	2	reprinted	reprint	VERB
fsr-3707	99	3	with	with	ADP
fsr-3707	99	4	permission	permission	NOUN
fsr-3707	99	5	of	of	ADP
fsr-3707	99	6	north	north	NOUN
fsr-3707	99	7	-	-	PUNCT
fsr-3707	99	8	holland	holland	PROPN
fsr-3707	99	9	publishing	publishing	PROPN
fsr-3707	99	10	company	company	NOUN
fsr-3707	99	11	)	)	PUNCT
fsr-3707	99	12	.	.	PUNCT
fsr-3707	100	1	ein	ein	PROPN
fsr-3707	100	2	interuationales	interuationale	VERB
fsr-3707	100	3	kapitahnarktmodelt	kapitahnarktmodelt	PROPN
fsr-3707	100	4	mit	mit	PROPN
fsr-3707	100	5	unterschiedlich	unterschiedlich	PROPN
fsr-3707	100	6	infor	infor	PROPN
fsr-3707	100	7	mierten	mierten	VERB
fsr-3707	100	8	aniegeru	aniegeru	NOUN
fsr-3707	100	9	(	(	PUNCT
fsr-3707	100	10	with	with	ADP
fsr-3707	100	11	english	english	PROPN
fsr-3707	100	12	summary	summary	NOUN
fsr-3707	100	13	)	)	PUNCT
fsr-3707	100	14	,	,	PUNCT
fsr-3707	100	15	by	by	ADP
fsr-3707	100	16	t.	t.	NOUN
fsr-3707	100	17	gehrig	gehrig	PROPN
fsr-3707	100	18	.	.	PUNCT
fsr-3707	101	1	international	international	ADJ
fsr-3707	101	2	portfolio	portfolio	NOUN
fsr-3707	101	3	diversification	diversification	NOUN
fsr-3707	101	4	seems	seem	VERB
fsr-3707	101	5	rather	rather	ADV
fsr-3707	101	6	limited	limited	ADJ
fsr-3707	101	7	.	.	PUNCT
fsr-3707	102	1	while	while	SCONJ
fsr-3707	102	2	there	there	PRON
fsr-3707	102	3	may	may	AUX
fsr-3707	102	4	be	be	AUX
fsr-3707	102	5	a	a	DET
fsr-3707	102	6	long	long	ADJ
fsr-3707	102	7	list	list	NOUN
fsr-3707	102	8	of	of	ADP
fsr-3707	102	9	potential	potential	ADJ
fsr-3707	102	10	mutually	mutually	ADV
fsr-3707	102	11	compatible	compatible	ADJ
fsr-3707	102	12	explanations	explanation	NOUN
fsr-3707	102	13	,	,	PUNCT
fsr-3707	102	14	this	this	DET
fsr-3707	102	15	paper	paper	NOUN
fsr-3707	102	16	provides	provide	VERB
fsr-3707	102	17	another	another	DET
fsr-3707	102	18	often	often	ADV
fsr-3707	102	19	neglected	neglect	VERB
fsr-3707	102	20	but	but	CCONJ
fsr-3707	102	21	important	important	ADJ
fsr-3707	102	22	factor	factor	NOUN
fsr-3707	102	23	:	:	PUNCT
fsr-3707	102	24	investors	investor	NOUN
fsr-3707	102	25	*	*	PUNCT
fsr-3707	102	26	information	information	NOUN
fsr-3707	102	27	structure	structure	NOUN
fsr-3707	102	28	.	.	PUNCT
fsr-3707	103	1	it	it	PRON
fsr-3707	103	2	is	be	AUX
fsr-3707	103	3	argued	argue	VERB
fsr-3707	103	4	that	that	SCONJ
fsr-3707	103	5	,	,	PUNCT
fsr-3707	103	6	in	in	ADP
fsr-3707	103	7	general	general	ADJ
fsr-3707	103	8	,	,	PUNCT
fsr-3707	103	9	the	the	DET
fsr-3707	103	10	asymmetry	asymmetry	NOUN
fsr-3707	103	11	of	of	ADP
fsr-3707	103	12	information	information	NOUN
fsr-3707	103	13	renders	render	VERB
fsr-3707	103	14	foreign	foreign	ADJ
fsr-3707	103	15	stock	stock	NOUN
fsr-3707	103	16	holdings	holding	NOUN
fsr-3707	103	17	relatively	relatively	ADV
fsr-3707	103	18	mote	mote	VERB
fsr-3707	103	19	risky	risky	ADJ
fsr-3707	103	20	than	than	ADP
fsr-3707	103	21	domestic	domestic	ADJ
fsr-3707	103	22	equity	equity	NOUN
fsr-3707	103	23	.	.	PUNCT
fsr-3707	104	1	accordingly	accordingly	ADV
fsr-3707	104	2	,	,	PUNCT
fsr-3707	104	3	investors	investor	NOUN
fsr-3707	104	4	*	*	PUNCT
fsr-3707	104	5	portfolio	portfolio	NOUN
fsr-3707	104	6	exhibit	exhibit	VERB
fsr-3707	104	7	a	a	DET
fsr-3707	104	8	bias	bias	NOUN
fsr-3707	104	9	toward	toward	ADP
fsr-3707	104	10	domestic	domestic	ADJ
fsr-3707	104	11	stock	stock	NOUN
fsr-3707	104	12	.	.	PUNCT
fsr-3707	105	1	schweizerische	schweizerische	NOUN
fsr-3707	105	2	zeitschriftflr	zeitschriftflr	PROPN
fsr-3707	105	3	vokswirtschaft	vokswirtschaft	PROPN
fsr-3707	105	4	und	und	PROPN
fsr-3707	105	5	statistik	statistik	PROPN
fsr-3707	105	6	/	/	SYM
fsr-3707	105	7	swiss	swiss	PROPN
fsr-3707	105	8	journal	journal	NOUN
fsr-3707	105	9	of	of	ADP
fsr-3707	105	10	economics	economic	NOUN
fsr-3707	105	11	and	and	CCONJ
fsr-3707	105	12	statistics	statistic	NOUN
fsr-3707	105	13	,	,	PUNCT
fsr-3707	105	14	september	september	PROPN
fsr-3707	105	15	1991	1991	NUM
fsr-3707	105	16	,	,	PUNCT
fsr-3707	105	17	127(3	127(3	NUM
fsr-3707	105	18	):	):	PUNCT
fsr-3707	105	19	617	617	NUM
fsr-3707	105	20	-	-	SYM
fsr-3707	105	21	629	629	NUM
fsr-3707	105	22	.	.	PUNCT
fsr-3707	106	1	(	(	PUNCT
fsr-3707	106	2	reprinted	reprint	VERB
fsr-3707	106	3	with	with	ADP
fsr-3707	106	4	permission	permission	NOUN
fsr-3707	106	5	of	of	ADP
fsr-3707	106	6	the	the	DET
fsr-3707	106	7	journal	journal	NOUN
fsr-3707	106	8	of	of	ADP
fsr-3707	106	9	economic	economic	ADJ
fsr-3707	106	10	literature	literature	NOUN
fsr-3707	106	11	)	)	PUNCT
fsr-3707	106	12	.	.	PUNCT
fsr-3707	107	1	internationai	internationai	ADJ
fsr-3707	107	2	asset	asset	NOUN
fsr-3707	107	3	pricing	pricing	NOUN
fsr-3707	107	4	and	and	CCONJ
fsr-3707	107	5	equity	equity	NOUN
fsr-3707	107	6	market	market	NOUN
fsr-3707	107	7	risk	risk	NOUN
fsr-3707	107	8	,	,	PUNCT
fsr-3707	107	9	by	by	ADP
fsr-3707	107	10	tc	tc	PROPN
fsr-3707	107	11	.	.	PUNCT
fsr-3707	107	12	chiang	chiang	PROPN
fsr-3707	107	13	.	.	PUNCT
fsr-3707	108	1	this	this	DET
fsr-3707	108	2	paper	paper	NOUN
fsr-3707	108	3	presents	present	VERB
fsr-3707	108	4	a	a	DET
fsr-3707	108	5	model	model	NOUN
fsr-3707	108	6	to	to	PART
fsr-3707	108	7	examine	examine	VERB
fsr-3707	108	8	the	the	DET
fsr-3707	108	9	behavioral	behavioral	ADJ
fsr-3707	108	10	relationship	relationship	NOUN
fsr-3707	108	11	between	between	ADP
fsr-3707	108	12	the	the	DET
fsr-3707	108	13	excess	excess	ADJ
fsr-3707	108	14	returns	return	NOUN
fsr-3707	108	15	of	of	ADP
fsr-3707	108	16	foreign	foreign	ADJ
fsr-3707	108	17	exchange	exchange	NOUN
fsr-3707	108	18	and	and	CCONJ
fsr-3707	108	19	the	the	DET
fsr-3707	108	20	variables	variable	NOUN
fsr-3707	108	21	that	that	PRON
fsr-3707	108	22	measure	measure	VERB
fsr-3707	108	23	risk	risk	NOUN
fsr-3707	108	24	factor	factor	NOUN
fsr-3707	108	25	.	.	PUNCT
fsr-3707	109	1	the	the	DET
fsr-3707	109	2	test	test	NOUN
fsr-3707	109	3	results	result	NOUN
fsr-3707	109	4	of	of	ADP
fsr-3707	109	5	four	four	NUM
fsr-3707	109	6	major	major	ADJ
fsr-3707	109	7	currencies	currency	NOUN
fsr-3707	109	8	support	support	VERB
fsr-3707	109	9	the	the	DET
fsr-3707	109	10	hypothesis	hypothesis	NOUN
fsr-3707	109	11	that	that	PRON
fsr-3707	109	12	the	the	DET
fsr-3707	109	13	excess	excess	ADJ
fsr-3707	109	14	exchange	exchange	NOUN
fsr-3707	109	15	returns	return	NOUN
fsr-3707	109	16	are	be	AUX
fsr-3707	109	17	related	relate	VERB
fsr-3707	109	18	to	to	ADP
fsr-3707	109	19	the	the	DET
fsr-3707	109	20	relative	relative	ADJ
fsr-3707	109	21	risks	risk	NOUN
fsr-3707	109	22	of	of	ADP
fsr-3707	109	23	the	the	DET
fsr-3707	109	24	two	two	NUM
fsr-3707	109	25	national	national	ADJ
fsr-3707	109	26	equity	equity	NOUN
fsr-3707	109	27	markets	market	NOUN
fsr-3707	109	28	.	.	PUNCT
fsr-3707	110	1	the	the	DET
fsr-3707	110	2	evidence	evidence	NOUN
fsr-3707	110	3	validates	validate	VERB
fsr-3707	110	4	the	the	DET
fsr-3707	110	5	existence	existence	NOUN
fsr-3707	110	6	of	of	ADP
fsr-3707	110	7	a	a	DET
fsr-3707	110	8	risk	risk	NOUN
fsr-3707	110	9	premium	premium	NOUN
fsr-3707	110	10	in	in	ADP
fsr-3707	110	11	foreign	foreign	ADJ
fsr-3707	110	12	exchange	exchange	NOUN
fsr-3707	110	13	markets	market	NOUN
fsr-3707	110	14	.	.	PUNCT
fsr-3707	111	1	journal	journal	NOUN
fsr-3707	111	2	of	of	ADP
fsr-3707	111	3	international	international	ADJ
fsr-3707	111	4	money	money	NOUN
fsr-3707	111	5	and	and	CCONJ
fsr-3707	111	6	finance	finance	NOUN
fsr-3707	111	7	,	,	PUNCT
fsr-3707	111	8	september	september	PROPN
fsr-3707	111	9	1992	1992	NUM
fsr-3707	111	10	,	,	PUNCT
fsr-3707	111	11	lo(3	lo(3	NOUN
fsr-3707	111	12	):	):	PUNCT
fsr-3707	111	13	349	349	NUM
fsr-3707	111	14	-	-	SYM
fsr-3707	111	15	364	364	NUM
fsr-3707	111	16	.	.	PUNCT
fsr-3707	112	1	(	(	PUNCT
fsr-3707	112	2	reprinted	reprint	VERB
fsr-3707	112	3	with	with	ADP
fsr-3707	112	4	permission	permission	NOUN
fsr-3707	112	5	of	of	ADP
fsr-3707	112	6	the	the	DET
fsr-3707	112	7	.toumul	.toumul	NOUN
fsr-3707	112	8	of	of	ADP
fsr-3707	112	9	economic	economic	ADJ
fsr-3707	112	10	~terature	~terature	NOUN
fsr-3707	112	11	)	)	PUNCT
fsr-3707	112	12	.	.	PUNCT
fsr-3707	113	1	evoiution	evoiution	NOUN
fsr-3707	113	2	in	in	ADP
fsr-3707	113	3	dynamic	dynamic	ADJ
fsr-3707	113	4	linkages	linkage	NOUN
fsr-3707	113	5	across	across	ADP
fsr-3707	113	6	daily	daily	ADJ
fsr-3707	113	7	national	national	ADJ
fsr-3707	113	8	stock	stock	NOUN
fsr-3707	113	9	indexes	index	NOUN
fsr-3707	113	10	,	,	PUNCT
fsr-3707	113	11	by	by	ADP
fsr-3707	113	12	p.d	p.d	PROPN
fsr-3707	113	13	.	.	PROPN
fsr-3707	113	14	koch	koch	PROPN
fsr-3707	113	15	and	and	CCONJ
fsr-3707	113	16	t.w	t.w	PROPN
fsr-3707	113	17	.	.	PROPN
fsr-3707	113	18	koch	koch	PROPN
fsr-3707	113	19	.	.	PUNCT
fsr-3707	114	1	this	this	DET
fsr-3707	114	2	article	article	NOUN
fsr-3707	114	3	investigates	investigate	VERB
fsr-3707	114	4	how	how	SCONJ
fsr-3707	114	5	dynamic	dynamic	ADJ
fsr-3707	114	6	linkages	linkage	NOUN
fsr-3707	114	7	among	among	ADP
fsr-3707	114	8	the	the	DET
fsr-3707	114	9	daily	daily	ADJ
fsr-3707	114	10	rates	rate	NOUN
fsr-3707	114	11	of	of	ADP
fsr-3707	114	12	return	return	NOUN
fsr-3707	114	13	of	of	ADP
fsr-3707	114	14	eight	eight	NUM
fsr-3707	114	15	national	national	ADJ
fsr-3707	114	16	stock	stock	NOUN
fsr-3707	114	17	indexes	index	NOUN
fsr-3707	114	18	that	that	PRON
fsr-3707	114	19	evolved	evolve	VERB
fsr-3707	114	20	since	since	SCONJ
fsr-3707	114	21	1972	1972	NUM
fsr-3707	114	22	.	.	PUNCT
fsr-3707	115	1	a	a	DET
fsr-3707	115	2	dynamic	dynamic	ADJ
fsr-3707	115	3	simultaneous	simultaneous	ADJ
fsr-3707	115	4	equations	equation	NOUN
fsr-3707	115	5	model	model	NOUN
fsr-3707	115	6	is	be	AUX
fsr-3707	115	7	estimated	estimate	VERB
fsr-3707	115	8	to	to	PART
fsr-3707	115	9	describe	describe	VERB
fsr-3707	115	10	the	the	DET
fsr-3707	115	11	contemporaneous	contemporaneous	ADJ
fsr-3707	115	12	and	and	CCONJ
fsr-3707	115	13	lead	lead	ADJ
fsr-3707	115	14	/	/	SYM
fsr-3707	115	15	lag	lag	NOUN
fsr-3707	115	16	mlation	mlation	NOUN
fsr-3707	115	17	ships	ship	NOUN
fsr-3707	115	18	across	across	ADP
fsr-3707	115	19	national	national	ADJ
fsr-3707	115	20	equity	equity	NOUN
fsr-3707	115	21	markets	market	NOUN
fsr-3707	115	22	over	over	ADP
fsr-3707	115	23	three	three	NUM
fsr-3707	115	24	different	different	ADJ
fsr-3707	115	25	years	year	NOUN
fsr-3707	115	26	:	:	PUNCT
fsr-3707	115	27	1972	1972	NUM
fsr-3707	115	28	,	,	PUNCT
fsr-3707	115	29	1980	1980	NUM
fsr-3707	115	30	,	,	PUNCT
fsr-3707	115	31	and	and	CCONJ
fsr-3707	115	32	1987	1987	NUM
fsr-3707	115	33	.	.	PUNCT
fsr-3707	116	1	results	result	NOUN
fsr-3707	116	2	reveal	reveal	VERB
fsr-3707	116	3	growing	grow	VERB
fsr-3707	116	4	market	market	NOUN
fsr-3707	116	5	interdependence	interdependence	NOUN
fsr-3707	116	6	within	within	ADP
fsr-3707	116	7	the	the	DET
fsr-3707	116	8	same	same	ADJ
fsr-3707	116	9	geographical	geographical	ADJ
fsr-3707	116	10	region	region	NOUN
fsr-3707	116	11	over	over	ADP
fsr-3707	116	12	time	time	NOUN
fsr-3707	116	13	.	.	PUNCT
fsr-3707	117	1	while	while	SCONJ
fsr-3707	117	2	there	there	PRON
fsr-3707	117	3	are	be	VERB
fsr-3707	117	4	many	many	ADJ
fsr-3707	117	5	significant	significant	ADJ
fsr-3707	117	6	intermarket	intermarket	NOUN
fsr-3707	117	7	relationships	relationship	NOUN
fsr-3707	117	8	within	within	ADP
fsr-3707	117	9	the	the	DET
fsr-3707	117	10	same	same	ADJ
fsr-3707	117	11	twenty	twenty	NUM
fsr-3707	117	12	-	-	PUNCT
fsr-3707	117	13	fog	fog	NOUN
fsr-3707	117	14	-	-	PUNCT
fsr-3707	117	15	hour	hour	NOUN
fsr-3707	117	16	period	period	NOUN
fsr-3707	117	17	,	,	PUNCT
fsr-3707	117	18	there	there	PRON
fsr-3707	117	19	are	be	VERB
fsr-3707	117	20	few	few	ADJ
fsr-3707	117	21	signi	signi	ADJ
fsr-3707	117	22	~	~	PUNCT
fsr-3707	117	23	cant	cant	NOUN
fsr-3707	117	24	lagged	lag	VERB
fsr-3707	117	25	responses	response	NOUN
fsr-3707	117	26	across	across	ADP
fsr-3707	117	27	markets	market	NOUN
fsr-3707	117	28	beyond	beyond	ADP
fsr-3707	117	29	twenty	twenty	NUM
fsr-3707	117	30	-	-	PUNCT
fsr-3707	117	31	four	four	NUM
fsr-3707	117	32	hours	hour	NOUN
fsr-3707	117	33	.	.	PUNCT
fsr-3707	118	1	this	this	PRON
fsr-3707	118	2	suggests	suggest	VERB
fsr-3707	118	3	a	a	DET
fsr-3707	118	4	high	high	ADJ
fsr-3707	118	5	degree	degree	NOUN
fsr-3707	118	6	of	of	ADP
fsr-3707	118	7	inter	inter	ADJ
fsr-3707	118	8	national	national	ADJ
fsr-3707	118	9	market	market	NOUN
fsr-3707	118	10	efficiency	efficiency	NOUN
fsr-3707	118	11	.	.	PUNCT
fsr-3707	119	1	furthermore	furthermore	ADV
fsr-3707	119	2	,	,	PUNCT
fsr-3707	119	3	japan	japan	PROPN
fsr-3707	119	4	’s	’s	PART
fsr-3707	119	5	market	market	NOUN
fsr-3707	119	6	influence	influence	NOUN
fsr-3707	119	7	has	have	AUX
fsr-3707	119	8	been	be	AUX
fsr-3707	119	9	growing	grow	VERB
fsr-3707	119	10	to	to	PART
fsr-3707	119	11	rival	rival	VERB
fsr-3707	119	12	that	that	PRON
fsr-3707	119	13	of	of	ADP
fsr-3707	119	14	the	the	DET
fsr-3707	119	15	united	united	PROPN
fsr-3707	119	16	states	states	PROPN
fsr-3707	119	17	.	.	PUNCT
fsr-3707	120	1	journal	journal	PROPN
fsr-3707	120	2	of	of	ADP
fsr-3707	120	3	znternationaz	znternationaz	PROPN
fsr-3707	120	4	money	money	NOUN
fsr-3707	120	5	and	and	CCONJ
fsr-3707	120	6	abs&acts	abs&act	NOUN
fsr-3707	120	7	of	of	ADP
fsr-3707	120	8	artbks	artbks	NOUN
fsr-3707	120	9	on	on	ADP
fsr-3707	120	10	lndividuai	lndividuai	PROPN
fsr-3707	120	11	financial	financial	ADJ
fsr-3707	120	12	munagement	munagement	NOUN
fsr-3707	120	13	69	69	NUM
fsr-3707	120	14	finaracq	finaracq	PROPN
fsr-3707	120	15	june	june	PROPN
fsr-3707	120	16	1991,10(2	1991,10(2	PROPN
fsr-3707	120	17	):	):	PUNCT
fsr-3707	120	18	23	23	NUM
fsr-3707	120	19	1	1	NUM
fsr-3707	120	20	-	-	SYM
fsr-3707	120	21	25	25	NUM
fsr-3707	120	22	1	1	NUM
fsr-3707	120	23	,	,	PUNCT
fsr-3707	120	24	(	(	PUNCT
fsr-3707	120	25	repented	repent	VERB
fsr-3707	120	26	with	with	ADP
fsr-3707	120	27	permission	permission	NOUN
fsr-3707	120	28	of	of	ADP
fsr-3707	120	29	the	the	DET
fsr-3707	120	30	~o~~a~	~o~~a~	X
fsr-3707	120	31	0fecooumic	0fecooumic	ADJ
fsr-3707	120	32	~terat	~terat	NUM
fsr-3707	120	33	~	~	SYM
fsr-3707	120	34	re~	re~	PROPN
fsr-3707	120	35	_	_	NOUN
fsr-3707	120	36	real	real	ADJ
fsr-3707	120	37	esx+ate	esx+ate	VERB
fsr-3707	120	38	financing	financing	NOUN
fsr-3707	120	39	and	and	CCONJ
fsr-3707	120	40	investing	investing	NOUN
fsr-3707	120	41	prix	prix	NOUN
fsr-3707	120	42	et	et	NOUN
fsr-3707	120	43	rendements	rendement	NOUN
fsr-3707	120	44	immobiliers	immobilier	NOUN
fsr-3707	120	45	:	:	PUNCT
fsr-3707	120	46	construction	construction	NOUN
fsr-3707	120	47	d%uiices	d%uiices	PROPN
fsr-3707	120	48	pour	pour	VERB
fsr-3707	120	49	les	les	PROPN
fsr-3707	120	50	an&s	an&s	PROPN
fsr-3707	120	51	1980	1980	NUM
fsr-3707	120	52	(	(	PUNCT
fsr-3707	120	53	with	with	ADP
fsr-3707	120	54	english	english	PROPN
fsr-3707	120	55	summary	summary	NOUN
fsr-3707	120	56	)	)	PUNCT
fsr-3707	120	57	,	,	PUNCT
fsr-3707	120	58	by	by	ADP
fsr-3707	120	59	c.	c.	PROPN
fsr-3707	120	60	zimmermarm	zimmermarm	PROPN
fsr-3707	120	61	.	.	PUNCT
fsr-3707	121	1	an	an	DET
fsr-3707	121	2	index	index	NOUN
fsr-3707	121	3	of	of	ADP
fsr-3707	121	4	real	real	ADJ
fsr-3707	121	5	estate	estate	NOUN
fsr-3707	121	6	prices	price	NOUN
fsr-3707	121	7	based	base	VERB
fsr-3707	121	8	on	on	ADP
fsr-3707	121	9	the	the	DET
fsr-3707	121	10	obviation	obviation	NOUN
fsr-3707	121	11	of	of	ADP
fsr-3707	121	12	the	the	DET
fsr-3707	121	13	stock	stock	NOUN
fsr-3707	121	14	prices	price	NOUN
fsr-3707	121	15	of	of	ADP
fsr-3707	121	16	estate	estate	NOUN
fsr-3707	121	17	mutual	mutual	ADJ
fsr-3707	121	18	fimds	fimds	NOUN
fsr-3707	121	19	is	be	AUX
fsr-3707	121	20	computed	compute	VERB
fsr-3707	121	21	for	for	ADP
fsr-3707	121	22	the	the	DET
fsr-3707	121	23	years	year	NOUN
fsr-3707	121	24	1980	1980	NUM
fsr-3707	121	25	to	to	ADP
fsr-3707	121	26	1989	1989	NUM
fsr-3707	121	27	.	.	PUNCT
fsr-3707	122	1	with	with	ADP
fsr-3707	122	2	i.9	i.9	PROPN
fsr-3707	122	3	percent	percent	NOUN
fsr-3707	122	4	a	a	DET
fsr-3707	122	5	year	year	NOUN
fsr-3707	122	6	,	,	PUNCT
fsr-3707	122	7	the	the	DET
fsr-3707	122	8	prices	price	NOUN
fsr-3707	122	9	have	have	AUX
fsr-3707	122	10	not	not	PART
fsr-3707	122	11	risen	rise	VERB
fsr-3707	122	12	as	as	ADV
fsr-3707	122	13	much	much	ADV
fsr-3707	122	14	as	as	ADP
fsr-3707	122	15	many	many	ADJ
fsr-3707	122	16	thought	thought	NOUN
fsr-3707	122	17	.	.	PUNCT
fsr-3707	123	1	this	this	DET
fsr-3707	123	2	index	index	NOUN
fsr-3707	123	3	is	be	AUX
fsr-3707	123	4	compared	compare	VERB
fsr-3707	123	5	to	to	ADP
fsr-3707	123	6	the	the	DET
fsr-3707	123	7	price	price	NOUN
fsr-3707	123	8	of	of	ADP
fsr-3707	123	9	land	land	NOUN
fsr-3707	123	10	and	and	CCONJ
fsr-3707	123	11	to	to	ADP
fsr-3707	123	12	the	the	DET
fsr-3707	123	13	costs	cost	NOUN
fsr-3707	123	14	of	of	ADP
fsr-3707	123	15	residential	residential	ADJ
fsr-3707	123	16	construction	construction	NOUN
fsr-3707	123	17	,	,	PUNCT
fsr-3707	123	18	allowing	allow	VERB
fsr-3707	123	19	to	to	PART
fsr-3707	123	20	confirm	confirm	VERB
fsr-3707	123	21	that	that	SCONJ
fsr-3707	123	22	the	the	DET
fsr-3707	123	23	rent	rent	NOUN
fsr-3707	123	24	market	market	NOUN
fsr-3707	123	25	is	be	AUX
fsr-3707	123	26	constrained	constrain	VERB
fsr-3707	123	27	.	.	PUNCT
fsr-3707	124	1	the	the	DET
fsr-3707	124	2	average	average	ADJ
fsr-3707	124	3	earning	earning	NOUN
fsr-3707	124	4	from	from	ADP
fsr-3707	124	5	real	real	ADJ
fsr-3707	124	6	estate	estate	NOUN
fsr-3707	124	7	(	(	PUNCT
fsr-3707	124	8	6.5	6.5	NUM
fsr-3707	124	9	percent	percent	NOUN
fsr-3707	124	10	)	)	PUNCT
fsr-3707	124	11	is	be	AUX
fsr-3707	124	12	slightly	slightly	ADV
fsr-3707	124	13	higher	high	ADJ
fsr-3707	124	14	than	than	ADP
fsr-3707	124	15	the	the	DET
fsr-3707	124	16	theoretical	theoretical	ADJ
fsr-3707	124	17	earning	earning	NOUN
fsr-3707	124	18	from	from	ADP
fsr-3707	124	19	capm	capm	PROPN
fsr-3707	124	20	(	(	PUNCT
fsr-3707	124	21	5.05	5.05	NUM
fsr-3707	124	22	percent	percent	NOUN
fsr-3707	124	23	)	)	PUNCT
fsr-3707	124	24	,	,	PUNCT
fsr-3707	124	25	which	which	PRON
fsr-3707	124	26	may	may	AUX
fsr-3707	124	27	augur	augur	VERB
fsr-3707	124	28	future	future	ADJ
fsr-3707	124	29	price	price	NOUN
fsr-3707	124	30	decreases	decrease	NOUN
fsr-3707	124	31	.	.	PUNCT
fsr-3707	125	1	~chweizer	~chweizer	PRON
fsr-3707	125	2	~	~	SYM
fsr-3707	125	3	c	c	X
fsr-3707	125	4	~	~	SYM
fsr-3707	125	5	e	e	X
fsr-3707	125	6	~itsc	~itsc	ADP
fsr-3707	125	7	~	~	SYM
fsr-3707	125	8	r~~	r~~	NOUN
fsr-3707	125	9	fir	fir	NOUN
fsr-3707	125	10	vo~~irts~~~	vo~~irts~~~	NOUN
fsr-3707	125	11	und	und	VERB
fsr-3707	125	12	statistiwswiss	statistiwswiss	PROPN
fsr-3707	125	13	journal	journal	PROPN
fsr-3707	125	14	of	of	ADP
fsr-3707	125	15	economics	economic	NOUN
fsr-3707	125	16	and	and	CCONJ
fsr-3707	125	17	statistics	statistic	NOUN
fsr-3707	125	18	,	,	PUNCT
fsr-3707	125	19	december	december	PROPN
fsr-3707	125	20	199	199	NUM
fsr-3707	125	21	1	1	NUM
fsr-3707	125	22	,	,	PUNCT
fsr-3707	125	23	127(4	127(4	NUM
fsr-3707	125	24	):	):	PUNCT
fsr-3707	125	25	73	73	NUM
fsr-3707	125	26	%	%	NOUN
fsr-3707	125	27	753	753	NUM
fsr-3707	125	28	.	.	PUNCT
fsr-3707	125	29	(	(	PUNCT
fsr-3707	125	30	reprinted	reprint	VERB
fsr-3707	125	31	with	with	ADP
fsr-3707	125	32	permission	permission	NOUN
fsr-3707	125	33	of	of	ADP
fsr-3707	125	34	the	the	DET
fsr-3707	125	35	journal	journal	NOUN
fsr-3707	125	36	of	of	ADP
fsr-3707	125	37	economic	economic	ADJ
fsr-3707	125	38	literature	literature	NOUN
fsr-3707	125	39	)	)	PUNCT
fsr-3707	125	40	.	.	PUNCT
fsr-3707	126	1	fiied	fiie	VERB
fsr-3707	126	2	versus	versus	ADP
fsr-3707	126	3	variabk	variabk	NOUN
fsr-3707	126	4	rate	rate	NOUN
fsr-3707	126	5	financing	financing	NOUN
fsr-3707	126	6	:	:	PUNCT
fsr-3707	126	7	the	the	DET
fsr-3707	126	8	influence	influence	NOUN
fsr-3707	126	9	of	of	ADP
fsr-3707	126	10	borrower9	borrower9	NOUN
fsr-3707	126	11	lender	lender	PROPN
fsr-3707	126	12	,	,	PUNCT
fsr-3707	126	13	and	and	CCONJ
fsr-3707	126	14	market	market	NOUN
fsr-3707	126	15	characteristics	characteristic	NOUN
fsr-3707	126	16	,	,	PUNCT
fsr-3707	126	17	by	by	ADP
fsr-3707	126	18	lawrence	lawrence	PROPN
fsr-3707	126	19	g.	g.	PROPN
fsr-3707	126	20	goldberg	goldberg	PROPN
fsr-3707	126	21	and	and	CCONJ
fsr-3707	126	22	andrea	andrea	PROPN
fsr-3707	126	23	j.	j.	PROPN
fsr-3707	126	24	heusen	heusen	PROPN
fsr-3707	126	25	(	(	PUNCT
fsr-3707	126	26	university	university	PROPN
fsr-3707	126	27	of	of	ADP
fsr-3707	126	28	miami	miami	PROPN
fsr-3707	126	29	)	)	PUNCT
fsr-3707	126	30	.	.	PUNCT
fsr-3707	127	1	previous	previous	ADJ
fsr-3707	127	2	research	research	NOUN
fsr-3707	127	3	has	have	AUX
fsr-3707	127	4	analyzed	analyze	VERB
fsr-3707	127	5	the	the	DET
fsr-3707	127	6	problem	problem	NOUN
fsr-3707	127	7	faced	face	VERB
fsr-3707	127	8	by	by	ADP
fsr-3707	127	9	borrowers	borrower	NOUN
fsr-3707	127	10	who	who	PRON
fsr-3707	127	11	must	must	AUX
fsr-3707	127	12	choose	choose	VERB
fsr-3707	127	13	between	between	ADP
fsr-3707	127	14	fixed	fix	VERB
fsr-3707	127	15	rate	rate	NOUN
fsr-3707	127	16	and	and	CCONJ
fsr-3707	127	17	variable	variable	ADJ
fsr-3707	127	18	rate	rate	NOUN
fsr-3707	127	19	loans	loan	NOUN
fsr-3707	127	20	when	when	SCONJ
fsr-3707	127	21	each	each	DET
fsr-3707	127	22	loan	loan	NOUN
fsr-3707	127	23	carries	carry	VERB
fsr-3707	127	24	different	different	ADJ
fsr-3707	127	25	cost	cost	NOUN
fsr-3707	127	26	and	and	CCONJ
fsr-3707	127	27	riskcharacteristics	riskcharacteristic	NOUN
fsr-3707	127	28	and	and	CCONJ
fsr-3707	127	29	the	the	DET
fsr-3707	127	30	borrowers	borrower	NOUN
fsr-3707	127	31	face	face	VERB
fsr-3707	127	32	various	various	ADJ
fsr-3707	127	33	income	income	NOUN
fsr-3707	127	34	and	and	CCONJ
fsr-3707	127	35	employment	employment	NOUN
fsr-3707	127	36	prospects	prospect	NOUN
fsr-3707	127	37	.	.	PUNCT
fsr-3707	128	1	in	in	ADP
fsr-3707	128	2	addition	addition	NOUN
fsr-3707	128	3	,	,	PUNCT
fsr-3707	128	4	the	the	DET
fsr-3707	128	5	existing	exist	VERB
fsr-3707	128	6	literature	literature	NOUN
fsr-3707	128	7	contains	contain	VERB
fsr-3707	128	8	theoretical	theoretical	ADJ
fsr-3707	128	9	and	and	CCONJ
fsr-3707	128	10	empirical	empirical	ADJ
fsr-3707	128	11	studies	study	NOUN
fsr-3707	128	12	of	of	ADP
fsr-3707	128	13	how	how	SCONJ
fsr-3707	128	14	lenders	lender	NOUN
fsr-3707	128	15	react	react	VERB
fsr-3707	128	16	when	when	SCONJ
fsr-3707	128	17	given	give	VERB
fsr-3707	128	18	the	the	DET
fsr-3707	128	19	ability	ability	NOUN
fsr-3707	128	20	to	to	PART
fsr-3707	128	21	offer	offer	VERB
fsr-3707	128	22	both	both	DET
fsr-3707	128	23	fixed	fix	VERB
fsr-3707	128	24	and	and	CCONJ
fsr-3707	128	25	variable	variable	ADJ
fsr-3707	128	26	rate	rate	NOUN
fsr-3707	128	27	financing	financing	NOUN
fsr-3707	128	28	.	.	PUNCT
fsr-3707	129	1	this	this	DET
fsr-3707	129	2	article	article	NOUN
fsr-3707	129	3	unifies	unify	VERB
fsr-3707	129	4	the	the	DET
fsr-3707	129	5	two	two	NUM
fsr-3707	129	6	strands	strand	NOUN
fsr-3707	129	7	of	of	ADP
fsr-3707	129	8	reseamh	reseamh	NOUN
fsr-3707	129	9	to	to	PART
fsr-3707	129	10	develop	develop	VERB
fsr-3707	129	11	and	and	CCONJ
fsr-3707	129	12	test	test	VERB
fsr-3707	129	13	a	a	DET
fsr-3707	129	14	model	model	NOUN
fsr-3707	129	15	of	of	ADP
fsr-3707	129	16	the	the	DET
fsr-3707	129	17	equilib	equilib	PROPN
fsr-3707	129	18	~	~	PROPN
fsr-3707	129	19	um	um	INTJ
fsr-3707	129	20	pro~~on	pro~~on	PROPN
fsr-3707	129	21	of	of	ADP
fsr-3707	129	22	variable	variable	ADJ
fsr-3707	129	23	rate	rate	NOUN
fsr-3707	129	24	lending	lending	NOUN
fsr-3707	129	25	.	.	PUNCT
fsr-3707	130	1	results	result	NOUN
fsr-3707	130	2	indicate	indicate	VERB
fsr-3707	130	3	that	that	SCONJ
fsr-3707	130	4	factors	factor	NOUN
fsr-3707	130	5	related	relate	VERB
fsr-3707	130	6	to	to	ADP
fsr-3707	130	7	borrower	borrower	NOUN
fsr-3707	130	8	,	,	PUNCT
fsr-3707	130	9	lender	lender	NOUN
fsr-3707	130	10	,	,	PUNCT
fsr-3707	130	11	and	and	CCONJ
fsr-3707	130	12	market	market	NOUN
fsr-3707	130	13	characteristics	characteristic	NOUN
fsr-3707	130	14	are	be	AUX
fsr-3707	130	15	significant	significant	ADJ
fsr-3707	130	16	deter	deter	NOUN
fsr-3707	130	17	minants	minant	NOUN
fsr-3707	130	18	of	of	ADP
fsr-3707	130	19	the	the	DET
fsr-3707	130	20	equilibrium	equilibrium	NOUN
fsr-3707	130	21	proportion	proportion	NOUN
fsr-3707	130	22	of	of	ADP
fsr-3707	130	23	variable	variable	ADJ
fsr-3707	130	24	rate	rate	NOUN
fsr-3707	130	25	credit	credit	NOUN
fsr-3707	130	26	originated	originate	VERB
fsr-3707	130	27	.	.	PUNCT
fsr-3707	131	1	journal	journal	NOUN
fsr-3707	131	2	of	of	ADP
fsr-3707	131	3	financial	financial	ADJ
fsr-3707	131	4	services	service	NOUN
fsr-3707	131	5	research	research	NOUN
fsr-3707	131	6	,	,	PUNCT
fsr-3707	131	7	may	may	PROPN
fsr-3707	131	8	1992	1992	NUM
fsr-3707	131	9	,	,	PUNCT
fsr-3707	131	10	1	1	NUM
fsr-3707	131	11	:	:	SYM
fsr-3707	131	12	49	49	NUM
fsr-3707	131	13	-	-	SYM
fsr-3707	131	14	60	60	NUM
fsr-3707	131	15	.	.	PUNCT
fsr-3707	132	1	(	(	PUNCT
fsr-3707	132	2	reprinted	reprint	VERB
fsr-3707	132	3	with	with	ADP
fsr-3707	132	4	permission	permission	NOUN
fsr-3707	132	5	of	of	ADP
fsr-3707	132	6	kluwer	kluwer	NOUN
fsr-3707	132	7	academic	academic	ADJ
fsr-3707	132	8	~blishers	~blisher	NOUN
fsr-3707	132	9	)	)	PUNCT
fsr-3707	132	10	.	.	PUNCT
fsr-3707	133	1	the	the	DET
fsr-3707	133	2	refstionship	refstionship	NOUN
fsr-3707	133	3	between	between	ADP
fsr-3707	133	4	the	the	DET
fsr-3707	133	5	demand	demand	NOUN
fsr-3707	133	6	and	and	CCONJ
fsr-3707	133	7	supply	supply	NOUN
fsr-3707	133	8	of	of	ADP
fsr-3707	133	9	home	home	NOUN
fsr-3707	133	10	financ	financ	PROPN
fsr-3707	133	11	ing	ing	ADJ
fsr-3707	133	12	and	and	CCONJ
fsr-3707	133	13	neighborhood	neighborhood	NOUN
fsr-3707	133	14	characteristics	characteristic	NOUN
fsr-3707	133	15	:	:	PUNCT
fsr-3707	133	16	an	an	DET
fsr-3707	133	17	empirical	empirical	ADJ
fsr-3707	133	18	study	study	NOUN
fsr-3707	133	19	of	of	ADP
fsr-3707	133	20	mort	mort	PROPN
fsr-3707	133	21	gage	gage	PROPN
fsr-3707	133	22	racy	racy	NOUN
fsr-3707	133	23	,	,	PUNCT
fsr-3707	133	24	by	by	ADP
fsr-3707	133	25	george	george	PROPN
fsr-3707	133	26	j.	j.	PROPN
fsr-3707	133	27	benston	benston	PROPN
fsr-3707	133	28	(	(	PUNCT
fsr-3707	133	29	emory	emory	PROPN
fsr-3707	133	30	university~	university~	PROPN
fsr-3707	133	31	and	and	CCONJ
fsr-3707	133	32	dan	dan	PROPN
fsr-3707	133	33	horsky	horsky	PROPN
fsr-3707	133	34	(	(	PUNCT
fsr-3707	133	35	universi~	universi~	PROPN
fsr-3707	133	36	of	of	ADP
fsr-3707	133	37	rochester	rochester	PROPN
fsr-3707	133	38	)	)	PUNCT
fsr-3707	133	39	.	.	PUNCT
fsr-3707	134	1	70	70	NUM
fsr-3707	134	2	financial	financial	ADJ
fsr-3707	134	3	services	service	NOUN
fsr-3707	134	4	review	review	NOUN
fsr-3707	134	5	,	,	PUNCT
fsr-3707	134	6	2(l	2(l	NUM
fsr-3707	134	7	)	)	PUNCT
fsr-3707	134	8	1992j1993	1992j1993	NOUN
fsr-3707	134	9	in	in	ADP
fsr-3707	134	10	this	this	DET
fsr-3707	134	11	study	study	NOUN
fsr-3707	134	12	the	the	DET
fsr-3707	134	13	hypothesis	hypothesis	NOUN
fsr-3707	134	14	that	that	PRON
fsr-3707	134	15	central	central	ADJ
fsr-3707	134	16	cities	city	NOUN
fsr-3707	134	17	are	be	AUX
fsr-3707	134	18	“	"	PUNCT
fsr-3707	134	19	redlined	redline	VERB
fsr-3707	134	20	”	"	PUNCT
fsr-3707	134	21	was	be	AUX
fsr-3707	134	22	tested	test	VERB
fsr-3707	134	23	with	with	ADP
fsr-3707	134	24	data	datum	NOUN
fsr-3707	134	25	gathered	gather	VERB
fsr-3707	134	26	from	from	ADP
fsr-3707	134	27	three	three	NUM
fsr-3707	134	28	separate	separate	ADJ
fsr-3707	134	29	central	central	ADJ
fsr-3707	134	30	city	city	NOUN
fsr-3707	134	31	and	and	CCONJ
fsr-3707	134	32	matching	match	VERB
fsr-3707	134	33	city	city	NOUN
fsr-3707	134	34	-	-	PUNCT
fsr-3707	134	35	suburban	suburban	ADJ
fsr-3707	134	36	areas	area	NOUN
fsr-3707	134	37	.	.	PUNCT
fsr-3707	135	1	potentially	potentially	ADV
fsr-3707	135	2	unmet	unmet	NOUN
fsr-3707	135	3	mortgage	mortgage	NOUN
fsr-3707	135	4	demand	demand	NOUN
fsr-3707	135	5	was	be	AUX
fsr-3707	135	6	estimated	estimate	VERB
fsr-3707	135	7	from	from	ADP
fsr-3707	135	8	interviews	interview	NOUN
fsr-3707	135	9	of	of	ADP
fsr-3707	135	10	people	people	NOUN
fsr-3707	135	11	who	who	PRON
fsr-3707	135	12	tried	try	VERB
fsr-3707	135	13	unsuccessfully	unsuccessfully	ADV
fsr-3707	135	14	to	to	PART
fsr-3707	135	15	sell	sell	VERB
fsr-3707	135	16	their	their	PRON
fsr-3707	135	17	homes	home	NOUN
fsr-3707	135	18	.	.	PUNCT
fsr-3707	136	1	a	a	DET
fsr-3707	136	2	hedonic	hedonic	ADJ
fsr-3707	136	3	price	price	NOUN
fsr-3707	136	4	function	function	NOUN
fsr-3707	136	5	revealed	reveal	VERB
fsr-3707	136	6	that	that	SCONJ
fsr-3707	136	7	these	these	DET
fsr-3707	136	8	owners	owner	NOUN
fsr-3707	136	9	did	do	AUX
fsr-3707	136	10	not	not	PART
fsr-3707	136	11	“	"	PUNCT
fsr-3707	136	12	overprice	overprice	ADJ
fsr-3707	136	13	”	"	PUNCT
fsr-3707	136	14	their	their	PRON
fsr-3707	136	15	homes	home	NOUN
fsr-3707	136	16	.	.	PUNCT
fsr-3707	137	1	however	however	ADV
fsr-3707	137	2	,	,	PUNCT
fsr-3707	137	3	they	they	PRON
fsr-3707	137	4	did	do	AUX
fsr-3707	137	5	not	not	PART
fsr-3707	137	6	attribute	attribute	VERB
fsr-3707	137	7	their	their	PRON
fsr-3707	137	8	inability	inability	NOUN
fsr-3707	137	9	to	to	PART
fsr-3707	137	10	sell	sell	VERB
fsr-3707	137	11	to	to	ADP
fsr-3707	137	12	potential	potential	ADJ
fsr-3707	137	13	buyers	buyer	NOUN
fsr-3707	137	14	’	’	PART
fsr-3707	137	15	problems	problem	NOUN
fsr-3707	137	16	with	with	ADP
fsr-3707	137	17	financial	financial	ADJ
fsr-3707	137	18	institutions	institution	NOUN
fsr-3707	137	19	.	.	PUNCT
fsr-3707	138	1	a	a	DET
fsr-3707	138	2	logit	logit	NOUN
fsr-3707	138	3	analysis	analysis	NOUN
fsr-3707	138	4	of	of	ADP
fsr-3707	138	5	data	datum	NOUN
fsr-3707	138	6	provided	provide	VERB
fsr-3707	138	7	by	by	ADP
fsr-3707	138	8	home	home	NOUN
fsr-3707	138	9	buyers	buyer	NOUN
fsr-3707	138	10	showed	show	VERB
fsr-3707	138	11	that	that	SCONJ
fsr-3707	138	12	individuals	individual	NOUN
fsr-3707	138	13	bought	buy	VERB
fsr-3707	138	14	in	in	ADP
fsr-3707	138	15	the	the	DET
fsr-3707	138	16	areas	area	NOUN
fsr-3707	138	17	they	they	PRON
fsr-3707	138	18	preferred	prefer	VERB
fsr-3707	138	19	.	.	PUNCT
fsr-3707	139	1	we	we	PRON
fsr-3707	139	2	also	also	ADV
fsr-3707	139	3	found	find	VERB
fsr-3707	139	4	that	that	SCONJ
fsr-3707	139	5	central	central	ADJ
fsr-3707	139	6	city	city	NOUN
fsr-3707	139	7	and	and	CCONJ
fsr-3707	139	8	city	city	NOUN
fsr-3707	139	9	-	-	PUNCT
fsr-3707	139	10	suburban	suburban	ADJ
fsr-3707	139	11	home	home	NOUN
fsr-3707	139	12	buyers	buyer	NOUN
fsr-3707	139	13	got	get	VERB
fsr-3707	139	14	the	the	DET
fsr-3707	139	15	type	type	NOUN
fsr-3707	139	16	of	of	ADP
fsr-3707	139	17	mortgage	mortgage	NOUN
fsr-3707	139	18	they	they	PRON
fsr-3707	139	19	wanted	want	VERB
fsr-3707	139	20	at	at	ADP
fsr-3707	139	21	market	market	NOUN
fsr-3707	139	22	terms	term	NOUN
fsr-3707	139	23	and	and	CCONJ
fsr-3707	139	24	home	home	NOUN
fsr-3707	139	25	owners	owner	NOUN
fsr-3707	139	26	in	in	ADP
fsr-3707	139	27	both	both	DET
fsr-3707	139	28	areas	area	NOUN
fsr-3707	139	29	had	have	VERB
fsr-3707	139	30	no	no	DET
fsr-3707	139	31	di	di	NOUN
fsr-3707	139	32	~	~	NOUN
fsr-3707	139	33	cul~	cul~	NOUN
fsr-3707	139	34	in	in	ADP
fsr-3707	139	35	fm	fm	NOUN
fsr-3707	139	36	~	~	NOUN
fsr-3707	139	37	c	c	SYM
fsr-3707	139	38	~	~	PUNCT
fsr-3707	139	39	g	g	NOUN
fsr-3707	139	40	home	home	NOUN
fsr-3707	139	41	repairs	repair	NOUN
fsr-3707	139	42	.	.	PUNCT
fsr-3707	140	1	joumal	joumal	ADJ
fsr-3707	140	2	offs	off	NOUN
fsr-3707	140	3	sentices	sentice	VERB
fsr-3707	140	4	rtseurch	rtseurch	NOUN
fsr-3707	140	5	r;ebntary	r;ebntary	NOUN
fsr-3707	140	6	1992,5(3	1992,5(3	NUM
fsr-3707	140	7	):	):	PUNCT
fsr-3707	140	8	235	235	NUM
fsr-3707	140	9	-	-	SYM
fsr-3707	140	10	260	260	NUM
fsr-3707	140	11	.	.	PUNCT
fsr-3707	141	1	(	(	PUNCT
fsr-3707	141	2	reprinted	reprint	VERB
fsr-3707	141	3	with	with	ADP
fsr-3707	141	4	permission	permission	NOUN
fsr-3707	141	5	of	of	ADP
fsr-3707	141	6	kluwer	kluwer	NOUN
fsr-3707	141	7	academic	academic	ADJ
fsr-3707	141	8	publishers	publisher	NOUN
fsr-3707	141	9	)	)	PUNCT
fsr-3707	141	10	.	.	PUNCT
fsr-3707	142	1	a	a	DET
fsr-3707	142	2	general	general	ADJ
fsr-3707	142	3	equilibrium	equilibrium	NOUN
fsr-3707	142	4	model	model	NOUN
fsr-3707	142	5	of	of	ADP
fsr-3707	142	6	housing	housing	NOUN
fsr-3707	142	7	,	,	PUNCT
fsr-3707	142	8	taxes	taxis	NOUN
fsr-3707	142	9	,	,	PUNCT
fsr-3707	142	10	aud	aud	PROPN
fsr-3707	142	11	portfolio	portfolio	PROPN
fsr-3707	142	12	choice	choice	PROPN
fsr-3707	142	13	,	,	PUNCT
fsr-3707	142	14	by	by	ADP
fsr-3707	142	15	james	james	PROPN
fsr-3707	142	16	berkovec	berkovec	PROPN
fsr-3707	142	17	(	(	PUNCT
fsr-3707	142	18	federal	federal	PROPN
fsr-3707	142	19	reserve	reserve	PROPN
fsr-3707	142	20	board	board	PROPN
fsr-3707	142	21	)	)	PUNCT
fsr-3707	142	22	and	and	CCONJ
fsr-3707	142	23	don	don	PROPN
fsr-3707	142	24	fullerton	fullerton	PROPN
fsr-3707	142	25	(	(	PUNCT
fsr-3707	142	26	university	university	PROPN
fsr-3707	142	27	of	of	ADP
fsr-3707	142	28	virginia	virginia	PROPN
fsr-3707	142	29	and	and	CCONJ
fsr-3707	142	30	carnegie	carnegie	PROPN
fsr-3707	142	31	mellon	mellon	PROPN
fsr-3707	142	32	university	university	PROPN
fsr-3707	142	33	)	)	PUNCT
fsr-3707	142	34	.	.	PUNCT
fsr-3707	143	1	we	we	PRON
fsr-3707	143	2	describe	describe	VERB
fsr-3707	143	3	a	a	DET
fsr-3707	143	4	model	model	NOUN
fsr-3707	143	5	in	in	ADP
fsr-3707	143	6	which	which	PRON
fsr-3707	143	7	rental	rental	ADJ
fsr-3707	143	8	and	and	CCONJ
fsr-3707	143	9	owner	owner	NOUN
fsr-3707	143	10	housing	housing	NOUN
fsr-3707	143	11	are	be	AUX
fsr-3707	143	12	risky	risky	ADJ
fsr-3707	143	13	assets	asset	NOUN
fsr-3707	143	14	,	,	PUNCT
fsr-3707	143	15	tenure	tenure	NOUN
fsr-3707	143	16	choice	choice	NOUN
fsr-3707	143	17	is	be	AUX
fsr-3707	143	18	endogenous	endogenous	ADJ
fsr-3707	143	19	,	,	PUNCT
fsr-3707	143	20	and	and	CCONJ
fsr-3707	143	21	each	each	DET
fsr-3707	143	22	household	household	NOUN
fsr-3707	143	23	is	be	AUX
fsr-3707	143	24	constrained	constrain	VERB
fsr-3707	143	25	to	to	PART
fsr-3707	143	26	consume	consume	VERB
fsr-3707	143	27	the	the	DET
fsr-3707	143	28	same	same	ADJ
fsr-3707	143	29	amount	amount	NOUN
fsr-3707	143	30	of	of	ADP
fsr-3707	143	31	owner	owner	NOUN
fsr-3707	143	32	housing	housing	NOUN
fsr-3707	143	33	that	that	SCONJ
fsr-3707	143	34	it	it	PRON
fsr-3707	143	35	has	have	VERB
fsr-3707	143	36	in	in	ADP
fsr-3707	143	37	its	its	PRON
fsr-3707	143	38	investment	investment	NOUN
fsr-3707	143	39	portfolio	portfolio	NOUN
fsr-3707	143	40	.	.	PUNCT
fsr-3707	144	1	at	at	ADP
fsr-3707	144	2	each	each	DET
fsr-3707	144	3	iteration	iteration	NOUN
fsr-3707	144	4	in	in	ADP
fsr-3707	144	5	the	the	DET
fsr-3707	144	6	search	search	NOUN
fsr-3707	144	7	for	for	ADP
fsr-3707	144	8	an	an	DET
fsr-3707	144	9	equilibrium	equilibrium	NOUN
fsr-3707	144	10	,	,	PUNCT
fsr-3707	144	11	we	we	PRON
fsr-3707	144	12	determine	determine	VERB
fsr-3707	144	13	the	the	DET
fsr-3707	144	14	new	new	ADJ
fsr-3707	144	15	taxable	taxable	ADJ
fsr-3707	144	16	income	income	NOUN
fsr-3707	144	17	for	for	ADP
fsr-3707	144	18	each	each	PRON
fsr-3707	144	19	of	of	ADP
fsr-3707	144	20	3,578	3,578	NUM
fsr-3707	144	21	households	household	NOUN
fsr-3707	144	22	(	(	PUNCT
fsr-3707	144	23	from	from	ADP
fsr-3707	144	24	the	the	DET
fsr-3707	144	25	survey	survey	NOUN
fsr-3707	144	26	of	of	ADP
fsr-3707	144	27	consumer	consumer	NOUN
fsr-3707	144	28	finances	finance	NOUN
fsr-3707	144	29	)	)	PUNCT
fsr-3707	144	30	,	,	PUNCT
fsr-3707	144	31	and	and	CCONJ
fsr-3707	144	32	we	we	PRON
fsr-3707	144	33	use	use	VERB
fsr-3707	144	34	statutory	statutory	ADJ
fsr-3707	144	35	schedules	schedule	NOUN
fsr-3707	144	36	to	to	PART
fsr-3707	144	37	find	find	VERB
fsr-3707	144	38	the	the	DET
fsr-3707	144	39	marginal	marginal	ADJ
fsr-3707	144	40	rate	rate	NOUN
fsr-3707	144	41	and	and	CCONJ
fsr-3707	144	42	tax	tax	NOUN
fsr-3707	144	43	paid	pay	VERB
fsr-3707	144	44	.	.	PUNCT
fsr-3707	145	1	equilibrium	equilibrium	NOUN
fsr-3707	145	2	net	net	ADJ
fsr-3707	145	3	rates	rate	NOUN
fsr-3707	145	4	of	of	ADP
fsr-3707	145	5	return	return	NOUN
fsr-3707	145	6	are	be	AUX
fsr-3707	145	7	major	major	ADJ
fsr-3707	145	8	dete~~ants	dete~~ant	NOUN
fsr-3707	145	9	of	of	ADP
fsr-3707	145	10	the	the	DET
fsr-3707	145	11	amount	amount	NOUN
fsr-3707	145	12	of	of	ADP
fsr-3707	145	13	owner	owner	NOUN
fsr-3707	145	14	housing	housing	NOUN
fsr-3707	145	15	,	,	PUNCT
fsr-3707	145	16	but	but	CCONJ
fsr-3707	145	17	a	a	DET
fsr-3707	145	18	logit	logit	NOUN
fsr-3707	145	19	model	model	NOUN
fsr-3707	145	20	indicates	indicate	VERB
fsr-3707	145	21	that	that	SCONJ
fsr-3707	145	22	demographic	demographic	ADJ
fsr-3707	145	23	factors	factor	NOUN
fsr-3707	145	24	are	be	AUX
fsr-3707	145	25	the	the	DET
fsr-3707	145	26	main	main	ADJ
fsr-3707	145	27	determinants	determinant	NOUN
fsr-3707	145	28	of	of	ADP
fsr-3707	145	29	ownership	ownership	NOUN
fsr-3707	145	30	rates	rate	NOUN
fsr-3707	145	31	.	.	PUNCT
fsr-3707	146	1	in	in	ADP
fsr-3707	146	2	our	our	PRON
fsr-3707	146	3	simula	simula	PROPN
fsr-3707	146	4	tion	tion	NOUN
fsr-3707	146	5	,	,	PUNCT
fsr-3707	146	6	taxes	taxis	NOUN
fsr-3707	146	7	on	on	ADP
fsr-3707	146	8	owner	owner	NOUN
fsr-3707	146	9	housing	housing	NOUN
fsr-3707	146	10	would	would	AUX
fsr-3707	146	11	raise	raise	VERB
fsr-3707	146	12	welfare	welfare	NOUN
fsr-3707	146	13	not	not	PART
fsr-3707	146	14	only	only	ADV
fsr-3707	146	15	by	by	ADP
fsr-3707	146	16	reallocating	reallocate	VERB
fsr-3707	146	17	capital	capital	NOUN
fsr-3707	146	18	but	but	CCONJ
fsr-3707	146	19	also	also	ADV
fsr-3707	146	20	by	by	ADP
fsr-3707	146	21	the	the	DET
fsr-3707	146	22	government	government	NOUN
fsr-3707	146	23	’s	’s	ADV
fsr-3707	146	24	taking	take	VERB
fsr-3707	146	25	part	part	NOUN
fsr-3707	146	26	of	of	ADP
fsr-3707	146	27	the	the	DET
fsr-3707	146	28	risk	risk	NOUN
fsr-3707	146	29	from	from	ADP
fsr-3707	146	30	individual	individual	ADJ
fsr-3707	146	31	properties	property	NOUN
fsr-3707	146	32	and	and	CCONJ
fsr-3707	146	33	diversifying	diversify	VERB
fsr-3707	146	34	it	it	PRON
fsr-3707	146	35	away	away	ADV
fsr-3707	146	36	.	.	PUNCT
fsr-3707	147	1	measures	measure	NOUN
fsr-3707	147	2	to	to	PART
fsr-3707	147	3	disallow	disallow	VERB
fsr-3707	147	4	property	property	NOUN
fsr-3707	147	5	tax	tax	NOUN
fsr-3707	147	6	or	or	CCONJ
fsr-3707	147	7	mortgage	mortgage	NOUN
fsr-3707	147	8	interest	interest	NOUN
fsr-3707	147	9	deduc	deduc	PROPN
fsr-3707	147	10	tions	tion	NOUN
fsr-3707	147	11	do	do	AUX
fsr-3707	147	12	not	not	PART
fsr-3707	147	13	help	help	VERB
fsr-3707	147	14	share	share	VERB
fsr-3707	147	15	this	this	DET
fsr-3707	147	16	risk	risk	NOUN
fsr-3707	147	17	.	.	PUNCT
fsr-3707	148	1	simulations	simulation	NOUN
fsr-3707	148	2	of	of	ADP
fsr-3707	148	3	the	the	DET
fsr-3707	148	4	1986	1986	NUM
fsr-3707	148	5	tax	tax	NOUN
fsr-3707	148	6	reform	reform	NOUN
fsr-3707	148	7	indicate	indicate	VERB
fsr-3707	148	8	a	a	DET
fsr-3707	148	9	small	small	ADJ
fsr-3707	148	10	shift	shift	NOUN
fsr-3707	148	11	from	from	ADP
fsr-3707	148	12	rental	rental	NOUN
fsr-3707	148	13	to	to	ADP
fsr-3707	148	14	owner	owner	NOUN
fsr-3707	148	15	housing	housing	NOUN
fsr-3707	148	16	and	and	CCONJ
fsr-3707	148	17	welfare	welfare	NOUN
fsr-3707	148	18	gains	gain	NOUN
fsr-3707	148	19	from	from	ADP
fsr-3707	148	20	reallocating	reallocate	VERB
fsr-3707	148	21	risk	risk	NOUN
fsr-3707	148	22	.	.	PUNCT
fsr-3707	149	1	journuf	journuf	PROPN
fsr-3707	149	2	o~~~zitic~1	o~~~zitic~1	PROPN
fsr-3707	149	3	~co~~y	~co~~y	NOUN
fsr-3707	149	4	,	,	PUNCT
fsr-3707	149	5	april	april	PROPN
fsr-3707	149	6	1992,100(2	1992,100(2	NUM
fsr-3707	149	7	):	):	PUNCT
fsr-3707	149	8	390429	390429	NUM
fsr-3707	149	9	.	.	PUNCT
fsr-3707	150	1	(	(	PUNCT
fsr-3707	150	2	repined	repine	VERB
fsr-3707	150	3	with	with	ADP
fsr-3707	150	4	permission	permission	NOUN
fsr-3707	150	5	of	of	ADP
fsr-3707	150	6	the	the	DET
fsr-3707	150	7	university	university	PROPN
fsr-3707	150	8	of	of	ADP
fsr-3707	150	9	chicago	chicago	PROPN
fsr-3707	150	10	press	press	PROPN
fsr-3707	150	11	)	)	PUNCT
fsr-3707	150	12	.	.	PUNCT
fsr-3707	151	1	statistical	statistical	ADJ
fsr-3707	151	2	methodology	methodology	NOUN
fsr-3707	151	3	generalized	generalize	VERB
fsr-3707	151	4	bankruptcy	bankruptcy	NOUN
fsr-3707	151	5	models	model	NOUN
fsr-3707	151	6	applied	apply	VERB
fsr-3707	151	7	to	to	ADP
fsr-3707	151	8	predicting	predict	VERB
fsr-3707	151	9	consumer	consumer	NOUN
fsr-3707	151	10	credit	credit	NOUN
fsr-3707	151	11	behavior	behavior	NOUN
fsr-3707	151	12	,	,	PUNCT
fsr-3707	151	13	by	by	ADP
fsr-3707	151	14	darral	darral	PROPN
fsr-3707	151	15	g.	g.	PROPN
fsr-3707	151	16	clarke	clarke	PROPN
fsr-3707	151	17	and	and	CCONJ
fsr-3707	151	18	james	james	PROPN
fsr-3707	151	19	b.	b.	PROPN
fsr-3707	151	20	mcdonald	mcdonald	PROPN
fsr-3707	151	21	(	(	PUNCT
fsr-3707	151	22	b	b	X
fsr-3707	151	23	~	~	PUNCT
fsr-3707	151	24	gham	gham	PROPN
fsr-3707	151	25	young	young	ADJ
fsr-3707	151	26	university	university	NOUN
fsr-3707	151	27	)	)	PUNCT
fsr-3707	151	28	.	.	PUNCT
fsr-3707	152	1	although	although	SCONJ
fsr-3707	152	2	it	it	PRON
fsr-3707	152	3	is	be	AUX
fsr-3707	152	4	well	well	ADV
fsr-3707	152	5	known	know	VERB
fsr-3707	152	6	that	that	SCONJ
fsr-3707	152	7	many	many	ADJ
fsr-3707	152	8	financial	financial	ADJ
fsr-3707	152	9	variables	variable	NOUN
fsr-3707	152	10	do	do	AUX
fsr-3707	152	11	not	not	PART
fsr-3707	152	12	behave	behave	VERB
fsr-3707	152	13	according	accord	VERB
fsr-3707	152	14	to	to	ADP
fsr-3707	152	15	the	the	DET
fsr-3707	152	16	assumptions	assumption	NOUN
fsr-3707	152	17	of	of	ADP
fsr-3707	152	18	commonly	commonly	ADV
fsr-3707	152	19	used	use	VERB
fsr-3707	152	20	statistical	statistical	ADJ
fsr-3707	152	21	methodologies	methodology	NOUN
fsr-3707	152	22	,	,	PUNCT
fsr-3707	152	23	it	it	PRON
fsr-3707	152	24	has	have	VERB
fsr-3707	152	25	abstracts	abstract	NOUN
fsr-3707	152	26	of	of	ADP
fsr-3707	152	27	articles	article	NOUN
fsr-3707	152	28	on	on	ADP
fsr-3707	152	29	individual	individual	ADJ
fsr-3707	152	30	financial	financial	ADJ
fsr-3707	152	31	management	management	NOUN
fsr-3707	152	32	71	71	NUM
fsr-3707	152	33	been	be	AUX
fsr-3707	152	34	generally	generally	ADV
fsr-3707	152	35	assumed	assume	VERB
fsr-3707	152	36	that	that	SCONJ
fsr-3707	152	37	the	the	DET
fsr-3707	152	38	robustness	robustness	NOUN
fsr-3707	152	39	of	of	ADP
fsr-3707	152	40	these	these	DET
fsr-3707	152	41	methodologies	methodology	NOUN
fsr-3707	152	42	assures	assure	VERB
fsr-3707	152	43	ade	ade	VERB
fsr-3707	152	44	quately	quately	ADV
fsr-3707	152	45	accurate	accurate	ADJ
fsr-3707	152	46	results	result	NOUN
fsr-3707	152	47	.	.	PUNCT
fsr-3707	153	1	recent	recent	ADJ
fsr-3707	153	2	work	work	NOUN
fsr-3707	153	3	in	in	ADP
fsr-3707	153	4	the	the	DET
fsr-3707	153	5	econometrics	econometrics	NOUN
fsr-3707	153	6	literature	literature	NOUN
fsr-3707	153	7	has	have	AUX
fsr-3707	153	8	explored	explore	VERB
fsr-3707	153	9	the	the	DET
fsr-3707	153	10	use	use	NOUN
fsr-3707	153	11	of	of	ADP
fsr-3707	153	12	estimation	estimation	NOUN
fsr-3707	153	13	methodologies	methodology	NOUN
fsr-3707	153	14	that	that	PRON
fsr-3707	153	15	are	be	AUX
fsr-3707	153	16	appropriate	appropriate	ADJ
fsr-3707	153	17	for	for	ADP
fsr-3707	153	18	variables	variable	NOUN
fsr-3707	153	19	that	that	PRON
fsr-3707	153	20	do	do	AUX
fsr-3707	153	21	not	not	PART
fsr-3707	153	22	have	have	VERB
fsr-3707	153	23	symmetric	symmetric	ADJ
fsr-3707	153	24	or	or	CCONJ
fsr-3707	153	25	normal	normal	ADJ
fsr-3707	153	26	distributions	distribution	NOUN
fsr-3707	153	27	.	.	PUNCT
fsr-3707	154	1	this	this	DET
fsr-3707	154	2	article	article	NOUN
fsr-3707	154	3	explores	explore	VERB
fsr-3707	154	4	the	the	DET
fsr-3707	154	5	application	application	NOUN
fsr-3707	154	6	of	of	ADP
fsr-3707	154	7	the	the	DET
fsr-3707	154	8	egb2	egb2	PROPN
fsr-3707	154	9	family	family	NOUN
fsr-3707	154	10	of	of	ADP
fsr-3707	154	11	distributions	distribution	NOUN
fsr-3707	154	12	to	to	ADP
fsr-3707	154	13	the	the	DET
fsr-3707	154	14	problem	problem	NOUN
fsr-3707	154	15	of	of	ADP
fsr-3707	154	16	predicting	predict	VERB
fsr-3707	154	17	bankruptcy	bankruptcy	NOUN
fsr-3707	154	18	and	and	CCONJ
fsr-3707	154	19	offering	offer	VERB
fsr-3707	154	20	consumer	consumer	NOUN
fsr-3707	154	21	credit	credit	NOUN
fsr-3707	154	22	.	.	PUNCT
fsr-3707	155	1	the	the	DET
fsr-3707	155	2	distributions	distribution	NOUN
fsr-3707	155	3	of	of	ADP
fsr-3707	155	4	the	the	DET
fsr-3707	155	5	forecasts	forecast	NOUN
fsr-3707	155	6	of	of	ADP
fsr-3707	155	7	good	good	ADJ
fsr-3707	155	8	and	and	CCONJ
fsr-3707	155	9	bankrupt	bankrupt	ADJ
fsr-3707	155	10	accounts	account	NOUN
fsr-3707	155	11	violate	violate	VERB
fsr-3707	155	12	many	many	ADJ
fsr-3707	155	13	of	of	ADP
fsr-3707	155	14	the	the	DET
fsr-3707	155	15	assumptions	assumption	NOUN
fsr-3707	155	16	of	of	ADP
fsr-3707	155	17	the	the	DET
fsr-3707	155	18	multiple	multiple	ADJ
fsr-3707	155	19	discriminant	discriminant	ADJ
fsr-3707	155	20	analysis	analysis	NOUN
fsr-3707	155	21	methodology	methodology	NOUN
fsr-3707	155	22	used	use	VERB
fsr-3707	155	23	in	in	ADP
fsr-3707	155	24	most	most	ADJ
fsr-3707	155	25	commercial	commercial	ADJ
fsr-3707	155	26	bankruptcy	bankruptcy	NOUN
fsr-3707	155	27	forecasting	forecasting	NOUN
fsr-3707	155	28	models	model	NOUN
fsr-3707	155	29	.	.	PUNCT
fsr-3707	156	1	the	the	DET
fsr-3707	156	2	importance	importance	NOUN
fsr-3707	156	3	of	of	ADP
fsr-3707	156	4	the	the	DET
fsr-3707	156	5	criterion	criterion	NOUN
fsr-3707	156	6	used	use	VERB
fsr-3707	156	7	to	to	PART
fsr-3707	156	8	classify	classify	VERB
fsr-3707	156	9	good	good	ADJ
fsr-3707	156	10	and	and	CCONJ
fsr-3707	156	11	bankrupt	bankrupt	ADJ
fsr-3707	156	12	accounts	account	NOUN
fsr-3707	156	13	is	be	AUX
fsr-3707	156	14	also	also	ADV
fsr-3707	156	15	considered	consider	VERB
fsr-3707	156	16	.	.	PUNCT
fsr-3707	157	1	since	since	SCONJ
fsr-3707	157	2	there	there	PRON
fsr-3707	157	3	is	be	VERB
fsr-3707	157	4	a	a	DET
fsr-3707	157	5	positive	positive	ADJ
fsr-3707	157	6	payoff	payoff	NOUN
fsr-3707	157	7	to	to	ADP
fsr-3707	157	8	the	the	DET
fsr-3707	157	9	correct	correct	ADJ
fsr-3707	157	10	classification	classification	NOUN
fsr-3707	157	11	of	of	ADP
fsr-3707	157	12	good	good	ADJ
fsr-3707	157	13	accounts	account	NOUN
fsr-3707	157	14	,	,	PUNCT
fsr-3707	157	15	minimizing	minimize	VERB
fsr-3707	157	16	the	the	DET
fsr-3707	157	17	number	number	NOUN
fsr-3707	157	18	or	or	CCONJ
fsr-3707	157	19	expected	expect	VERB
fsr-3707	157	20	costs	cost	NOUN
fsr-3707	157	21	of	of	ADP
fsr-3707	157	22	misclassifications	misclassification	NOUN
fsr-3707	157	23	does	do	AUX
fsr-3707	157	24	not	not	PART
fsr-3707	157	25	maximize	maximize	VERB
fsr-3707	157	26	the	the	DET
fsr-3707	157	27	expected	expect	VERB
fsr-3707	157	28	economic	economic	ADJ
fsr-3707	157	29	return	return	NOUN
fsr-3707	157	30	.	.	PUNCT
fsr-3707	158	1	the	the	DET
fsr-3707	158	2	theoretical	theoretical	ADJ
fsr-3707	158	3	development	development	NOUN
fsr-3707	158	4	is	be	AUX
fsr-3707	158	5	demonstrated	demonstrate	VERB
fsr-3707	158	6	on	on	ADP
fsr-3707	158	7	a	a	DET
fsr-3707	158	8	data	data	NOUN
fsr-3707	158	9	base	base	NOUN
fsr-3707	158	10	of	of	ADP
fsr-3707	158	11	more	more	ADJ
fsr-3707	158	12	than	than	ADP
fsr-3707	158	13	16,000	16,000	NUM
fsr-3707	158	14	observations	observation	NOUN
fsr-3707	158	15	of	of	ADP
fsr-3707	158	16	demographic	demographic	ADJ
fsr-3707	158	17	and	and	CCONJ
fsr-3707	158	18	credit	credit	NOUN
fsr-3707	158	19	variables	variable	NOUN
fsr-3707	158	20	of	of	ADP
fsr-3707	158	21	bankrupt	bankrupt	ADJ
fsr-3707	158	22	and	and	CCONJ
fsr-3707	158	23	solvent	solvent	ADJ
fsr-3707	158	24	households	household	NOUN
fsr-3707	158	25	.	.	PUNCT
fsr-3707	159	1	the	the	DET
fsr-3707	159	2	performance	performance	NOUN
fsr-3707	159	3	of	of	ADP
fsr-3707	159	4	the	the	DET
fsr-3707	159	5	various	various	ADJ
fsr-3707	159	6	classification	classification	NOUN
fsr-3707	159	7	models	model	NOUN
fsr-3707	159	8	is	be	AUX
fsr-3707	159	9	tested	test	VERB
fsr-3707	159	10	on	on	ADP
fsr-3707	159	11	a	a	DET
fsr-3707	159	12	holdout	holdout	NOUN
fsr-3707	159	13	sample	sample	NOUN
fsr-3707	159	14	of	of	ADP
fsr-3707	159	15	more	more	ADJ
fsr-3707	159	16	than	than	ADP
fsr-3707	159	17	11,000	11,000	NUM
fsr-3707	159	18	observations	observation	NOUN
fsr-3707	159	19	.	.	PUNCT
fsr-3707	160	1	although	although	SCONJ
fsr-3707	160	2	the	the	DET
fsr-3707	160	3	generalized	generalize	VERB
fsr-3707	160	4	distri	distri	NOUN
fsr-3707	160	5	bution	bution	NOUN
fsr-3707	160	6	is	be	AUX
fsr-3707	160	7	found	find	VERB
fsr-3707	160	8	to	to	PART
fsr-3707	160	9	be	be	AUX
fsr-3707	160	10	statistically	statistically	ADV
fsr-3707	160	11	superior	superior	ADJ
fsr-3707	160	12	to	to	ADP
fsr-3707	160	13	discriminant	discriminant	ADJ
fsr-3707	160	14	analysis	analysis	NOUN
fsr-3707	160	15	,	,	PUNCT
fsr-3707	160	16	the	the	DET
fsr-3707	160	17	managerial	managerial	ADJ
fsr-3707	160	18	importance	importance	NOUN
fsr-3707	160	19	of	of	ADP
fsr-3707	160	20	this	this	DET
fsr-3707	160	21	superiority	superiority	NOUN
fsr-3707	160	22	is	be	AUX
fsr-3707	160	23	seen	see	VERB
fsr-3707	160	24	to	to	PART
fsr-3707	160	25	vary	vary	VERB
fsr-3707	160	26	with	with	ADP
fsr-3707	160	27	the	the	DET
fsr-3707	160	28	characteristics	characteristic	NOUN
fsr-3707	160	29	of	of	ADP
fsr-3707	160	30	the	the	DET
fsr-3707	160	31	bank	bank	NOUN
fsr-3707	160	32	ruptcy	ruptcy	NOUN
fsr-3707	160	33	forecasting	forecasting	NOUN
fsr-3707	160	34	problem	problem	NOUN
fsr-3707	160	35	.	.	PUNCT
fsr-3707	161	1	joumul	joumul	NOUN
fsr-3707	161	2	of	of	ADP
fsr-3707	161	3	economics	economic	NOUN
fsr-3707	161	4	and	and	CCONJ
fsr-3707	161	5	business	business	NOUN
fsr-3707	161	6	,	,	PUNCT
fsr-3707	161	7	february	february	PROPN
fsr-3707	161	8	1992	1992	NUM
fsr-3707	161	9	,	,	PUNCT
fsr-3707	161	10	44	44	NUM
fsr-3707	161	11	(	(	PUNCT
fsr-3707	161	12	1	1	NUM
fsr-3707	161	13	):	):	PUNCT
fsr-3707	161	14	47	47	NUM
fsr-3707	161	15	-	-	SYM
fsr-3707	161	16	62	62	NUM
fsr-3707	161	17	.	.	PUNCT
fsr-3707	162	1	(	(	PUNCT
fsr-3707	162	2	reprinted	reprint	VERB
fsr-3707	162	3	with	with	ADP
fsr-3707	162	4	permission	permission	NOUN
fsr-3707	162	5	of	of	ADP
fsr-3707	162	6	north	north	PROPN
fsr-3707	162	7	holland	holland	PROPN
fsr-3707	162	8	publishing	publishing	PROPN
fsr-3707	162	9	company	company	NOUN
fsr-3707	162	10	)	)	PUNCT
fsr-3707	162	11	.	.	PUNCT