Once again, this is based on
decile analysis, which isn't relevant to most investors.
There is a specious and atheoretical tendency in Anglophone and particularly American research to reduce class as a theoretical category to
decile analyses of income earnt.
Not exact matches
It is true that these paper report only continuous
analysis and do not report the RR per
decile, but it is reasonable to assume that the researchers did look at the per
decile data, but didn't find something interesting in this data.
Throughout our
analysis we characterize students by their math aptitude as measured by their performance on the required 8th grade math end of grade test, with performance divided into
deciles from low to high.
Mebane Faber has an interesting
analysis of the expected ten - year annualized real returns to investors in the various Shiller / Graham P / E10
deciles: I've discussed the Graham / Shiller PE10 metric before (see my April 9 post Graham's PE10 ratio).
Mebane Faber has an interesting
analysis of the expected ten - year annualized real returns to investors in the various Shiller / Graham P / E10
deciles:
[Lakonishok, Shleifer, and Vishny] repeated this
analysis for
deciles based on price - to - cash flow, price - to - earnings, and sales growth.
While the net - net opportunities of the crisis may be gone for good, your
analysis / effort is certainly better than average; why not apply this to the mid-lower p / b
deciles?