PT - JOURNAL ARTICLE AU - Charles P. Jones AU - Jack W. Wilson TI - The Equity Risk Premium Controversy AID - 10.3905/joi.2005.517173 DP - 2005 May 31 TA - The Journal of Investing PG - 37--43 VI - 14 IP - 2 4099 - https://pm-research.com/content/14/2/37.short 4100 - https://pm-research.com/content/14/2/37.full AB - The equity risk premium controversy is a puzzle with implications for investors and money managers. Whatever the arguments about a high equity risk premium in the past, there has been a substantial premium over time on average, although typically not as great a realized premium to investors. There is similarly credible evidence that an equivalent or only slightly lower premium may continue into the future.