TY - JOUR T1 - The Equity Risk Premium Controversy JF - The Journal of Investing SP - 37 LP - 43 DO - 10.3905/joi.2005.517173 VL - 14 IS - 2 AU - Charles P. Jones AU - Jack W. Wilson Y1 - 2005/05/31 UR - https://pm-research.com/content/14/2/37.abstract N2 - 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. ER -