%0 Journal Article %A Charles P. Jones %A Jack W. Wilson %T The Equity Risk Premium Controversy %D 2005 %R 10.3905/joi.2005.517173 %J The Journal of Investing %P 37-43 %V 14 %N 2 %X 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. %U https://joi.pm-research.com/content/iijinvest/14/2/37.full.pdf