In the News

The Rate of Return on Everything

UC Davis economist Alan Taylor is among authors of new research, “The Rate of Return on Everything, 1870-2015,” that compares investment performance of stocks, bonds and housing over the past century and a half. 


Land Is Underrated as a Source of Wealth
January 2, 2018

In the long term, housing does about as well as stocks. It’s also a major driver of inequality.

The Economist

Many Happy Returns: New Data Reveal Long-term Investment Trends
January 6, 2018

Property yields more than shares and bonds; investment returns outstrip economic growth