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The risk-return trade-off in human capital investment
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Christiansen, Charlotte. Joensen, Juanna Schrt̜er |
| Temporal Coverage | 2006 |
| Abstract | "In this paper we analyze investments in human capital assets in a way which is standard for financial assets, but not (yet) for human capital assets. We study mean-variance plots of human capital assets. We compare the properties of human capital returns using a performance measure and by using tests for mean-variance spanning. A risk-return trade-off is revealed, which is not only related to the length of education but also to the type of education. We identify a range of educations that are efficient in terms of investment goods, and a range of educations that are inefficient, and may be chosen for consumption purposes"--Forschungsinstitut zur Zukunft der Arbeit web site. |
| Language | English |
| Publisher | IZA, |
| Publisher Place | Bonn, Germany |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Accounting Human Capital Rate of Return |
| Subject Domain (in LCSH) | Human capital--Accounting |
| Subject Domain (in LCSH) | Rate of return |
| Subject Domain (in LCC) | HD5701 |
| Content Type | Text |
| Resource Type | Book |
