Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w21238 |
来源ID | Working Paper 21238 |
How Large is the Stock Component of Human Capital? | |
Mark Huggett; Greg Kaplan | |
发表日期 | 2015-06-08 |
出版年 | 2015 |
语种 | 英语 |
摘要 | This paper examines the value of an individual’s human capital and the associated return on human capital using U.S. data on male earnings and financial asset returns. We find that (1) the value of human capital is far below the value implied by discounting earnings at the risk-free rate and (2) the stock component of the value of human capital is smaller than the bond component at all ages. The stock component averages less than 35 percent of the value of human capital at each age. |
主题 | Microeconomics ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Portfolio Selection and Asset Pricing ; Labor Economics ; Labor Supply and Demand |
URL | https://www.nber.org/papers/w21238 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578913 |
推荐引用方式 GB/T 7714 | Mark Huggett,Greg Kaplan. How Large is the Stock Component of Human Capital?. 2015. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Mark Huggett]的文章 |
[Greg Kaplan]的文章 |
百度学术 |
百度学术中相似的文章 |
[Mark Huggett]的文章 |
[Greg Kaplan]的文章 |
必应学术 |
必应学术中相似的文章 |
[Mark Huggett]的文章 |
[Greg Kaplan]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。