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来源类型Working Paper
规范类型报告
DOI10.3386/w21238
来源IDWorking 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
URLhttps://www.nber.org/papers/w21238
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578913
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GB/T 7714
Mark Huggett,Greg Kaplan. How Large is the Stock Component of Human Capital?. 2015.
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