An empirical analysis of the risk properties of human capital returns

Palacios-Huerta, Ignacio (2003) An empirical analysis of the risk properties of human capital returns American Economic Review, 93 (3). pp. 948-964. ISSN 0002-8282
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Presents an empirical analysis of the risk properties of human capital returns. Discussion on measures of human capital returns; Description of the mean-variance spanning methodology; Information on real human capital returns and U.S. equity index return for 1964 to 1996.

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