Arbeitspapier
The risk-return trade-off in human capital investment
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 1962
- Klassifikation
-
Wirtschaft
Analysis of Education
Human Capital; Skills; Occupational Choice; Labor Productivity
- Thema
-
educational choice
efficient frontier
human capital investment
mean-variance analysis
Humankapital
Bildungsinvestition
Bildungsverhalten
Rendite
Bildungsertrag
Risiko
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Christiansen, Charlotte
Schrøter Joensen, Juanna
Skyt Nielsen, Helena
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Christiansen, Charlotte
- Schrøter Joensen, Juanna
- Skyt Nielsen, Helena
- Institute for the Study of Labor (IZA)
Entstanden
- 2006
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