Human capital risk and economic growth

This paper develops a tractable incomplete-markets model of economic growth in which households invest in risk-free physical capital and risky human capital. The paper shows that a reduction in uninsurable idiosyncratic labor income risk decreases physical capital investment, but increases human cap...

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Bibliographic details
Volume: 118
Main Author: Krebs, Tom
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: CARY MIT Press 2003
OXFORD UNIV PRESS INC
Oxford University Press
published in: The Quarterly journal of economics Vol. 118; no. 2; pp. 709 - 744
Data of publication: 2003
ISSN: 0033-5533
1531-4650
EISSN: 1531-4650
Discipline: Economics
Subjects:
Online Access: Fulltext
Database: FIS Bildung Literaturdatenbank
Social Sciences Citation Index
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Web of Science - Social Sciences Citation Index - 2003
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