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:	Markttheorie Theorie Wachstumstheorie Risiko Investition Marktform Lohn Markt Bildungsinvestition Public assistance programs Investment risk Human capital Structural capital Economic growth models Quantitative economic models Capital investments Economic growth rate Idiosyncratic risk Financial investments Economics Business & Economics Social Sciences Labor economics United States Economic development Analysis United States CHOICE POLICY DIVERSIFICATION INCOME FINANCE INVESTMENT TAXATION CONSTRAINTS EDUCATION INCOMPLETE MARKETS
Online Access:	Fulltext
Database:	FIS Bildung Literaturdatenbank Social Sciences Citation Index Web of Knowledge Web of Science Web of Science - Social Sciences Citation Index - 2003 CrossRef Academic OneFile (A&I only) Database information Databases - DBIS