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An Empirical Analysis of the Risk Properties of Human Capital Returns

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Ignacio Palacios-Huerta

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File URL: http://hdl.handle.net/10.1257/000282803322157197
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Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 93 (2003)
Issue (Month): 3 (June)
Pages: 948-964
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Handle: RePEc:aea:aecrev:v:93:y:2003:i:3:p:948-964

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Hall, Robert E, 1988. "Intertemporal Substitution in Consumption," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 339-57, April. [Downloadable!] (restricted)
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  2. Hansen, Lars Peter & Jagannathan, Ravi, 1991. "Implications of Security Market Data for Models of Dynamic Economies," Journal of Political Economy, University of Chicago Press, vol. 99(2), pages 225-62, April. [Downloadable!] (restricted)
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  3. Hansen, Lars Peter & Heaton, John & Luttmer, Erzo G J, 1995. "Econometric Evaluation of Asset Pricing Models," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 8(2), pages 237-74. [Downloadable!] (restricted)
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  4. Canner, Niko & Mankiw, N Gregory & Weil, David N, 1997. "An Asset Allocation Puzzle," American Economic Review, American Economic Association, vol. 87(1), pages 181-91, March. [Downloadable!] (restricted)
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  5. Feldstein, Martin & Dicks-Mireaux, Louis & Poterba, James, 1983. "The effective tax rate and the pretax rate of return," Journal of Public Economics, Elsevier, vol. 21(2), pages 129-158, July. [Downloadable!] (restricted)
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  6. Hause, John C, 1974. "The Risk Element in Occupational and Educational Choices: Comment," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 803-07, July/Aug.. [Downloadable!] (restricted)
  7. Fama, Eugene F. & Schwert, G. William, 1977. "Human capital and capital market equilibrium," Journal of Financial Economics, Elsevier, vol. 4(1), pages 95-125, January. [Downloadable!] (restricted)
  8. Card, David, 2001. "Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems," Econometrica, Econometric Society, vol. 69(5), pages 1127-60, September.
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  9. Martin Feldstein & Lawrence Summers, 1983. "Inflation and the Taxation of Capital Income in the Corporate Sector," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 116-152 National Bureau of Economic Research, Inc. [Downloadable!]
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  10. Campbell, John Y, 1996. "Understanding Risk and Return," Journal of Political Economy, University of Chicago Press, vol. 104(2), pages 298-345, April. [Downloadable!] (restricted)
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  11. DeRoon, Frans A. & Nijman, Theo E., 2001. "Testing for mean-variance spanning: a survey," Journal of Empirical Finance, Elsevier, vol. 8(2), pages 111-155, May. [Downloadable!] (restricted)
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  1. Angel de la Fuente & Juan Francisco Jimeno, 2004. "The private and fiscal returns to schooling and the effect of public policies on private incentives to invest in education: a general framework and some results for the EU," UFAE and IAE Working Papers 635.04, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
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  2. Christian Belzil & Marco Leonardi, 2006. "Can Risk Aversion Explain Schooling Attainments? Evidence From Italy," Post-Print halshs-00142551_v1, HAL. [Downloadable!]
    Other versions:
  3. Christian Belzil & Marco Leonardi, 2007. "Can Risk Aversion Explain Schooling Attainments?: evidence from Italy," Post-Print halshs-00201351_v1, HAL. [Downloadable!]
  4. Christian Belzil & Marco Leonardi, 2007. "Risk Aversion and Schooling Decisions," IZA Discussion Papers 2994, Institute for the Study of Labor (IZA). [Downloadable!]
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  5. Brodaty, Thomas & Gary-Bobo, Robert J. & Prieto, Ana, 2006. "Risk Aversion and Human Capital Investment: A Structural Econometric Model," CEPR Discussion Papers 5694, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  6. Paolo Buonanno & Dario Pozzoli, 2007. "Risk Aversion and College Subject," Working Papers 0707, University of Bergamo, Department of Economics. [Downloadable!]
  7. Borys Grochulski & Tomasz Piskorski, 2005. "Optimal wealth taxes with risky human capital," Working Paper 05-13, Federal Reserve Bank of Richmond. [Downloadable!]
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  8. Charlotte Christiansen & Juanna Schröter Joensen & Helena Skyt Nielsen, 2006. "The Risk-Return Trade-Off in Human Capital Investment," IZA Discussion Papers 1962, Institute for the Study of Labor (IZA). [Downloadable!]
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  9. Hanno Lustig & Stijn Van Nieuwerburgh, 2005. "The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street," NBER Working Papers 11564, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  10. Sarah Brown & Karl Taylor, 2006. "Education, Risk Preference and Wages," Working Papers 2006002, The University of Sheffield, Department of Economics, revised Feb 2006. [Downloadable!]
  11. repec:bep:eapadv:v:5:y:2005:i:1:p:1414-1414 is not listed on IDEAS
  12. Borys Grochulski & Tomasz Piskorski, 2007. "Risky human capital and deferred capital income taxation," Working Paper 06-13, Federal Reserve Bank of Richmond. [Downloadable!]
  13. Peter Berkhout & Joop Hartog & Dinand Webbink, 2006. "Compensation for Earnings Risk under Worker Heterogeneity," IZA Discussion Papers 2074, Institute for the Study of Labor (IZA). [Downloadable!]
  14. Stacey H. Chen, 2003. "Estimating the Variance of Wages in the Presence of Selection and Unobservable Heterogeneity," Discussion Papers 03-01, University at Albany, SUNY, Department of Economics.
  15. Francisco Peñaranda & Enrique Sentana, 2004. "Spanning Tests In Return And Stochastic Discount Factor Mean-Variance Frontiers: A Unifying Approach," Working Papers wp2004_0410, CEMFI. [Downloadable!]
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  16. Alexander Whalley, 2004. "Black-White Differences in the Insurance Value of Human Capital," Econometric Society 2004 North American Summer Meetings 575, Econometric Society. [Downloadable!]
  17. Bas Jacobs, 2007. "Real Options and Human Capital Investment," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
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