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Investors' favourite - A different look at valuing individual labour income

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  • Voelzke, Jan
  • Gößling, Fabian
  • Diesteldorf, Jeanne
  • Weigt, Till

Abstract

Human capital is a key economic factor in both macro- and microeconomics, and, at least for most people, by far their largest asset. We use the Substantial Gain-Loss-Ratio to calculate Good Deal bounds for securitizations of individual labour income one year ahead. Our procedure is applied to US data. We evaluate the attractiveness of hypothetical human capital contracts and can thereby identify investors' favourites.

Suggested Citation

  • Voelzke, Jan & Gößling, Fabian & Diesteldorf, Jeanne & Weigt, Till, 2017. "Investors' favourite - A different look at valuing individual labour income," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168065, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc17:168065
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics

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