Krebs, Tom (contributor) - 2002 - [Elektronische Ressource]
returns to
scale with respect to physical and human capital, and all markets are competitive. There are aggregate pro …-
ductivity shocks that affect the aggregate returns to physical and human capital investment (stock returns
and wages), and there … are idiosyncratic shocks to human capital (idiosyncratic depreciation shocks) that
only affect individual human capital …