Christiansen, Charlotte; Joensen, Juanna Schröter - School of Economics and Management, University of Aarhus - 2006
(yet) for human capital assets. We study mean-variance plots of human capital assets. We compare the properties of human … capital returns using a performance measure and by sing tests for mean-variance spanning. A risk-return trade-off is revealed … capital assets in a
way which is standard for financial assets, but not (yet) for human capital
assets. We study mean-variance …