Budria, Santi; Diaz-Serrano, Luis; Ferrer-i-Carbonell, Ada - 2009
and risk
attitudes, although no link is made between risk attitudes, human capital investment,
and wage changes. Brown … Sharpe
ratio for human capital: the expected net return to human capital investment relative to
its variance (the return to …=
⎜⎟
⎝⎠
(7)
Thus, an individual’s wage growth is determined as a function of the benefits from
human capital investment …