Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear … some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such … insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put …

We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The …

earnings by the entire nominal employer share of the tax increase. If wages play a motivational role but the market still … clears, the range of possible outcomes is broader but wages should still not rise if the tax is nominally divided 50/50. In … effects of wages are important but cannot clearly distinguish between the efficiency wage and market-clearing versions of …

largely attributable to human capital investments? Section 3 tests the proposition that over the working age capacity wages (i ….e. wages before netting out investment) decline before observed wages do. Implied timing of labor supply provides the test. The …

productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … deferred wages. We find a productivity premium for marriage equal to that of the wage premium, and a productivity premium for …

option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …