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Anatomy of lifetime earnings inequality : heterogeneity in job-ladder risk versus human capital

Ozkan, Serdar; Song, Jae; Karahan, Fatih - In: Journal of political economy macroeconomics 1 (2023) 3, pp. 506-550

Persistent link: https://www.econbiz.de/10014387953

Human capital and long-run labor income risk

Benzoni, Luca; Chyruk, Olena - 2013

This review article examines the role of labor income risk in determining the value of a person's human capital. We … framework, we highlight the implications of different assumptions about the correlation between market returns and labor income …

Persistent link: https://www.econbiz.de/10010211021

Human Capital and Long-Run Labor Income Risk

Benzoni, Luca - 2013

Persistent link: https://www.econbiz.de/10013072311

Unemployment and portfolio choice : does persistence matter?

Kuzin, Vladimir; Bremus, Franziska - 2010

We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Persistent link: https://www.econbiz.de/10011389307