; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Human Capital Values and Returns: Bounds Implied By Earnings and Asset Returns Data"; ; "batchuser@example.com"; "Huggett, Mark", "Kaplan, Greg"; "Federal Reserve Bank of Minneapolis"; "Asset pricing", "Return on human capital", "Value of human capital"; "J24 - Human Capital; Skills; Occupational Choice; Labor Productivity", "G12 - Asset Pricing; Trading Volume; Bond Interest Rates"; "We provide theory for calculating bounds on both the value of an individual’s human capital and the return on an individual’s human capital, given knowledge of the process governing earnings and financial asset returns. We calculate bounds using U.S. data on male earnings and financial asset returns. The large idiosyncratic component of earnings risk implies that bounds on values and returns are quite loose. However, when aggregate shocks are the only source of earnings risk, both bounds are tight."^^; "2010-07-23"; "2019-06-04T15:32:43.018515876+00:00"^^; "https://doi.org/10.21034/sr.448"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 21:23:55 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "386", "351"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "448"; "Value of human capital", "Return on human capital", "Asset pricing"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Economic Theory_ (Vol. 146, No. 3, May 2011, pp. 897-919) https://doi.org/10.1016/j.jet.2010.09.005."^^; ; "Publication" . ; .