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- W1963552975 abstract "In this paper we analyze investments in human capital assets in a way which is standard for financial assets, but not (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 using tests for mean-variance spanning. A risk-return trade-off is revealed, which is not only related to the length of education but also to the type of education. We identify a range of educations that are efficient in terms of investment goods, and a range of educations that are inefficient, and may be chosen for consumption purposes." @default.
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- W1963552975 date "2002-01-01" @default.
- W1963552975 modified "2023-10-18" @default.
- W1963552975 title "The Risk-Return Trade-off in Human Capital Investment" @default.
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- W1963552975 doi "https://doi.org/10.2139/ssrn.320760" @default.
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