Limited Capital Market Participation and Human Capital Risk
收藏NBER2010-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15709
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资源简介：
The non-tradability of human capital is often cited for the failure of traditional asset pricing theory to explain agents' portfolio holdings. In this paper we argue that the opposite might be true --- traditional models might not be able to explain agent portfolio holdings because they do not
提供机构：
美国国家经济研究局
创建时间：
2010-01-01
