This package is for the study “Household Debt Overhang and Human Capital Investment”, by Manso, Rivera, Wang, and Xia, in the Journal of Financial Economics. The study consists of both theoretical and
This package is for the study “Household Debt Overhang and Human Capital Investment”, by Manso, Rivera, Wang, and Xia, in the Journal of Financial Economics. The study consists of both theoretical and
Consider an entrepreneur who needs to raise funds from an investor, but cannot commit not to withdraw his human capital from the project. The possibility of a default or quit puts an upper bound on th
