Finance and Economics Discussion Series: The Human Capital That Matters: Expected Returns and the Income of Affluent Households by George M. Korniotis, Sean D. Campbell

Finance and Economics Discussion Series: The Human Capital That Matters: Expected Returns and the Income of Affluent Households

George M. Korniotis, Sean D. Campbell

52 pages paperback

36 editions

nonfiction politics
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We implement the human capital CAPM (HCAPM) using the income growth of high income households, rather than aggregate income growth, to proxy the return to human capital (HCRT). We find that identifying the HCRT with the income growth of affluent h...

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