دانلود مقاله ISI انگلیسی شماره 1545
ترجمه فارسی عنوان مقاله

ریسک سرمایه انسانی در چرخه عمر اقتصاد

عنوان انگلیسی
Human capital risk in life-cycle economies
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
1545 2010 10 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Monetary Economics, Volume 57, Issue 6, September 2010, Pages 729–738

ترجمه کلمات کلیدی
- غیر متعارف - تعادل - ریسک حرفه ای
کلمات کلیدی انگلیسی
پیش نمایش مقاله
پیش نمایش مقاله  ریسک سرمایه انسانی در چرخه عمر اقتصاد

چکیده انگلیسی

The aggregate effects of market incompleteness are studied in a model where agents face idiosyncratic, uninsurable human capital investment risk. Using a life-cycle model with a version of a Ben-Porath (1967) human capital accumulation technology, stationary equilibria of calibrated cases are analyzed in which risk arises from specialization risk and career risk. With career risk only, stationary equilibria resemble those studied by Aiyagari (1994), and the impact of uninsurable idiosyncratic risk is relatively small. With a significant amount of specialization risk, however, stationary equilibria are severely distorted, with human capital about 57 percent as large as its complete markets counterpart.