scholarly journals Human Capital Risk, Contract Enforcement, and the Macroeconomy

2015 ◽  
Vol 105 (11) ◽  
pp. 3223-3272 ◽  
Author(s):  
Tom Krebs ◽  
Moritz Kuhn ◽  
Mark L. J. Wright
Keyword(s):  
Human Capital ◽  
Life Insurance ◽  
Capital Investment ◽  
Empirical Finding ◽  
Borrowing Constraints ◽  
Contract Enforcement ◽  
Consumer Bankruptcy ◽  
Age Dependent ◽  
Households With Children ◽  
Adult Member

We use microdata to show that young households with children are underinsured against the risk that an adult member of the household dies. This empirical finding can be explained by a macroeconomic model with human capital risk, age-dependent returns to human capital investment, and endogenous borrowing constraints due to limited contract enforcement. When calibrated, the model quantitatively accounts for the observed life-cycle variation in life insurance holdings, financial wealth, earnings, and consumption inequality. The model also predicts that reforms making consumer bankruptcy more costly will substantially increase the volume of both credit and insurance. (JEL D14, D91, G22, J13, J24)

Human Capital, Asset Allocation, and Life Insurance

CFA Digest ◽  
2006 ◽  
Vol 36 (2) ◽  
pp. 93-94
Author(s):  
Peng Chen ◽  
Roger G. Ibbotson ◽  
Moshe A. Milevsky ◽  
Kevin X. Zhu
Keyword(s):  
Human Capital ◽  
Life Insurance ◽  
Asset Allocation ◽  
Capital Asset

Life insurance demand and borrowing constraints

2021 ◽  
Vol 24 (1) ◽  
pp. 37-69
Author(s):  
Bojan Srbinoski ◽  
Klime Poposki ◽  
Patricia H. Born ◽  
Valter Lazzari
Keyword(s):  
Life Insurance ◽  
Borrowing Constraints ◽  
Insurance Demand ◽  
Life Insurance Demand

scholarly journals International Trade and Human Capital Investment with Heterogeneous Firms and Workers: Modeling and Analysis

Mathematics ◽  
2021 ◽  
Vol 9 (10) ◽  
pp. 1106
Author(s):  
Jaewon Jung
Keyword(s):  
Human Capital ◽  
International Trade ◽  
Organizational Behavior ◽  
Capital Accumulation ◽  
Global Economy ◽  
Capital Investment ◽  
Investment Decision ◽  
Heterogeneous Firms ◽  
Modeling And Analysis ◽  
Trade Model

Though the importance of organizational behavior and human decision processes within firms for the firm performance has largely been recognized in the business and management literature, much less attention has been devoted to studying such implications in the international trade context. This paper develops a general-equilibrium trade model in which heterogeneous workers make an investment decision in acquiring advanced managerial skills and choose their optimal effort level based on their comparative advantage. In doing so, we show how globalization-induced human capital accumulation within firms leads to sustainable economic growth. We also show that workers’ organizational belief and CEO’s managerial vision may be an important element for the human capital formation within firms and for the performance of firms in a global economy.

scholarly journals The Influence of R&D Intensity on Financial Performance: The Mediating Role of Human Capital in the Semiconductor Industry in Taiwan

2020 ◽  
Vol 12 (12) ◽  
pp. 5128
Author(s):  
Tsung-Chun Chen ◽  
Yenchun Jim Wu
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Capital Investment ◽  
Performance Metrics ◽  
Intangible Assets ◽  
Semiconductor Industry ◽  
Value Added ◽  
Positive Influence ◽  
High Tech ◽  
The Relationship

Knowledge transfer is a strategy used by high-tech companies to acquire new knowledge and skills. Knowledge can be internally generated or externally sourced. The access to external knowledge is a quick fix, but the risks associated with reliance on external sources are often overlooked. However, not acquiring such knowledge is even riskier. There have been a slew of litigations in the semiconductor industry in recent years. The acquisition and assurance of intangible assets is an important issue. This paper posits that internal R&D should take into consideration the knowledge intensity and capital investment in the industry. This study focuses on the relationship between intangible assets and financial performance. It sourced the 2004 to 2016 financial data of semiconductor companies in Taiwan for panel data modeling and examined case studies for empirical validation. This study found that the higher the R&D intensity (RDI) in the value-added component of human capital, the better the financial performance of the company. RDI has a positive influence on the accumulation of human capital and financial performance metrics, and such influence is deferred. Meanwhile, human capital is a mediating factor in the relationship between RDI and financial performance. RDI is integral to the semiconductor industry’s pursuit of business sustainability.

scholarly journals The risk-return trade-off in human capital investment

2007 ◽  
Vol 14 (6) ◽  
pp. 971-986 ◽  
Author(s):  
Charlotte Christiansen ◽  
Juanna Schröter Joensen ◽  
Helena Skyt Nielsen
Keyword(s):  
Human Capital ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Trade Off ◽  
Risk Return
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