Human Capital Risk and Economic Growth

By Tom Krebs. 2003

217 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a19af89a8097cc84a47b2517cb7be237dc78054d

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Citations in the corpus

Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation? (2014, background): “Other papers exploiting linear savings policy rules in environments with heterogeneous agents are Banerjee and Newman (2003); Azariadis and Kaas (2012); Kocherlakota (2009); and Krebs (2003).”
Credit Constraints in Education (2011, unknown): “Third, the lack of insurance implies a precautionary motive for investment; however, the riskiness of human capital can also reduce investments as discussed in Krebs (2003). The absence of repayment contingencies has a number of important consequences. First, default can occur in equilibrium. Second”
Cyclical Dynamics in Idiosyncratic Labor Market Risk (2004, background): “Krebs (2002b), Krebs (2002a), Krusell & Smith (1999) and Storesletten, Telmer, & Yaron (2001) ask if countercyclical idiosyncratic risk is important for the welfare costs of business cycles.”
Managerial Attributes and Executive Compensation (2011, unknown): “, Coles, Daniels, and Naveen, 2006, Mehran, 1992, Ortiz-Molina, 2007, etc.). However, to our knowledge, Berger, Ofek, and Yermack (1997) is the only paper that attempts to examine the impact of excess managerial compensation on capital structure.”
Consumption and labor supply with partial insurance: An analytical framework (2014, background): “The third is to allow agents to control the amount of idiosyncratic risk that they face such that equilibrium exposure to idiosyncratic risk is proportional to wealth, given CRRA preferences (Krebs, 2003; Angeletos, 2007).”
Growth and welfare effects of business cycles in economies with idiosyncratic human capital risk (2003, background): “Krebs (2002) shows that the current incomplete-markets model admits for simple recursive equilibria and provides a useful characterization of equilibrium, and Krebs (2001) studies a version of the model with log-utility and no aggregate risk.”
Macroeconomic Evaluation of Labor Market Reform in Germany (2013, unknown): “One can show (Krebs, 2003) that this assumption in conjunction with the i.i.d assumption implies that the log of labor income of individual households follows approximately a random walk with innovation term ε∼N(0,(1−θ)2σ2).”
Job Displacement Risk and the Cost of Business Cycles (2007, methodology): “Following the previous literature (Imrohoroglu, 1989, Krebs, 2003a, Krusell and Smith, 1999, and Storesletten et al., 2001) we assume now that there are two aggregate states, S = L,H, corresponding to low economic activity (economic contraction) and high economic activity (economic expansion).”
Sources of Lifetime Inequality (2011, background): “Krebs (2004) also analyzes a multi-period model of human capital with idiosyncratic risk.”
Uninsured Idiosyncratic Investment Risk (2005, unknown): “Finally, the paper is related to the literature that studies the role of rate-of-return risk in AK models (e.g., Levhari and Srinivasan, 1969; Sandmo, 1970; Obstfeld, 1994; Devereux and Smith, 1994; Krebs, 2003; Jones, Manuelli, Siu, and Stacchetti, 2005).”