Investors' favourite - A different look at valuing individual labour income

Jan Voelzke, Fabian Gößling, Jeanne Diesteldorf and Till Weigt

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: Human capital is a key economic factor in both macro- and microeconomics, and, at least for most people, by far their largest asset. We use the Substantial Gain-Loss-Ratio to calculate Good Deal bounds for securitizations of individual labour income one year ahead. Our procedure is applied to US data. We evaluate the attractiveness of hypothetical human capital contracts and can thereby identify investors' favourites.

JEL-codes: C58 G12 J17 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168065

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