Essays on the effect of risk on wealth-enhancing investment decisions
This thesis provides two general equilibrium models to analyse the macroeconomic effect of risk on wealth-enhancing investment decisions. In chapter 1, we present an overlapping generations model in which aspirational agents face uncertainty about the returns to human capital. Investment in human ca...
| Main Author: | |
|---|---|
| Published: |
University of Manchester
2015
|
| Subjects: | |
| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.654878 |