The Autocorrelation of Earnings, Human Wealth Inequality, and Income Contingent Loans
The Quarterly Journal of Economics · 1978 · Volume 92 · Issue 4
Abstract
I. Introduction, 551. — II. The autocorrelation of earnings and the variance of human capital, 553. — III. Applications of the variance of present values, 559. — IV. Conclusions, 564.
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