loveshihongyu2021-11-17 15:36:05
老师您好,这道题答案是按照Human capital高的角度答的,而我是按照human capital变低的角度答的。我是这样写的。C. Because Finnegan expects that her work still is highly correlated with equity market returns, her human capital is subject to higher discount rate and her human capital is less. Lower allocation of equities in financial account can decrease the risks associated with human capital. In addition, because Finnegan has not found a new job, her human capital currently is less and she has lower ability to take risk. Lower allocation to equities can be consistent with her lower risk tolerance.能帮我看看我说错了吗,错在哪里呢?谢谢
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Johnny2021-11-18 18:15:58
同学你好,而human capital是她未来工作所有收入的现值,这个折现率不是equity的收益率,而是无风险收益率。你可以看下图,Finnegan目前32岁,横轴是年龄,可以看见在32岁时human capital占比超过80%,因此human capital依旧是很大的,而不是很少。因此你基于human capital很低的角度来讲的话就有问题了。
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老师您好 他的human capital的折现率不是跟她的work stability相关吗? work stability低,折现率高,那么human capital 低啊,因为她都没工作了。谢谢
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同学你好,human capital是像我上图所发的那样,随着年龄上升而逐渐减小的。如果真按照你这样算的话那么根本就算出不human capital了,它会根据你工作情况而变得忽高忽低起伏不定。Human capital是个很不精确的值,因为人的工资总归会随着工作变动而有高有低,我们这里也只是大致根据年龄来做个预估而已
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