You are not currently logged in.
Access your personal account or get JSTOR access through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Specific Investments and Nonlabor Income
Glenn M. MacDonald
The Bell Journal of Economics
Vol. 13, No. 1 (Spring, 1982), pp. 225-233
Published by: RAND Corporation
Stable URL: http://www.jstor.org/stable/3003444
Page Count: 9
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
In an economy with firm-specific human capital, it is shown that (i) a distribution of nonlabor income will generally induce a distribution of net returns to specific investments; (ii) at the individual level nonlabor income and net returns will be positively related over some range and unrelated otherwise; and (iii) the distribution of net returns is more concentrated than that of nonlabor income
The Bell Journal of Economics © 1982 RAND Corporation