2014CFA3级-每日一练-R14-20140317 security, received, payments, investor, directly

cjs238

Social security and other employment-related pension payments are considered:


A) financial capital because they are derived from an accumulation of the investor's past labor.

B) human capital because they are derived directly from the investor's labor.

C) neither human capital nor financial capital because they are received after retirement.



soluton:B

Since social security and other employment-related pension payments are derived directly from the investor's labor, they are considered human capital. Thus, an individual's human capital can have a positive value at retirement.

NakedPuts00

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