This book consists of three complete distinct articles included as separate chapters. Although all of the three chapters can be read and understood independently, the rest two chapters are on related themes. The essence of the rest two chapters are, therefore, to analyze the individuals' higher education expenditures over their life-cycle. It considers the standard life-cycle human capital accumulation theory as a benchmark model and tests the rationale and validity of it by applying empirical methodologies and calibration. The third topic employs the Granger causality test to find out what causes the stock price volatility to become more sensitive, whether it is for interest rate or exchange rate risk.
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