这题不是问的在income的基础上，谁的投资波动可以高一点吗？

问题如下：

Jacques’s parents, Shelly and Marion, ages 50 and 57. Shelly is a senior hospital specialist and provides medical services to local residents. Marion is a senior manager for a Hedge Fund. Their investment manager determines that Shelly’s income is more stable than Marion’s. In calculating Shelly’s human capital value, investment manager should apply an income volatility adjustment that is:

选项：

A.

lower than Marion ’s.

B.

the same as Marion ’s.

C.

higher than Marion ’s.

解释：

A is correct.

考点：Human capital

解析：Shelly的工作与资本市场相关性很低并且她还能获得兼职收入。而Marion在对冲基金工作，其工作性质与资本市场高度相关且风险很高，因此他收入income volatility比Shelly要高。因此，在对Shelly的Human capital进行估计时，Shelly的income volatility adjustment应该低于Marion.