Author: Chong-en Bai
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

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Author: Daniel Parent
Publisher: CIRANO
ISBN:
Category : Seniority, Employee
Languages : en
Pages : 32

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Author: Steven H. Sandell
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 38

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Research report on attitudes and expectations of woman workers in the USA regarding labour force participation - looks into questions of human resources and wages of young women, with particular reference to postschool accumulation of human capital, and presents statistical tables on work expectactions by race for the age group of 35 years, based on the national longitudinal survey of 1968. Bibliography pp. 25 and 26.

Author: Edward P. Lazear
Publisher:
ISBN:
Category : Bonuses (Employee fringe benefits)
Languages : en
Pages : 48

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One problem with the theory of firm-specific human capital is that it is difficult to generate convincing examples of investment that could generate the sometimes observed large and continuing effects on earnings. Another approach, called the skill-weights' view, allows all skills to be general in that there are other firms that use each of the skills. But firms use them in different combinations and with different weights attached to them. The skill-weights view not only has aesthetic appeal, but is consistent with the frequently observed large tenure effects. All of the implications of the traditional view are produced by this approach, and there are a number of other implications that distinguish the new view from the traditional one. The empirical evidence already contains some support for the skill-weights view.

Author: Jacob Mincer
Publisher: Edward Elgar Publishing
ISBN: 9781782541554
Category : Business & Economics
Languages : en
Pages : 456

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'The books should. . . . be bought by every university library. The research reported here is important, the exposition is lucid, the sequencing of chapters is sensible and the retrospective aspect of the volumes provides a fascinating insight into the working methods of one of the great economists of our time.' - Geraint Johnes, International Journal of Manpower Studies in Human Capital, the first volume of Jacob Mincer's essays to be published in this series, assesses the impact of education and job training on wage growth. It offers an authoritative study of the effects of human capital investments on labor turnover and the impact of technological change on human capital formation.

Author: Gary S. Becker
Publisher: University of Chicago Press
ISBN: 0226041220
Category : Business & Economics
Languages : en
Pages : 413

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Human Capital is Becker's classic study of how investment in an individual's education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker's research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics. This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings. "Critics have charged that Mr. Becker's style of thinking reduces humans to economic entities. Nothing could be further from the truth. Mr. Becker gives people credit for having the power to reason and seek out their own best destiny."—Wall Street Journal

Author: Yutaro Sakai
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 92

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Author: David Neumark
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 52

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This paper tests some empirical implications of the general human capital model's explanation of rising wage profiles. At the individual level, the model implies that there will be a negative relationship between the initial wage level and wage growth of young, inexperienced workers. At the market level, the model implies that the present value of the wage profile of an investor equals that of an otherwise identical non-investor, or that the ratio of the present values equals one. We test both of these hypotheses. Evidence on the wage level-wage growth tradeoff points to a negative relationship between initial wage levels and wage growth, even after correcting for negative biases that may have influenced existing estimates of this relationship. Evidence on present values of wage profiles suggests that the ratio of the present value of rising wage profiles to flat wage profiles is quite close to one. Alternative estimates of this ratio are tightly clustered around one, and more often than not are insignificantly different from one. Overall, then, the evidence is largely consistent with the general human capital model.

Author: Kathryn Shaw
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 48

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A key tenet of the theory of human capital is that investment in skills results in higher productivity. The previous literature has estimated the degree of investment in human capital for individuals by looking at individual wage growth as a proxy for productivity growth. In this paper, we have both wage and personal productivity data, and thus are able to measure of the increase in workers' output with tenure. The data is from an autoglass company. Most of production occurs at the individual level so measures of output are clear. We find a very steep learning curve in the year on the job: output is 53 percent higher after one year than it is initially when hired. These output gains with tenure are not reflected in equal percentage pay gains: pay profiles are much flatter than output profiles in the first year and a half on the job. For these data, using wage profiles significantly underestimates the amount of investment compared to the gains evident in output-tenure profiles. The pattern of productivity rising more rapidly than pay reverses after two years of tenure. Worker selection is also important. Workers who stay longer have higher output levels and faster early learning.

Author: Gerbert E. Hebbink
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 176

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