Human capital A theoretical and empirical analysis, with special reference to education
- 3rd
- Chicago University Of Chicago Press 1993
- 390P xxi PB
Education - Economic Aspects - U S A Manpower Policy - Income Distribution Vocational Guidance - Human Capital
Table of Contents List of Tables List of Charts Preface to the Third Edition Preface to the First Edition
I. Introduction to the Second Edition Introduction to the First Edition
II. Human Capital Revisited 1. Introduction 2. Education and Training 3. Human Capital and the Family 4. Human Capital and Economic Development 5. Conclusions 6. References
Part One: Theoretical Analysis III. Investment in Human Capital: Effects on Earnings 1. On-the-Job Training General Training Specific Training 2. Schooling 3. Other Knowledge 4. Productive Wages Increases
IV. Investment in Human Capital: Rates of Return 1. Relation between Earnings, Costs, and Rates of Return Addendum: The Allocation of Time and Goods over Time 2. The Incentive to Invest Number of Periods Wage Differentials and Secular Changes Risk and Liquidity Capital Markets and Knowledge 3. Some Effects of Human Capital Examples Ability and the Distribution of Earnings Addendum: Education and the Distribution of Earnings: A Statistical Formulation Addendum: Human Capital and the Personal Distribution of Income: An Analytical Approach Supplement: Estimating the Effect of Family Backgrounds on Earnings
Part Two: Empirical Analysis V. Rates of Return from College Education 1. Money Rates of Return to White Male College Graduates Returns in 1939 Costs in 1939 Rates of Return in 1939 Rates of Return in 1949 2. Some Conceptual Difficulties Correlation between "Ability" and Education Correlation between Education and Other Human Capital 3. Rates of Return to Other College Persons College Dropouts Nonwhites Women Rural Persons 4. Variation in Rates of Return
VI. Underinvestment in College Education? 1. Private Money Gains 2. Social Productivity Gains 3. Private Real Rates
VII. Rates of Return from High School Education and Trends over Time 1. The Rate of Return from High School Education 2. Trends in Rates of Return After 1939 Before 1939
VIII. Age, Earnings, Wealth, and Human Capital 1. Age-Earnings Profiles 2. Age-Wealth Profiles
IX. Summary and Conclusions 1. Summary 2. Future Research 3. Concluding Comments
Part Three: Economy-Wide Changes Introduction X. Human Capital and the Rise and Fall of Families, by Gary S. Becker and Nigel Tomes 1. Introduction 2. Earnings and Human Capital Perfect Capital Markets Imperfect Access to Capital 3. Assets and Consumption 4. Fertility and Marriage 5. Empirical Studies 6. Summary and Discussion References
XI. The Division of Labor, Coordination Costs, and Knowledge, by Gary S. Becker and Kevin M. Murphy 1. Introduction 2. Division of Labor among Tasks 3. Coordination Costs 4. Knowledge and Specialization 5. Extent of the Market 6. The Growth in Specialization and Knowledge 7. The Division of Labor between Sectors: Teachers and Workers 8. Summary Appendix References
XII. Human Capital, Fertility, and Economic Growth, by Gary S. Becker, Kevin M. Murphy, and Robert Tamura 1. Introduction 2. Basic Properties of the Model 3. Fertility and Growth 4. Comparative Advantage in the Production of Human Capital 5. Discussion 6. Concluding Remarks References
Appendixes A. Sources and Methods 1. Incomes a. The Basic Data b. Under- and Overreporting c. Unemployment d. Coverage in 1939 e. Taxes f. Urban-Rural Distribution g. Hours of Work 2. Costs a. Earnings of Students b. Direct Private Costs c. Direct Social Costs B. Mathematical Discussion of Relation between Age, Earnings, and Wealth Author Index Subject Index