Human Capital
A Theoretical and Empirical Analysis, with Special Reference to Education
1st Edition
Published on 15. May 2009
412 pages
978-0-226-04122-3 (ISBN)
Description
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
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Gary S. Becker
Human Capital
A Theoretical and Empirical Analysis, with Special Reference to Education
Book
03/1994
3rd Edition
University of Chicago Press
€49.54
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Gary S. Becker
Human Capital
A Theoretical and Empirical Analysis, with Special Reference to Education
Book
03/1994
University of Chicago Press
€34.00
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Content
- Intro
- 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
- 2. Schooling
- 3. Other Knowledge
- 4. Productive Wage Increases
- IV. Investments in Human Capital: Rates of Return
- 1. Relation between Earnings, Costs, and Rates of Return
- 2. The Incentive to Invest
- 3. Some Effects of Human Capital
- Part Two: Empirical Analysis
- V. Rates of Return from College Education
- 1. Money Rates of Return to White Male College Graduates
- 2. Some Conceptual Difficulties
- 3. Rates of Return to Other College Persons
- 4. Variations 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 Eduction
- 2. Trends in Rates of Return
- 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
- 1. Introduction
- 2. Earnings and Human Capital
- 3. Assets and Consumption
- 4. Fertility and Marriage
- 5. Empirical Studies
- 6. Summary and Discussion
- XI. The Divisions of Labor, Coordination Costs, and Knowledge
- 1. Introduction
- 2. Division of Labor among Tasks
- 3. Coordination Costs
- 4. Knowledge and Specialization
- 5. Extent of the Market
- 6. The Growth of Specialization and Knowledge
- 7. The Division of Labor between Sectors: Teachers and Workers
- 8. Summary
- XII. Human Capital, Fertility, and Economic Growth
- 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
- Appendixes
- A. Sources and Methods
- 1. Incomes
- 2. Costs
- B. Mathematical Discussion of Relation between Age, Earnings, and Wealth
- Author Index
- Subject Index
