IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v49y1935i2p255-285..html
   My bibliography  Save this article

Capital Concept Applied to Man

Author

Listed:
  • J. R. Walsh

Abstract

I. Scope of the study, 255. — II. The data used, 257. — III. Method of analysis, 264. — IV. Comparison with costs, 267. — V. The implied assumptions: a representative sample, 269; diifferences between groups, 271; equilibrium adjustment of market factors, 274. — VI. College training: (1) Value of abilities exceeds cost of training, 275; (2) Women graduates, 278. — VII. Values and costs of professional training: M.A. and Ph.D., 278; physicians, 279; engineers, 280; business men, 281; lawyers, 281. — VIII. Non-competing groups again, 283. — IX. Conclusion, 284.

Suggested Citation

  • J. R. Walsh, 1935. "Capital Concept Applied to Man," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 49(2), pages 255-285.
    • Handle: RePEc:oup:qjecon:v:49:y:1935:i:2:p:255-285.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1884067
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fatih Guvenen & Greg Kaplan & Jae Song & Justin Weidner, 2017. "Lifetime Incomes in the United States over Six Decades," NBER Working Papers 23371, National Bureau of Economic Research, Inc.
    2. K. A. Frenzel & D. J. McCready, 1982. "Economics of Education: The Development of a Sub-Discipline," The American Economist, Sage Publications, vol. 26(1), pages 35-42, March.
    3. C. Diebolt & B. El Murr, 2003. "A model of glutting: human capital and labour markets in the long-run," Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 557-560.
    4. Psacharopoulos, George, 1996. "A reply to Bennell," World Development, Elsevier, vol. 24(1), pages 201-201, January.
    5. Polachek, Solomon W., 2008. "Earnings Over the Life Cycle: The Mincer Earnings Function and Its Applications," Foundations and Trends(R) in Microeconomics, now publishers, vol. 4(3), pages 165-272, April.
    6. SALMON, Pierre & BRETON, Albert, 2005. "Bijural services as factors of production," LEG - Document de travail - Economie 2005-01, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
    7. Homero Cuevas, 1996. "El capital humano en el sistema de precios," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, June.
    8. Mikael Lindahl & Alan B. Krueger, 2001. "Education for Growth: Why and for Whom?," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
    9. Keane, Michael P. & Todd, Petra E. & Wolpin, Kenneth I., 2011. "The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 4, pages 331-461, Elsevier.
    10. Aurora Teixeira, 2003. "Does Inertia Pay Off? Empirical assessment of an evolutionary-ecological model of human capital decisions at firm level," FEP Working Papers 124, Universidade do Porto, Faculdade de Economia do Porto.
    11. Richard Akresh & Daniel Halim & Marieke Kleemans, 2023. "Long-Term and Intergenerational Effects of Education: Evidence from School Construction in Indonesia," The Economic Journal, Royal Economic Society, vol. 133(650), pages 582-612.
    12. Claude Diebolt & Bachir El Murr, 2004. "Educational Development and Labour Markets," Quality & Quantity: International Journal of Methodology, Springer, vol. 38(2), pages 127-145, April.
    13. Amavilah, Voxi Heinrich, 2014. "Human Knowledge and a Commonsensical Measure of Human Capital: A Proposal," MPRA Paper 57670, University Library of Munich, Germany.
    14. Das, Tirthatanmoy & Polachek, Solomon, 2017. "Micro Foundations of Earnings Differences," IZA Discussion Papers 10922, Institute of Labor Economics (IZA).
    15. Robert Shireman, 2017. "Learn Now, Pay Later: A History of Income-Contingent Student Loans in the United States," The ANNALS of the American Academy of Political and Social Science, , vol. 671(1), pages 184-201, May.
    16. Solomon Polachek, 2003. "Mincer's Overtaking Point and the Life Cycle Earnings Distribution," Review of Economics of the Household, Springer, vol. 1(4), pages 273-304, December.
    17. Irias, Luiz Jose Maria & Avila, Antonio Flavio Dias, 1987. "Returns to Investment in Training of Agricultural Researchers," 1987 Occasional Paper Series No. 4 197419, International Association of Agricultural Economists.
    18. Benoît Godin, 2010. "The Knowledge Economy: Fritz Machlup’s Construction of a Synthetic Concept," Chapters, in: Riccardo Viale & Henry Etzkowitz (ed.), The Capitalization of Knowledge, chapter 10, Edward Elgar Publishing.
    19. Claude Diebolt & Bachir El Murr, 2004. "A cobweb model of higher education and labour market dynamics," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 47(3-4), pages 409-430.
    20. Chiswick, Barry R., 2023. "Estimating Returns to Schooling and Experience: A History of Thought," GLO Discussion Paper Series 1365, Global Labor Organization (GLO).
    21. Pedro Teixeira, 2014. "Gary Becker’s early work on human capital – collaborations and distinctiveness," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-20, December.
    22. John W. Kendrick, 1976. "Bibliography," NBER Chapters, in: The Formation and Stocks of Total Capital, pages 241-250, National Bureau of Economic Research, Inc.
    23. Fritz Machlup, 1982. "Issues in the Theory of Human Capital.Education as Investment," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 21(1), pages 1-17.
    24. Bernarda Zamora, 2007. "A New Discussion Of The Human Capital Theory In The Methodology Of Scientific Research Programmes," Working Papers. Serie AD 2007-26, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:49:y:1935:i:2:p:255-285.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.