The Production of Human Capital and the Life Cycle of Earnings: Variations on a Theme
In this work, the author enquires into the empirical validity and some implications of Yoram Ben-Porath's insights. Section 2 answers the question of whether there are the shapes and magnitudes of growth in wage profiles largely attributable to human capital investments. Section 3 tests the proposition that over the working age capacity wages decline before observed wages do. Implied timing of labor supply provides the test. In Section 4, implications are drawn from Ben-Porath's model for interpersonal differences and for the correlation between schooling and training. Copyright 1997 by University of Chicago Press.
References listed on IDEAS
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- Rosen, Harvey S, 1982.
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- Jacob Mincer, 1986. "Wage Changes in Job Changes," NBER Working Papers 1907, National Bureau of Economic Research, Inc.
- Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75, pages 352-352.
- Juhn, Chinhui & Murphy, Kevin M & Pierce, Brooks, 1993. "Wage Inequality and the Rise in Returns to Skill," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 410-442, June.
- Joanne Salop & Steven Salop, 1976. "Self-Selection and Turnover in the Labor Market," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 619-627.
- Joanne Salop & Steven C. Salop, 1976. "Self-selection and turnover in the labor market," Special Studies Papers 80, Board of Governors of the Federal Reserve System (U.S.). Full references (including those not matched with items on IDEAS)
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