Competencies: requirements and acquisition
Higher education is given the key task to prepare the highly talented among the young to fulfil highly qualified roles in the labour market. Successful labour market performance of graduates is generally associated with the acquisition of the correct competencies. Education as an individual investment in human capital is a viewpoint dating back to the 17th century and the writings of Sir William Petty 1662, and includes later work by Adam Smith 1776. The idea was formalized and brought into mainstream economics by Schultz 1961, Becker 1964 and Mincer 1970, 1974. The strong supply-side orientation of the human capital theorys determination of labour productivity has also raised serious doubts. One of the first major competitors of the human capital theory was the job competition model Thurow, 1975, in its most extreme form explaining productivity entirely by occupational characteristics. Both the human capital theory and the job competition model in their original versions seem to be too restricted to one side of the labour market. More recently, therefore, approaches that allow explicitly for an interaction between supply-side and demand-side characteristics assignment models have been placed centrally in analyses of education-to-work stages. For a good overview of different assignment models and their distinctive features with respect to matching models, such as proposed by Mortensen 1986, or search theories e.g. Jovanovic, 1979, see Dupuy 2004.
|Date of creation:||2013|
|Contact details of provider:|| Postal: P.O. Box 616, 6200 MD Maastricht|
Web page: http://www.maastrichtuniversity.nl/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- O'Shaughnessy, K C & Levine, David I & Cappelli, Peter, 2001.
"Changes in Managerial Pay Structures 1986-1992 and Rising Returns to Skill,"
Oxford Economic Papers,
Oxford University Press, vol. 53(3), pages 482-507, July.
- O'shaughnessy, Kevin C. & Levine, David I. & Cappelli, Peter, 1998. "Changes in Managerial Pay Structures 1986-1992 and Rising Returns to Skill," Institute for Research on Labor and Employment, Working Paper Series qt3cm3820b, Institute of Industrial Relations, UC Berkeley.
- K.C. O'Shaughnessy & David I. Levine & Peter Cappelli, 2000. "Changes in Managerial Pay Structures 1986-1992 and Rising Returns to Skill," NBER Working Papers 7730, National Bureau of Economic Research, Inc.
- Stasz, Cathleen, 2001. "Assessing Skills for Work: Two Perspectives," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 385-405, July. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:unm:umarep:2013006. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Leonne Portz)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.