The Value of Human Capital during the Second Industrial Revolution—Evidence from the U.S. Navy
This paper explores the role of human capital on earnings and other measures of job performance during the late 19th century. During this time, U.S. Naval ocers belonged either to a regular or an engineer corps and had tasks assigned to their specialized training and experience. To test for the e ects of specialized skills on performance, we compile educational data from original-source Naval Academy records for the graduating classes of 1858 to 1905. We merge these with career data extracted from official Navy registers for the years 1859 to 1907. This compilation comprises one of the longest and earliest longitudinal records of labor market earnings, education and experience of which we are aware. Our results suggest that greater technical skill translated into higher earnings early in careers, but wage premia diminished as careers progressed. From this evidence we argue that technical progress was more skill-depreciating than skill-biased during this period.
|Date of creation:||Jan 2010|
|Date of revision:|
|Contact details of provider:|| Postal: 589 McNair Road, Annapolis, MD 21402-5030|
Phone: (410) 293-6800
Fax: (410) 293-6899
Web page: http://www.usna.edu/EconDept/
More information through EDIRC
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.:
- Oded Galor & Omer Moav, 2000.
"Ability-Biased Technological Transition, Wage Inequality, and Economic Growth,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 115(2), pages 469-497.
- Oded Galor & Omer Moav, 1998. "Ability Biased Technological Transition, Wage Inequality, and Economic Growth," Working Papers 98-14, Brown University, Department of Economics.
- Katz, Lawrence & Goldin, Claudia, 2000.
"Education and Income in the Early Twentieth Century: Evidence from the Prairies,"
2766688, Harvard University Department of Economics.
- Goldin, Claudia & Katz, Lawrence F., 2000. "Education and Income in the Early Twentieth Century: Evidence from the Prairies," The Journal of Economic History, Cambridge University Press, vol. 60(03), pages 782-818, September.
- Kevin H. O'Rourke & Ahmed S. Rahman & Alan M. Taylor, 2008.
"Luddites and the Demographic Transition,"
NBER Working Papers
14484, National Bureau of Economic Research, Inc.
- O'Rourke, Kevin Hjortshøj & Rahman, Ahmed & Taylor, Alan M., 2008. "Luddites and the Demographic Transition," CEPR Discussion Papers 7045, C.E.P.R. Discussion Papers.
- Kevin H. O'Rourke, Ahmed S. Rahman and Alan M. Taylor, 2008. "Luddites and the Demographic Transition," The Institute for International Integration Studies Discussion Paper Series iiisdp266, IIIS.
- GaryÂ S. Becker & KevinÂ M. Murphy, 2007. "Education and Consumption: The Effects of Education in the Household Compared to the Marketplace," Journal of Human Capital, University of Chicago Press, vol. 1(1), pages 9-35.
- David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
- Dirk Krueger & Krishna B. Kumar, 2004.
"Skill-Specific rather than General Education: A Reason for US--Europe Growth Differences?,"
Journal of Economic Growth,
Springer, vol. 9(2), pages 167-207, 06.
- Dirk Krueger & Krishna B. Kumar, 2003. "Skill-specific rather then General Education: A Reason for US-Europe Growth Differences?," NBER Working Papers 9408, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:usn:usnawp:28. 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: ()
If references are entirely missing, you can add them using this form.