Economics Dictionary of Arguments

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Human capital: Human capital refers to the skills, knowledge, experience, and abilities possessed by individuals within a workforce. It encompasses the qualities and expertise that contribute to economic productivity and growth, emphasizing the value of education, training, and health in enhancing an individual's potential contribution to an organization or society. See also Economy, Humans, Progress, Knowledge, Science, Education, Labour.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Jacob Mincer on Human Capital - Dictionary of Arguments

Mause I 512
Human Capital/Mincer: Mincer develops the human capital theory further.(1) He supplemented the existing regression analysis on the relationship between income and school education with his indicator for practical vocational training, which was the experience after school.
This made possible to collect data on interest rates for school and vocational training. Thus, the skewness of income distribution in the various countries could be traced back to differences in talent, family background, inheritances and other assets (Becker and Tomes 1986).(2)
Income differences could be explained by differences in education and vocational training (Mincer 1974) and the "gender gap" in income could be explained by the fact that women have a higher part-time employment rate than men and more often interrupt their employment in favour of their children.
>Education
, >Education policy, >Income.

1. Mincer, Jacob, Schooling, experience, and earnings. New York 1974.
2. Becker, Gary S., und Nigel Tomes. 1986. Human capital and the rise and fall of families. Journal of Labor Economics 4: 1– 39.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconMinc I
Jacob Mincer
On-the-job training: costs, returns and some implications 1962

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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