|Mause I 513
Education Policy/Becker: Theoretically and also practically significant was the distinction made by Becker (1962)(1) and Oi (1962)(2) between general and special education or specific knowledge. Company-specific knowledge is only useful for the company in which it is acquired.
This explained why it is rather unlikely that employees with highly specialised knowledge will change their employer. It also explains why most promotions take place within a company and less through new hires.
1. Becker, Gary S. 1962. Investment in human capital: A theoretical analysis. Journal of Political Economy 70: 9– 49.
2. Oi, Walter Y. 1962. Labor as a Quasi-fixed factor. Journal of Political Economy 70: 538– 555._____________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. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
|Becker, Gary S.
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018