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The Production of Human Capital and the Life Cycle of Earnings: Variations on a Theme

Jacob Mincer^1,2

¹ Columbia University · ² National Bureau of Economic Research

In this work I enquire into the empirical validity and some implications of Yoram Ben-Porath's insights. Section II answers the question, Are the shapes and magnitudes of growth in wage profiles largely attributable to human capital investments? Section III 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 IV implications are drawn from Ben-Porath's model for interpersonal differences and for the correlation between schooling and training.

DOI

10.1086/209855

Volume

15 (1, Part 2)

Pages

S26-S47

Language

en

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BibTeX

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