THE HUMAN CAPITAL APPROACH TO OCCUPATIONAL DIFFERENTIALS
- 1 January 1974
- journal article
- Published by Emerald Publishing in International Journal of Social Economics
- Vol. 1 (1) , 40-62
- https://doi.org/10.1108/eb013757
Abstract
Contemporary resurgence of interest in human capital has both analytic and empirical origins. Analysis has increasingly emphasised the need to consider both stocks and flows; in principle, every good is a capital good and labour is no exception. Modern theories of consumer behaviour, with their stress on long‐term planning particularise this viewpoint. These same theories have suggested the relevance of income distribution data for the explanation of consumer behaviour, the data have lent support, and together they have suggested that the process is reciprocal. Consumer behaviour and analysis should help in the spelling out of theories capable of explaining evolving patterns in income distributions.Keywords
This publication has 5 references indexed in Scilit:
- On the Concept of Health Capital and the Demand for HealthJournal of Political Economy, 1972
- A Theory of the Allocation of TimeThe Economic Journal, 1965
- A Century of Occupational Differentials in ManufacturingThe Review of Economics and Statistics, 1962
- Long-Run Changes in Occupational Wage Structure, 1900-1956Journal of Political Economy, 1960
- A Model of Economic GrowthThe Economic Journal, 1957