On Dogmatism in Human Capital Theory
1976; University of Wisconsin Press; Volume: 11; Issue: 1 Linguagem: Inglês
10.2307/145070
ISSN1548-8004
Autores Tópico(s)Economic Growth and Productivity
ResumoEvery scholar in the fields of human capital or income distribution is indebted to Jacob Mincer [14, 15] for his pioneering work in integrating these two branches of economic theory. His contributions have been so forceful and original that there is now a danger that he may have succeeded too well, that the lessons he has taught us are hardening into dogma. In particular Rosenzweig and Morgan [17] seem to accept without question a specific functional form developed by Mincer wherein the logarithm of earnings is a linear function of years of schooling (S) and a quadratic function of a variable j defined as:
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