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Acknowledgements=xv

Chronological table of reprinted articles and chapters=xvii

Introduction / PEDRO TEIXEIRA=1

PART 1. Early contributions on human capital=19

1.1. Early reflections on human capital and the economic value of education=21

1. Senses of "capital" / IRVING FISHER=21

2. Capital concept applied to man / J. R. WALSH=34

3. The historical roots of the concept of human capital / B. F. KIKER=58

PART 2. The modern foundations of human capital research=81

2.1. Early developments of the human capital research programme=83

4. Investment in human capital and personal income distribution / JACOB MINCER=83

5. Investment in human capital / THEODORE W. SCHULTZ=110

6. On-the-job training : costs, returns, and some implications / JACOB MINCER=126

7. Investment in human capital : a theoretical analysis / GARY S. BECKER=165

PART 3. Debating the link between education and earnings=217

3.1. The screening debate=219

8. Higher education as a filter / KENNETH J. ARROW=219

9. Job market signaling / MICHAEL SPENCE=240

10. Human capital vs. signalling explanations of wages / ANDREW WEISS=259

3.2. Education and ability=284

11. Education, income, and ability / ZVI GRILICHES ; WILLIAM M. MASON=284

12. Income, schooling, and ability : evidence from a new sample of identical twins / ORLEY ASHENFELTER ; CECILIA ROUSE=314

13. Identifying the role of cognitive ability in explaining the level of and change in the return to schooling / JAMES HECKMAN ; EDWARD VYTLACIL=343

3.3. The social dimensions of educational achievement=369

14. The problem with human capital theory―a Marxian critique / SAMUEL BOWLES ; HERBERT GINTIS=369

15. Social capital in the creation of human capital / JAMES S. COLEMAN=380

vol.2

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Acknowledgements=ix

PART 4. Studying the returns to education=1

4.1. Human capital and age=3

16. The effects of interrupted schooling on wages / AUDREY LIGHT=3

17. The impact of college timing on earnings / JAMES MONKS=35

4.2. Human capital and gender=44

18. Family investments in human capital : earnings of women / JACOB MINCER ; SOLOMON POLACHEK=44

19. Human capital, effort, and the sexual division of labor / GARY S. BECKER=77

20. Explaining the worldwide boom in higher education of women / GARY S. BECKER ; WILLIAM H. J. HUBBARD ; KEVIN M. MURPHY=102

4.3. Human capital and ethnic background=141

21. The human capital approach to black-white earnings inequality : some unsettled questions / WILLIAM A. DARITY, JR.=141

22. Race and human capital / JAMES P. SMITH=162

23. Differences in education and earnings across racial and ethnic groups : tastes, discrimination, and investments in child quality / BARRY R. CHISWICK=182

4.4. Quality issues on human capital=208

24. Does school quality matter? Returns to education and the characteristics of public schools in the United States / DAVID CARD ; ALAN B. KRUEGER=208

25. Schooling quality in a cross-section of countries / JONG-WHA LEE ; ROBERT J. BARRO=246

4.5. Empirical issues on the returns to education=274

26. Estimating the returns to schooling : some econometric problems / ZVI GRILICHES=274

27. Earnings functions and rates of return / JAMES J. HECKMAN ; LANCE J. LOCHNER ; PETRA E. TODD=300

PART 5. Human capital and the labour market=331

5.1. Human capital and the life-cycle=333

28. The production of human capital and the life cycle of earnings / YORAM BEN-PORATH=333

29. Interrupted work careers : depreciation and restoration of human capital / JACOB MINCER ; HAIM OFEK=351

5.2. General and specific human capital=370

30. Specific capital, mobility, and wages : wages rise with job seniority / ROBERT TOPEL=370

31. Industry-specific human capital : evidence from displaced workers / DEREK NEAL=401

5.3. Human capital and employment=425

32. "Overeducation" in the labor market / NACHUM SICHERMAN=425

33. What have we learned from empirical studies of unemployment and turnover? / ROBERT TOPEL=446

34. Occupational change and the demand for skill, 1940-1990 / KEVIN M. MURPHY ; FINIS WELCH=455

vol.3

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Acknowledgements=ix

5.4. Human capital and migration=1

35. The costs and returns of human migration / LARRY A. SJAASTAD=1

36. The effect of Americanization on the earnings of foreign-born men / BARRY R. CHISWICK=18

37. Immigrant self-employment : the family as social capital and the value of human capital / JIMY M. SANDERS ; VICTOR NEE=43

5.5. Human capital and inequality=72

38. Skill-biased technological change and rising wage inequality : some problems and puzzles / DAVID CARD ; JOHN E. DINARDO=72

39. Trends in U.S. wage inequality : revising the revisionists / DAVID H. AUTOR ; LAWRENCE F. KATZ ; MELISSA S. KEARNEY=119

40. The inheritance of inequality / SAMUEL BOWLES ; HERBERT GINTIS=165

PART 6. Macro effects of human capital=195

6.1. The worldwide expansion of education―an overview=197

41. International data on educational attainment : updates and implications / ROBERT J. BARRO ; JONG-WHA LEE=197

42. Returns to investment in education : a further update / GEORGE PSACHAROPOULOS ; HARRY ANTHONY PATRINOS=221

43. The century of education / CHRISTIAN MORRISSON ; FABRICE MURTIN=247

6.2. Human capital and economic growth=291

44. Investment in humans, technological diffusion, and economic growth / RICHARD R. NELSON ; EDMUND S. PHELPS=291

45. Increasing returns and long-run growth / PAUL M. ROMER=299

46. Education for growth : why and for whom? / ALAN B. KRUEGER ; MIKAEL LINDAHL=333

6.3. Human capital and technology=377

47. The economic implications of learning by doing / KENNETH J. ARROW=377

48. The origins of technology-skill complementarity / CLAUDIA GOLDIN ; LAWRENCE F. KATZ=400

49. Why do new technologies complement skills? Directed technical change and wage inequality / DARON ACEMOGLU=437

50. The skill content of recent technological change : an empirical exploration / DAVID H. AUTOR ; FRANK LEVY ; RICHARD J. MURNANE=469

6.4. Human capital and development=519

51. From physical to human capital accumulation : inequality and the process of development / ODED GALOR ; OMER MOAV=519

52. Brain drain and human capital formation in developing countries : winners and losers / MICHEL BEINE ; FRÉDERIC DOCQUIER ; HILLEL RAPOPORT=554

vol.4

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Acknowledgements=vii

PART 7. The social relevance of human capital=1

7.1. Non-market effects of human capital=3

53. Education in nonmarket production / ROBERT T. MICHAEL=3

54. Schooling and economic well-being : the role of nonmarket effects / ROBERT H. HAVEMAN ; BARBARA L. WOLFE=26

7.2. Families and human capital=53

55. Human capital and the rise and fall of families / GARY S. BECKER ; NIGEL TOMES=53

56. Healthy, wealthy, and wise : Socioeconomic status, poor health in childhood, and human capital development / JANET CURRIE=90

7.3. Human capital and health=137

57. On the concept of health capital and the demand for health / MICHAEL GROSSMAN=137

58. Health behavior, health knowledge, and schooling / DONALD S. KENKEL=170

59. Health as human capital : synthesis and extensions / GARY S. BECKER=187

7.4. Human capital and crime=221

60. Education, work, and crime : a human capital approach / LANCE LOCHNER=221

7.5. The political implications of human capital=256

61. The political economy of growth : democracy and human capital / MATTHEW A. BAUM ; DAVID A. LAKE=256

62. From education to democracy? / DARON ACEMOGLU ; SIMON JOHNSON ; JAMES A. ROBINSON ; PIERRE YARED=282

7.6. Human capital and religion=291

63. The effects of religion and denomination on earnings and the returns to human capital / NIGEL TOMES=291

64. Religious practice : a human capital approach / LAURENCE R. IANNACCONE=306

Index=327

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In recent decades, human capital has become one of the most popular and influential research programmes in the academy. Its influence is not limited to economics, but has proved to be significant to many other social sciences; indeed, it has infused social and political debates about education and training. Moreover, human capital has become part of the jargon of many non-economists. Now, to help make sense of this critical concept, Routledge announces a new four-volume collection. It provides an extensive overview of the breadth and depth of human-capital research, highlighting not only the evolution of its theoretical and empirical development, but also the variety of topics that it has spawned. Edited and with a new introduction by a leading scholar, this collection gathers together the very best and most influential works.



Edited and with a new introduction by a leading scholar, this new four volume collection will gather together the very best and most influential works in human capital to portray its developments and justify why it has become a central issue for research and policy agendas.



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