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Human Capital Investment and Labor Supply Under Uncertainty
International Economic Review, 1990We extend the theory of human capital investment under uncertainty by incorporating post-investment labor supply as a choice variable. We show that human capital investment decreases in response to an increase in risk about its return if such investment is an inferior activity and preferences exhibit decreasing risk aversion.
Snow, Arthur, Warren, Ronald S, Jr
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Intertemporal Labor Supply and Human Capital Accumulation*
International Economic Review, 2004We solve and estimate a dynamic model that allows agents to optimally choose their labor hours and consumption and that allows for both human capital accumulation and savings. Estimation results and simulation exercises indicate that the intertemporal elasticity of substitution is much higher than the conventional estimates and the downward bias comes ...
Susumu Imai, Michael P. Keane
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IPOs, Human Capital, and Labor Reallocation
Journal of Financial and Quantitative AnalysisAbstractHow does access to public equity markets affect the human capital of IPO filing firms? While IPO filing firms have high average wages and limited industrial diversification, a successful IPO increases departures of high-wage employees to startups and triggers industrial diversification through employment growth in non-core industries ...
Tania Babina +2 more
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Human Capital and Rural Labor Issues
American Journal of Agricultural Economics, 1993Among the remarkable successes of American economic development has been the release of labor from agriculture and related rural sectors. This success has not come without cost for rural areas, however, as their population share has fallen from 65% in 1890 to 43% in 1940 and to under 25% in 1990 (U.S. Bureau of Census).
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Labor, Capital, and Human Rights
2019Abstract This chapter discusses how the US tax code—like many Organisation for Economic Co-operation and Development (OECD) country tax codes—favors capital over labor, and thereby is at odds with fundamental tenets of human rights and policy principles regarding equity.
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Skills and Human Capital in the Labor Market
SSRN Electronic JournalThis paper synthesizes the economics literature on skills and human capital, with a particular focus on higher-order capacities like social and decision-making skills. We review the empirical evidence on returns to human capital from both a micro and macro perspective, as well as the evidence on returns to human capital investment over the life-cycle ...
Deming, David J., Silliman, Mikko
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Human Capital and Labor Market Dynamics
2007Abstract Although Jacob Mincer is well known for his work on income distribution and the labor supply phenomena, he also explored other important topics in labor research. This chapter explores his efforts to understand better the dynamic nature of the labor market, especially with regard to workers' mobility and unemployment.
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Human Capital: Productive Benefits and Labor Competences [PDF]
It is widely argued that intangible assets, specifically human capital, are vital to business sustainable growth and differentiation. Thus, extensive research has been conducted on the relationship between human capital, strategy and performance. In this paper, a process to identify the human capital critical competences and to measure their economic ...
Martha G. Ugeuto M., Neyda T Cardozo S.
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Human Capital and the Labor Market: A Review of Current Research
Educational Researcher, 1989Several studies have investigated survey data on the prevalence of on-the-job training. These studies have sought to discover who receives training and the effects of this labor market experience on workers' wages, wage growth, turnover, and employment. What is the magnitude of workers' and employers' investments in job training?
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Labor income taxation and human capital accumulation
Journal of Public Economics, 1998Abstract This paper provides alternative analytical results concerning the effect of labor income taxation on human capital accumulation. With the tax revenues being consumed by the government and savings being negatively related to the labor tax rate, an increase in the labor income tax rate reduces the incentive for human capital accumulation, and ...
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