In this paper, I will refer to the explanations of the school of human capital, whose main exponent is Gary Becker and how the explanation is built around human capital and technology, two factors that augmentate each other from Becker's perspective. Because investmen...
Human capital theorywas formulated by Gary Becker and other scholars.Becker’s (1994)human capital approach helps us understand both the national and individualinvestment in education. Economists have shown that differences in national economic growth can be explained by differences in people’s educatio...
Mainly because the coiners of the term wanted to emphasize i) skills are a stock not a flow and ii) the investment angle, that people invest time/money in developing skills. You can come down on different sides of the issue (Gary Becker, who developed the term, has a point since the...
GaryBecker,RobertKing,PaulKrugman,AlanMeltzer, KevinMurphy,andJim Poterba,aregratefullyacknowledged.ThisworkwassupportedbyNSFGrant SES-8821943,aSloanFoundationFellowship,andtheCenter forAdvancedStudy intheBehavioralSciences.ThispaperispartofNBER'sresearchprogramin ...
Gary S. Becker Human capital (1964) Arie Bregman et al. High-tech firms in Israeli industry Jacob Mincer Schooling, experience and earnings (1974) Alexander M. Mood et al. Introduction to the theory of statistics (1974) There are more references available in the full text version of this ...
Later mainstream analyses, first in agricultural economics and then in human capital theory, culminated in Gary Becker's "new household economics." Domestic labor was also neglected by Marxist thinkers, who argued that housework was being socialized under capitalism and would disappear altogether under...
Gary Becker A THEORY OF THE ALLOCATION OF TIME 加里贝克尔关于时间分配的经典文献加里贝克尔关于时间分配的经典文献隐藏>> A Theory of the Allocation of Time Author(s): Gary S. Becker Source: The Economic Journal, Vol. 75, No. 299 (Sep., 1965), pp. 493-517 Published by: Blackwell Publishing...
The theory of marriage developed byGary Becker (1973)predicts exchange on some characteristics but matching on others. He conceptualized households as small firms producing ‘commodities’ such as children, health, companionship, food, and clean clothes. Since these commodities typically require money an...
A short run analysis of individual consumer choice was presented assuming that marriage market Acknowledgements Helpful inputs were contributed by Gary Becker, Barbara Bergmann, Eric Brunner, Christopher Clague, Edward Lazear, Bertrand Lemennicier, Louis Levy-Garboua, Gary Ramey, Jean-Marc Robin, ...
Assuming the same distribution of talent, if wealth is measured in terms of human capital, China’s ‘index’ would also rank above the US. So we see what the problem is. If we look at housing with sea view the price of housing is much higher in China than in the US. This means ...