scholarly journals Distinguished Fellow: Mincering Labor Economics

1992 ◽  
Vol 6 (2) ◽  
pp. 157-170 ◽  
Author(s):  
Sherwin Rosen
Keyword(s):  
Human Capital ◽  
Labor Economics ◽  
Research Agenda ◽  
Job Mobility ◽  
Human Capital Theory ◽  
Married Women ◽  
Empirical Content ◽  
Capital Theory ◽  
The Past ◽  
Participation Decisions

Jacob Mincer has helped set the research agenda and professional style in labor economics for over 30 years. His research helped uncover the empirical content of human capital theory, where he used those ideas to study the determinants of earnings and the sources and nature of earnings inequality. He was also a pioneer in studying labor force participation decisions of married women. For the past decade, Jacob has set his characteristic stamp on the empirical study of job mobility. The following brief survey is meant to convey some of the flavor of Jacob Mincer's work and why it has been so influential in labor economics.

The Death of Human Capital?

2020 ◽  
Author(s):  
Phillip Brown ◽  
Hugh Lauder ◽  
Sin Yi Cheung
Keyword(s):  
Human Capital ◽  
Direct Relationship ◽  
Fundamental Problem ◽  
Human Capital Theory ◽  
Alternative Theory ◽  
Future Prospects ◽  
Capital Theory ◽  
The Past ◽  
The Future ◽  
Smart Machines

Human capital theory, the notion that there is a direct relationship between educational investment and individual and national prosperity, has dominated public policy on education and labor for the past fifty years. This book describes the development of human capital theory and why it has turned into a failed revolution. It outlines an alternative theory that re-defines human capital in an age of smart machines. The new human capital rejects the view that automation and AI will result in the end of waged work, but sees the fundamental problem as a lack of quality jobs offering interesting, worthwhile and rewarding opportunities. At stake in the new human capital are the future prospects for individual wellbeing in productive, sustainable and inclusive societies. It also connects with a growing sense that capitalism is in crisis, felt by students and the wider workforce, in offering a sober assessment of current realities at the same time as a sense of hope for the future.

Job Mobility and Earnings: An Internal Labour Market Analysis

1988 ◽  
Vol 30 (1) ◽  
pp. 100-117 ◽  
Author(s):  
John Creedy ◽  
Keith Whitfield
Keyword(s):  
Human Capital ◽  
Labour Market ◽  
Job Mobility ◽  
Human Capital Theory ◽  
Market Analysis ◽  
Future Research ◽  
Market Theory ◽  
Capital Theory ◽  
Earnings Distribution ◽  
Market Approach

The analysis of job mobility and earnings has been dominated by human capital theory. This approach has been subject to considerable criticism in recent years, particularly about the manner in which it conceptualizes the processes that take place between the start and end of a job. An alternative is the internal labour market approach, which focuses on the very processes which are so problematic for human capital theory. Information from three specially designed surveys of professional scientists in Australia and Britain suggests that the processes that are central to internal labour market theory are crucial to generating the distribution of earnings. While the evidence presented is not necessarily incompatible with human capital theory, it does suggest that future research on the earnings distribution could usefully involve the development of the internal labour market approach.

Career Development and Human Capital Theory: Preaching the “Education Gospel”

2020 ◽  
Author(s):  
Tristram Hooley
Keyword(s):  
Human Capital ◽  
Career Development ◽  
Education System ◽  
Historical Development ◽  
Human Capital Theory ◽  
Development Education ◽  
Capital Theory ◽  
Development Interventions ◽  
The Relationship ◽  
Alternative Relationships

This chapter analyses the relationship between career development, education, and human capital theory. It argues that education lies at the heart of our understanding of how individuals develop their careers and how purposeful career development interventions can support them in this endeavour. Career development services are most evident and accessible in the education system. This relationship is not accidental but is rooted in both the historical development of the field and in the importance of human capital theory to the ideology of both education and career development. The chapter finishes by critiquing the dependence of policymakers and advocates for the field on human capital theory and by considering alternative relationships that could be built between education and career development.

scholarly journals CEOs’ International Work Experience and Compensation

2021 ◽  
Author(s):  
Stefan Schmid ◽  
Sebastian Baldermann
Keyword(s):  
Human Capital ◽  
Empirical Analysis ◽  
Work Experience ◽  
Resource Dependence ◽  
Human Capital Theory ◽  
Work Experiences ◽  
Capital Theory ◽  
International Work ◽  
Executive Remuneration ◽  
To Receive

AbstractIn this paper, we study the effect a CEO’s international work experience has on his or her compensation. By combining human capital theory with a resource dependence and a resource-based perspective, we argue that international work experience translates into higher pay. We also suggest that international work experience comprises several dimensions that affect CEO compensation: duration, timing and breadth of stays abroad. With data from Europe’s largest stock market firms, we provide evidence that the longer the international work experiences and the more numerous they are, the higher a CEO’s compensation. While, based on our theoretical arguments, we expect to find that later international work experiences pay off for CEOs, our empirical analysis shows that earlier international work experiences are particularly valuable in terms of compensation. In addition, our data support the argument that maturity allows a CEO to take advantage of the skills, knowledge and competencies obtained via international experience—and to receive a higher payoff. With our study, we improve the understanding of how different facets of a CEO’s background shape executive remuneration.

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