Human Capital and Occupational Choice: A Theoretical Model

1968 ◽  
Vol 34 (3) ◽  
pp. 406 ◽  
Author(s):  
Maurice C. Benewitz ◽  
Albert Zucker
Keyword(s):  
Human Capital ◽  
Theoretical Model ◽  
Occupational Choice

scholarly journals Occupational Choice and Investments in Human Capital in Informal Economies

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Lucila Berniell
Keyword(s):  
Human Capital ◽  
Informal Economy ◽  
Occupational Choice ◽  
Capital Investments ◽  
Educational Decisions ◽  
Managerial Skills ◽  
Model Predictions ◽  
Informal Economies ◽  
Human Capital Investments ◽  
Cross Country

AbstractInformality is pervasive in many developing countries and it can affect occupational and educational decisions. Cross-country data shows that the rate of entrepreneurship as well as the gap between the skill premium for entrepreneurs and for workers increase with the size of the informal economy. Also, in countries with larger informal sectors the fraction of high-skilled individuals that choose to be entrepreneurs is larger. To explain these facts, I develop a model economy with human capital investments, occupational choice and an informal sector, in which the investment in human capital improves the efficiency of labor as well as managerial skills, and the technology to produce goods exhibits capital-skill complementarity. Model predictions can account for cross-country evidence and also shed light on the mechanisms at work when the level of informality in the economy increases. In particular, a higher level of informality discourages human capital investments for workers while it incentivizes these investments for the case of some managers, mostly informal but talented.

Heterogeneous Human Capital, Occupational Choice, and Male-Female Earnings Differences

1990 ◽  
Vol 8 (1, Part 1) ◽  
pp. 123-144 ◽  
Author(s):  
Morton Paglin ◽  
Anthony M. Rufolo
Keyword(s):  
Human Capital ◽  
Occupational Choice

scholarly journals Aggregate implications of occupational inheritance in China and India

2018 ◽  
Vol 19 (1) ◽  
Author(s):  
Ting Ji
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Labor Productivity ◽  
Occupational Choice ◽  
Choice Model ◽  
Growth Potential ◽  
China And India ◽  
Productivity Gain ◽  
The Us ◽  
Occupational Inheritance

Abstract This paper documents occupational inheritance – that is, children’s inheritance of their parents’ occupations – in China, India, and other countries. Among the causes of the prevalence of occupational inheritance, we target two broad categories that impede growth: labor market frictions and barriers to human capital acquisition. Counterfactual experiments based on a tractable occupational choice model suggest that if the impediments mentioned above were reduced to the US levels, labor productivity would grow by 60–75% in China and 107–178% in India. China realized 74–89% of this growth potential from the 1980s to 2009. In addition, this productivity gain is accompanied by a decrease in the correlation of intergenerational incomes.

scholarly journals Human Capital Investment and the Gender Division of Labor in a Brawn-Based Economy

2012 ◽  
Vol 102 (7) ◽  
pp. 3531-3560 ◽  
Author(s):  
Mark M Pitt ◽  
Mark R Rosenzweig ◽  
Mohammad Nazmul Hassan
Keyword(s):  
Human Capital ◽  
Occupational Choice ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Capital Investments ◽  
Activity Choice ◽  
Rural Bangladesh ◽  
Gender Differentials ◽  
Gender Division Of Labor ◽  
Human Capital Investments

A model of human capital investment and activity choice is used to explain facts describing gender differentials in the levels and returns to human capital investments and occupational choice. These include the higher return to and level of schooling, the small effect of healthiness on wages, and the large effect of healthiness on schooling for females relative to males. The model incorporates gender differences in the level and responsiveness of brawn to nutrition in a Roy-economy setting in which activities reward skill and brawn differentially. Evidence from rural Bangladesh provides support for the model and the importance of the distribution of brawn.

Analysis on the Spatial Effect of Talent Supply of Vocational Education and Economic Growth of Tobacco Industry from the Perspective of Human Capital

2021 ◽  
Vol 7 (6) ◽  
pp. 5161-5171
Author(s):  
Wei Wang ◽  
Yanan Yang ◽  
Ping Li
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Theoretical Model ◽  
Vocational Education ◽  
Tobacco Industry ◽  
Spatial Interaction ◽  
Regional Distribution ◽  
Spatial Panel ◽  
Lifetime Number ◽  
The Impact

Objectives: Human capital plays an important role in the economic growth of tobacco industry. Education is the direct way to form human capital. At the same time, vocational education is a part of the education system. Vocational education is mainly to cultivate skilled human capital. From the perspective of human capital, this paper studies the impact of talent supply of vocational education on tobacco economic growth. A combination of qualitative and quantitative analysis was used. This paper analyzes the current situation of talent supply of vocational education and tobacco economy in China. It also analyzes the correlation between talent supply of vocational education and tobacco economy. Based on the theoretical model of human capital economic growth. Establish the theoretical model of talent supply in vocational education and tobacco economic growth. Comprehensively consider the spatial interaction of economic growth. Using the spatial panel econometric model, this paper makes an empirical analysis on 29 provinces and cities in China. Use Geoda, MATLAB and other software for empirical calculation. The results show that the supply of vocational education talents and the growth of tobacco economy are on the rise. However, the regional distribution is uneven. And vocational education is positively correlated with tobacco economic growth. The empirical results show that the regional tobacco economic growth in China has negative spatial auto-correlation. Employment, lifetime number of vocational education and human capital level in the tobacco industry significantly promote the economic growth of the tobacco industry. The results provide a reference for the regulation of China's tobacco industry.

Regional Differences in Human Capital and Occupational Choice: Evidence from Mexico

2022 ◽  
Author(s):  
Kanat Abdulla ◽  
Balzhan Serikbayeva ◽  
Yessengali Oskenbayev ◽  
Farhad Taghizadeh-Hesary
Keyword(s):  
Human Capital ◽  
Occupational Choice ◽  
Regional Differences

scholarly journals Nonlinearity of the Relationship between Human Capital and Exportation in Brazil

2012 ◽  
Vol 2012 ◽  
pp. 1-10 ◽  
Author(s):  
Gilberto Joaquim Fraga ◽  
Carlos José Caetano Bacha
Keyword(s):  
Human Capital ◽  
Theoretical Model ◽  
Fixed Effects ◽  
Inflection Point ◽  
Formal Education ◽  
Federal District ◽  
Economic Benefits ◽  
Policy Makers ◽  
The Relationship

For Brazil to realize the economic benefits of competitive advantage, it is critically important that the country's policy makers have an awareness of the determinants of Brazilian exports. Our study aims to evaluate the role of human capital measured by the average years of workforce formal education, in the value of exports from each Brazilian state from 1995 through 2006, highlighting differences among the states and/or regions. Based on the Dixit and Woodland (1982) model, our empirical analysis is implemented by running a regression of data organized into a panel that takes into account the fixed effects (i.e., the amenities) found in each of the 27 Brazilian states (including the Federal District). Our findings are consistent with the selected theoretical model and indicate that human capital in Brazil has a nonlinear effect on exportation with an inflection point of 6.7 years of formal education.

scholarly journals The Inter-Related Dynamics of Dual Job Holding, Human Capital and Occupational Choice

2009 ◽  
Author(s):  
Georgios A. Panos ◽  
Konstantinos Pouliakas ◽  
Alexandros Zangelidis
Keyword(s):  
Human Capital ◽  
Occupational Choice ◽  
Dual Job Holding

scholarly journals The Effects of New Entries on Economic Growth: a Story on Advanced and Laggard Sectors

2021 ◽  
Author(s):  
◽  
Vera Hansen
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Theoretical Model ◽  
Empirical Evidence ◽  
Production Function ◽  
Physical Capital ◽  
Endogenous Growth Model ◽  
The Relationship ◽  
Positive Effect ◽  
Douglas Production Function

<p>The main goal of this thesis is to construct a theoretical model that provides an explanation for the relationship between growth and new entry that is consistent with empirical evidence. The model is a four sector endogenous growth model in which there is a technologically advanced and a technologically laggard consumption goods which are imperfect substitutes. The production of each good requires its own stock of human capital and physical capital. The accumulation of physical capital and human capital in each industry is modelled by a Cobb-Douglas production function. The main result of the model is that new entries have a positive effect on the fraction of the existing stock of human capital devoted to the accumulation of human capital in both the advanced and laggard sectors. However, this effect is stronger in the advanced sectors than in the laggard sectors. This result is consistent with empirical evidence.</p>

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