Using information on time costs of training and gains in wages attributable to training, rates of return on training investments were compared. The range of estimates based on several data sets generally exceeds the magnitude of rates of return usually observed for schooling investments. It is not clear, however, that the difference represents…

Using National Longitudinal Survey panel data on wages of married women, the authors found that real wages at reentry are lower than at the point of labor force withdrawal, and the decline in wages is greater, the longer the interruption. Discusses how this data affects immigrants to the United States. (CT)

The framework of an aggregate production function shows that growth of human capital is both a condition and a consequence of economic growth. The concurrent growth and diffusion of human capital, involving production of new knowledge, appears necessary to ensure sustained economic development worldwide. (TE)

The author, a pioneering researcher on investment in human capital, presents a seminal attempt at a systematic analysis of personal income distribution. The framework is a human capital model based upon the aggregate earnings distribution of white, male, urban workers and the net investments in human capital among these workers. Schooling and…

This document, a review of labor market effects of human capital, focuses on two related topics. Part I describes the following early findings of the research on effects of education and job training on the wage structure, labor turnover, and unemployment: decline of training with experience, positive and significant effects of training on length…

A study was conducted to test the proposition that intensive formation of human capital on the job is the basic reason for the strong degree of worker attachment to the firm in Japan. The greater emphasis on training and retraining, much of it specific to the firm, results also in steeper wage trajectories, because of growth of skills in the firm,…