Human capital: a theoretical and empirical analysis, with special reference to education

I. Introduction to the Second Edition

II. Human Capital Revisited

Introduction

Education and Training

Human Capital and the Family

Human Capital and Economic Development

Conclusions

References

Pt One: Theoretical Analysis

III. Investment in Human Capital: Effects on Earnings

On-the-Job Training, General Training, Specific Training

Schooling

Other Knowledge

Productive Wage Increases

IV. Investment in Human Capital: Rates of Return

Relation between Earnings, Costs, and Rates of Return

Addendum: The Allocation of Time and Goods over Time

The Incentive to Invest: Number of Periods; Wage Differentials and Secular Changes; Risk and Liquidity; Capital Markets and Knowledge

Some Effects of Human Capital: Examples; Ability and the Distribution of Earnings

Addendum: Education and the Distribution of Earnings: A Statistical Formulation

Addendum: Human Capital and the Personal

Distribution of Income: An Analytical Approach

Supplement: Estimating the Effect of Family Background on Earnings

Pt Two: Empirical Analysis

V. Rates of Return from College Education

Money Rates of Return to White Male College Graduates

Returns in 1939

Costs in 1939

Rates of Return in 1939

Rates of Return in 1949

Some Conceptual Difficulties

Correlation between "Ability" and Education

Correlation between Education and Other Human Capital

Rates of Return to Other College Persons: College Dropouts; Nonwhites; Women; Rural Persons

Variation in Rates of Return

VI. Underinvestment in College Education?

Private Money Gains

Social Productivity Gains

Private Real Rates

VII. Rates of Return from High School Education and Trends Over Time

The Rate of Return from High School Education

Trends in Rates of Return: After 1939; Before 1939

VIII. Age, Earnings, Wealth, and Human Capital

Age-Earnings Profiles

Age-Wealth Profiles

IX. Summary and Conclusions

Summary

Future Research

Concluding Comments

Pt Three: Economy-Wide Changes -Introduction

X. Human Capital and the Rise and Fall of Families, by Gary S. Becker and Nigel Tomes

Introduction

Earnings and Human Capital: Perfect Capital Markets; Imperfect Access to Capital

Assets and Consumption

Fertility and Marriage

Empirical Studies

Summary and Discussion

References

XI. The Division of Labor, Coordination Costs, and Knowledge, by Gary S. Becker and Kevin M. Murphy

Introduction

Division of Labor among Tasks

Coordination Costs

Knowledge and Specialization

Extent of the Market

The Growth in Specialization and Knowledge

The Division of Labor between Sectors: Teachers and Workers

Summary

Appendix References

XII. Human Capital, Fertility, and Economic Growth, by Gary S. Becker, Kevin M. Murphy, and Robert Tamura

Introduction

Basic Properties of the Model

Fertility and Growth

Comparative Advantage in the Production of Human Capital

Discussion

Concluding Remarks

References

Appendixes

A. Sources and Methods

Incomes: The Basic Data

Under- and Over reporting

Unemployment

Coverage in 1939

Taxes

Urban-Rural Distribution

Hours of Work

Costs: Earnings of Students

Direct Private Costs

Direct Social Costs

Mathematical Discussion of Relation between Age, Earnings, and Wealth.