Human capital

Gary S Becker

Human capital : a theoretical and empirical analysis, with special reference to education /Gary S Becker - 3rd ed - Chicago : The University of Chicago Press , ©1993. - xxii, 390 pages : illustrations ; 24 cm

I. Introduction to the Second Edition --
II. Human Capital Revisited --
III. Investment in Human Capital: Effects on Earnings --
IV. Investment in Human Capital: Rates of Return --
V. Rates of Return from College Education --
VI. Underinvestment in College Education? --
VII. Rates of Return from High School Education and Trends Over Time --
VIII. Age, Earnings, Wealth, and Human Capital --
IX. Summary and Conclusions --
X. Human Capital and the Rise and Fall of Families / Gary S. Becker and Nigel Tomes --
XI. The Division of Labor, Coordination Costs, and Knowledge / Gary S. Becker and Kevin M. Murphy --
XII. Human Capital, Fertility, and Economic Growth / Gary S. Becker, Kevin M. Murphy and Robert Tamura --
App. A. Sources and Methods --
App. B. Mathematical Discussion of Relation Between Age, Earnings, and Wealth.


Human Capital is Becker's classic study of how investment in an individual's education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker's research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics. This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings.

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Economics --Education

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