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The Production of Human Capital and the Life Cycle of Earnings: Variations on a Theme

Jacob Mincer
Journal of Labor Economics
Vol. 15, No. 1, Part 2: Essays in Honor of Yoram Ben-Porath (Jan., 1997), pp. S26-S47
Stable URL: http://www.jstor.org/stable/2535400
Page Count: 22
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Production of Human Capital and the Life Cycle of Earnings: Variations on a Theme
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Abstract

In this work I enquire into the empirical validity and some implications of Yoram Ben-Porath's insights. Section II answers the question, Are the shapes and magnitudes of growth in wage profiles largely attributable to human capital investments? Section III tests the proposition that over the working age capacity wages decline before observed wages do. Implied timing of labor supply provides the test. In Section IV implications are drawn from Ben-Porath's model for interpersonal differences and for the correlation between schooling and training.

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