Investment in Human Capital¶
Becker, G. S. (1962). Investment in Human Capital: A Theoretical Analysis. Journal of Political Economy.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Human Capital
- A distinction internal to the framework shapes the whole applied literature: Becker's separation of general human capital (portable across employers, so the worker captures the return) from firm-specific human capital (valuable only to the current employer, so firm and worker share the return and the hold-up risk)
This sourceBecker's general/specific training distinction and its wage consequence — general training portable and worker-financed, specific training jointly financed with the return shared according to quit and layoff exposure; the 'hold-up' framing itself is a later incomplete-contracts gloss.
Supported in partVerified against the source
- A distinction internal to the framework shapes the whole applied literature: Becker's separation of general human capital (portable across employers, so the worker captures the return) from firm-specific human capital (valuable only to the current employer, so firm and worker share the return and the hold-up risk)
Verification¶
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