Progress in Human Capital Analysis of the Distribution of Earnings

摘要: The traditional studies of income distribution, a field with which economists are becoming increasingly concerned, must be described as basically sociological. ascendancy the human capital approach can viewed reaction to this non-economic, though certainly not irrelevant, tradition. In stressing role played by individual and family optimizing decisions in investments, important aspects determination brought back within mainstream economic theory power its analytical econometric tools. Human is only element choice analysis distribution . Nevertheless, it appears that subject investments lends itself more systematic comprehensive wage differentials, than each other factors. following description research labor incomes serves an organizing principle. It is, part, sequel my 1970 survey and, report ongoing own others.