PRODUCTION OF HUMAN CAPITAL AND LIFE CYCLE OF EARNINGS
PRODUCTION OF HUMAN CAPITAL AND LIFE CYCLE OF EARNINGS
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DOI：
10.1086/259291
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发表时间：
1967-01-01
影响因子：
8.2
通讯作者：
BENPORATH, Y
中科院分区：
文献类型：
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作者：
BENPORATH, Y
将资本理论应用于个人改进决策，特别是提高盈利能力，为理解所观察到的教育、健康、职业选择、流动性等行为的许多方面提供了一个框架，是对现有资源的合理投资，目的是享受未来的回报。弗里德曼和库兹涅茨(1945)的提法以及Becker(1962,1964)和Mincer(1958,1962)对该理论的重大发展，通过将收益的生命周期与人力资本投资的时间轮廓联系起来，提供了一种关于收益生命周期的新观点：人们在年轻时对自己进行了大部分投资，在很大程度上是通过放弃当前的收益。因此，观察到的收益在最初几年相对较低，随着投资的下降和过去投资的回报实现，它们会上升。投资主要由年轻人进行的主要原因是，他们有更长的时间可以重新投资-
T HE application of capital theory to decisions on individual improvement, and in particular improvement of earning capacity, has provided a framework for the understanding of many aspects of observed behavior regarding education, health, occupational choice, mobility, etc., as rational investment of present resources for the purpose of enjoying future returns. The formulation by Friedman and Kuznets (1945) and the significant development of the theory by Becker (1962, 1964) and Mincer (1958, 1962) provided a novel view of the life cycle of earnings by linking it to the time profile of investment in human capital: People make most of their investments in themselves when they are young, and to a large extent by foregoing current earnings. Observed earnings are therefore relatively low at early years, and they rise as investment declines and as returns on past investments are realized. The main reason why investment is undertaken mostly by the young is that they have a longer period over which they can re-