Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education

adjusted Albert Fishlow amount invested analysis average Census cent Chapter coefficient of variation cohort college and high-school college education college students Consumption Function correlation decline differential ability differentials between college direct costs discrimination discussion distribution dollars earning differentials earnings of college earnings profile economic educational levels elementary-school graduates employees equal equation estimates example expenditures firms foregone earnings fraction gain from college go to college greater growth high-school graduates Higher Education Houthakker human capital income differentials increase internal rate investment in human investment period Jacob Mincer Journal of Political labor force less lower male college graduates marginal product measure Mincer monopsony nonwhites occupation on-the-job training opportunity costs persons physical capital Political Economy present value private rate rate of return ratio relative secular simply skilled social rate specific training Statistics Table tion training costs tuition unadjusted United urban wages white male college workers younger ages