Personnel Economics essay: Issues in Human Capital Theory, training and earnings of workers

Josheski, Dushko (2014): Personnel Economics essay: Issues in Human Capital Theory, training and earnings of workers. Forthcoming in:

Abstract

In this paper the issues from the personnel economics has been investigated. The issues such as training of workers from Becker’s human capital theory and their association with the workers’ productivity. In the second part of the paper the issue of grooming has been investigated in relation with earnings for which there exist and it is presented empirical evidence. In the equation as regressors are also present Mincerian variables: age, marital status and others. Also the four puzzles in the empirical literature about the determinants of earnings has been investigated. And how the empirical literature helps in resolving them.

• Item Type: MPRA Paper
• Language: English
• Keywords: Personnel economics, training, earnings, grooming
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M5 - Personnel Economics > M50 - General; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M5 - Personnel Economics > M52 - Compensation and Compensation Methods and Their Effects; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M5 - Personnel Economics > M53 - Training

References

1. Bassanini, A., Booth,A., Brunello,G.,Paola De,M., Leuven E.,(2005), Workplace Training in Europe, IZA DP No. 1640,Discussion papers

2. Becker,S.G., (1993), Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. Chicago, University of Chicago Press

3. Bowles, S.,Herbert,G., Melissa,O.,(2001), The determinants of earnings: A behavioral approach, University of Massachusets Amherst college

4. Das,J., DeLoach, S.,B.,2008. "Mirror, mirror on the wall: The effect of time spent grooming on wages," Working Papers 2008-01, Elon University, Department of Economics.

5. Edward,L., 2008. "Personnel economics," The New Palgrave Dictionary of Economics, 2nd Edition, v. 6, p. 380 [pp. 380-84]