Synopsis
"Human Capital" is Becker's study of how investment in an individual's education and training is similar to business investments in equipment. Becker looks at the effects of investment in education on earnings and employment, and shows how his theory measures the incentive for such investment, as well as the costs and returns from college and high school education. Another part of the study explores the relation between age and earnings. This edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labour, economic considerations within the family, and inequality in earnings.
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About the Author
Gary S. Becker (1930-2014)was University Professor at the University of Chicago with a jointappointmentinboth the economics and sociology departments. He was the author of many books, including "Human Capital: A Theoretical and Empirical Analysis" and "The Economics of Discrimination".He collaboratedwith Richard Posner onthe Becker-Posner Blog, which formed the basis for their book "Uncommon Sense: Economic Insights, from Marriage to Terrorism". Beckerwas awarded the Nobel Prize in Economics in 1992 and the Presidential Medal of Freedom in 2007.
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