Researches on human resources
András Kun, PhD
Describe the concept of human capital concept and the human capital model.
Necessary readings:
Chapter 4 from: Lovenheim, M. & Turner, S. (2018): Economics of Education. Worth Publishers Macmillan Learning, New York, NY.
Further readings:
Alex, Alexander V. (1983): Human capital approach to economic development. Metropolitan Books, New Delhi.
Becker, Gary Stanley (1964): Human Capital. National Bureau of Economic Research, New York.
Becker, Gary Stanley – Murphy, Kevin M. – Tamura, R. (1990): Human Capital, Fertility, and Economic Growth. Journal of Political Economy, vol. 98., no. 3., pt. 2., pp. S12-S37.
Maglen, Leo R. (1990): Challenging the Human Capital Ortodoky: The Education–Productivity Link Re-Examined. The Economic Record, vol. 66., no. 195., December, pp. 281-294.
Rosen, Sherwin [1987]: Human capital. In: Eatwell, John – Milgate, Murray – Newman, Peter (eds.): The New Palgrave. A Dictionary of Economics. vol. 2., pp. 681-690.
Schultz, Theodore W. (1961): Investment in Human Capital. The American Economic Review. vol. 51., no. 1., pp. 1-17.
Wößmann, Ludger (2003): Specifying Human Capital. Journal of Economic Surveys, vol. 17., no. 3., pp. 239-270.
Educational investments, predictions of the investment model of education and schooling choices.
Chapter 4 from: Lovenheim, M. & Turner, S. (2018): Economics of Education. Worth Publishers Macmillan Learning, New York, NY.
Further readings:
Alex, Alexander V. (1983): Human capital approach to economic development. Metropolitan Books, New Delhi.
Becker, Gary Stanley (1964): Human Capital. National Bureau of Economic Research, New York.
Becker, Gary Stanley – Murphy, Kevin M. – Tamura, R. (1990): Human Capital, Fertility, and Economic Growth. Journal of Political Economy, vol. 98., no. 3., pt. 2., pp. S12-S37.
Maglen, Leo R. (1990): Challenging the Human Capital Ortodoky: The Education–Productivity Link Re-Examined. The Economic Record, vol. 66., no. 195., December, pp. 281-294.
Rosen, Sherwin [1987]: Human capital. In: Eatwell, John – Milgate, Murray – Newman, Peter (eds.): The New Palgrave. A Dictionary of Economics. vol. 2., pp. 681-690.
Schultz, Theodore W. (1961): Investment in Human Capital. The American Economic Review. vol. 51., no. 1., pp. 1-17.
Wößmann, Ludger (2003): Specifying Human Capital. Journal of Economic Surveys, vol. 17., no. 3., pp. 239-270.
Describe the signalling and screening theories of education. What are its main similarities and differences compared to the human capital approach?
Necessary readings:
Chapter 5 from: Lovenheim, M. & Turner, S. (2018): Economics of Education. Worth Publishers Macmillan Learning, New York, NY.
Further Readings:
Akerlof, George A. (1970): The Market for „Lemons”: Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, vol. 84., no. 3., pp. 488-500.
Lang, Kevin (1994): Does the Human-Capital/Educational-Sorting Debate Matter for Development Policy? The American Economic Review, vol. 84., no. 1. pp. 353-358.
Spence, Michael A. (1974): Market Signaling: Informational Transfer in Hiring and Related Screening Processes. Harvard University Press, Cambridge, MA.
Stiglitz Joseph E. (1975): The Theory of ”Screening,” Education, and the Distribution of Income. The American Economic Review, vol. 65., no. 3., pp. 283-300.
Stiglitz, Joseph E. – Weiss, Andrew (1990): Sorting out the differences between signaling and screening models. Technical Working Paper No. 93. National Bureau of Economic Research, Cambridge, Massechusetts.
Private returns of investing in education.
Necessary readings:
Chapter 6 from: Lovenheim, M. & Turner, S. (2018): Economics of Education. Worth Publishers Macmillan Learning, New York, NY.
Further readings:
Lazear, Edward P. (1977): Education: Consumption or Production? Journal of Political Economy, vol. 85., no. 3., pp. 569-598.
Peracchi, Franco (2006):Educational Wage Premia and the Distribution of Earnings: An International Perspective. In: Hanushek, Eric A. & Welch, F. (eds.): Handbook of the Economics of Education, Volume 1. North Holland, Amsterdam
Social returns of investing in education.
Necessary readings:
Chapter 6 from: Lovenheim, M. & Turner, S. (2018): Economics of Education. Worth Publishers Macmillan Learning, New York, NY.
Further readings:
Lazear, Edward P. (1977): Education: Consumption or Production? Journal of Political Economy, vol. 85., no. 3., pp. 569-598.
Peracchi, Franco (2006):Educational Wage Premia and the Distribution of Earnings: An International Perspective. In: Hanushek, Eric A. & Welch, F. (eds.): Handbook of the Economics of Education, Volume 1. North Holland, Amsterdam
What is labour market discrimination? Describe the personal prejudice models of discrimination.
Necessary readings:
Chapter 12 (only the discrimination theories part of it): Ehrenberg, E. G. & Smith, R. S. (2018): Modern Labor Economics, 13th ed. Routledge, London & New York.
Further readings:
Arrow, Kenneth J. (1971): The Theory of Discrimination. Working paper no. 30A, Princeton University, Princeton, NJ.
Becker, Gary Stanley (1971): The Economics of Discrimination. Second Edition. The University of Chicago Press, Ltd., London.
Describe the models of statistical discrimination and the non-competitive models of labour market discrimination.
Necessary readings:
Chapter 12 (only the discrimination theories part of it): Ehrenberg, E. G. & Smith, R. S. (2018): Modern Labor Economics, 13th ed. Routledge, London & New York.
Further readings:
Arrow, Kenneth J. (1971): The Theory of Discrimination. Working paper no. 30A, Princeton University, Princeton, NJ.
Becker, Gary Stanley (1971): The Economics of Discrimination. Second Edition. The University of Chicago Press, Ltd., London.
Phelps, E. S. (1972): The Statistical Theory of Racism and Sexism. The American Economic Review, vol. 62., no. 4., pp. 659-661.