Human capital is not only a factor in economic growth, but also an effect of it or of developments generated by economic growth. In this paper I elucidate the sources of growth of human capital in the course of economic development. On the supply side discussed in Part I I include the growth of...

Skill differentials in wages declined in the1970s and rose in the 1980s, but aggregate wage inequality grew throughout the period. This divergence remains a puzzle in recent studies of U.S. wage inequality. In this paper the sometimes divergent paths of intergroup and intra-group inequality are...

After a brief summary of Ben Porath's 1967 model, I enquire into the empirical validity and some implications of his insights. Section 2 is an attempt to answer the question: Are the shapes and magnitudes of growth in wage profiles largely attributable to human capital investments? Section 3...

After a brief summary of Ben Porath's 1967 model, I enquire into the empirical validity and some implications of his insights. Section 2 is an attempt to answer the question: Are the shapes and magnitudes of growth in wage profiles largely attributable to human capital investments? Section 3...