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Title: An Exchange: Theory of Human Capital and the Earnings of Women: A Reexamination of the Evidence
Resulting in 1 citation.
1. Sandell, Steven H.
Shapiro, David
An Exchange: Theory of Human Capital and the Earnings of Women: A Reexamination of the Evidence
Journal of Human Resources 13,1 (Winter 1978): 103-117.
Also: http://www.jstor.org/stable/145304
Cohort(s): Mature Women
Publisher: University of Wisconsin Press
Keyword(s): Childbearing; Discrimination, Sex; Earnings; Fertility; Human Capital Theory; Life Cycle Research; Simultaneity

This study examines both the empirical specification of human capital models of earnings in the presence of discontinuous work experience over the life cycle and simultaneous-equations models of wage determination and labor supply. Compared to the previous period, no evidence is found of greater investment in general training in the interval of labor force participation after the birth of the first child. The effect of depreciation of human capital on women's earnings appears to be approximately one-half of one percent per year out of the labor force. In addition, the contribution of differences in work experience between men and women in explaining wage differences by sex is about half of that indicated by Mincer and Polachek.
Bibliography Citation
Sandell, Steven H. and David Shapiro. "An Exchange: Theory of Human Capital and the Earnings of Women: A Reexamination of the Evidence." Journal of Human Resources 13,1 (Winter 1978): 103-117.