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Title: Can the Human Capital Approach Explain Life-Cycle Wage Differentials Between Races and Sexes?
Resulting in 1 citation.
1. Wu, Huoying
Can the Human Capital Approach Explain Life-Cycle Wage Differentials Between Races and Sexes?
Economic Inquiry 45,1 (January 2007): 24-39.
Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1465-7295.2006.00002.x/abstract
Cohort(s): NLSY79
Publisher: Western Economic Association International
Keyword(s): Economics of Gender; Economics of Minorities; Gender Differences; Human Capital; Labor Economics; Life Cycle Research; Racial Differences; Wage Differentials

Using data from the National Longitudinal Survey of Youth-1979 cohort (NLSY79), this paper shows the importance of postschool human capital investment in describing both gender and racial wage gaps. The empirical results suggest that male-female wage gaps, regardless of race, are mainly caused by gender differences in the human capital production process; generally, men gain more work experience and therefore have lower marginal costs of human capital production. Black-white lifetime wage differentials could partly result from higher implicit interest rates for blacks, while the deterioration of black males' relative economic status as they age can be attributed to higher depreciation rates of their human capital stock. [ABSTRACT FROM AUTHOR]

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Bibliography Citation
Wu, Huoying. "Can the Human Capital Approach Explain Life-Cycle Wage Differentials Between Races and Sexes?" Economic Inquiry 45,1 (January 2007): 24-39.