Human Capital – Gary S. Becker – 3rd Edition

I. Introduction to the Second Edition
Introduction to the First Edition

II. Human Capital Revisited
1. Introduction
2. Education and Training
3. Human Capital and the Family
4. Human Capital and Economic Development
5. Conclusions
6. References

Part One: Theoretical Analysis
III. Investment in Human Capital: Effects on Earnings
1. On-the-Job Training
- General Training
- Specific Training
2. Schooling
3. Other Knowledge
4. Productive Wages Increases

IV. Investment in Human Capital: Rates of Return
1. Relation between Earnings, Costs, and Rates of Return
- Addendum: The Allocation of Time and Goods over Time
2. The Incentive to Invest
- Number of Periods
- Wage Differentials and Secular Changes
- Risk and Liquidity
- Capital Markets and Knowledge
3. Some Effects of Human Capital
- Examples
- Ability and the Distribution of Earnings
- Addendum: Education and the Distribution of Earnings: A Statistical Formulation
- Addendum: Human Capital and the Personal
- Distribution of Income: An Analytical Approach
- Supplement: Estimating the Effect of Family Backgrounds on Earnings

Part Two: Empirical Analysis
V. Rates of Return from College Education
1. Money Rates of Return to White Male College Graduates
- Returns in 1939
- Costs in 1939
- Rates of Return in 1939
- Rates of Return in 1949
2. Some Conceptual Difficulties
- Correlation between "Ability" and Education
- Correlation between Education and Other Human Capital
3. Rates of Return to Other College Persons
- College Dropouts
- Nonwhites
- Women
- Rural Persons
4. Variation in Rates of Return

VI. Underinvestment in College Education?
1. Private Money Gains
2. Social Productivity Gains
3. Private Real Rates

VII. Rates of Return from High School Education and Trends over Time
1. The Rate of Return from High School Education
2. Trends in Rates of Return
- After 1939
- Before 1939

VIII. Age, Earnings, Wealth, and Human Capital
1. Age-Earnings Profiles
2. Age-Wealth Profiles

IX. Summary and Conclusions
1. Summary
2. Future Research
3. Concluding Comments

Part Three: Economy-Wide Changes
- Introduction
X. Human Capital and the Rise and Fall of Families, by Gary S. Becker and Nigel Tomes
1. Introduction
2. Earnings and Human Capital
Perfect Capital Markets
Imperfect Access to Capital
3. Assets and Consumption
4. Fertility and Marriage
5. Empirical Studies
6. Summary and Discussion
- References

XI. The Division of Labor, Coordination Costs, and Knowledge, by Gary S. Becker and Kevin M. Murphy
1. Introduction
2. Division of Labor among Tasks
3. Coordination Costs
4. Knowledge and Specialization
5. Extent of the Market
6. The Growth in Specialization and Knowledge
7. The Division of Labor between Sectors: Teachers and Workers
8. Summary
- Appendix
- References

XII. Human Capital, Fertility, and Economic Growth, by Gary S. Becker, Kevin M. Murphy, and Robert Tamura
1. Introduction
2. Basic Properties of the Model
3. Fertility and Growth
4. Comparative Advantage in the Production of Human Capital
5. Discussion
6. Concluding Remarks
- References

Appendixes
A. Sources and Methods
1. Incomes
a. The Basic Data
b. Under- and Overreporting
c. Unemployment
d. Coverage in 1939
e. Taxes
f. Urban-Rural Distribution
g. Hours of Work
2. Costs
a. Earnings of Students
b. Direct Private Costs
c. Direct Social Costs
B. Mathematical Discussion of Relation between Age, Earnings, and Wealth
- Author Index
- Subject Index