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Secondary Workers And The Acquisition Of Negative Human Capital

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  • Stevens, Joe B.

Abstract

Frequent job-changing by secondary workers in a rural labor force is found to be consistent with the human capital logic, even though negative human capital attributes are knowingly acquired in the process. The present value of future income streams from a "job-changing" strategy exceeds that from a "staying" strategy if the planning horizon for wood products work is four years or less, which is not an unrealistic length for this particular labor force.

Suggested Citation

  • Stevens, Joe B., 1980. "Secondary Workers And The Acquisition Of Negative Human Capital," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(2), pages 1-16, December.
    • Handle: RePEc:ags:wjagec:32396
    DOI: 10.22004/ag.econ.32396
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    References listed on IDEAS

    as
    1. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    2. Robert E. Hall, 1971. "Prospects for Shifting the Phillips Curve through Manpower Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, pages 659-702.
    3. Blaug, Mark, 1976. "The Empirical Status of Human Capital Theory: A Slightly Jaundiced Survey," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 827-855, September.
    4. Michael L. Wachter, 1974. "Primary and Secondary Labor Markets: A Critique of the Dual Approach," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 5(3), pages 637-694.
    5. Stevens, Joe B. & Ervin, David E., 1977. "An Income Determination Model With Implications for Occupational Mobility in a Rural Labor Force," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283661, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Labor and Human Capital;

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