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The implications of human capital for policy: An essay honoring the life and work of John Tomer

Author

Listed:
  • Justin Ferguson

    (The Davidson Academy)

  • Mark Pingle

    (Professor of Economics, University of Nevada, Reno)

Abstract

From his 1973 PhD Dissertation to his last presentation given to the Society for the Advancement of Behavioral Economics in Dublin in 2019, John Tomer emphasized the usefulness of broadening the human capital concept, so we could understand more deeply the benefits of human capital accumulation. John also practiced what he preached, investing in his own human capital with the expectation it would provide a better life. This essay reviews John's insights, seeking to highlight the implications for policy of the broader view of human capital that John helped develop.

Suggested Citation

  • Justin Ferguson & Mark Pingle, 2021. "The implications of human capital for policy: An essay honoring the life and work of John Tomer," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 5(S1), pages 65-71, June.
    • Handle: RePEc:beh:jbepv1:v:5:y:2021:i:s1:p:65-71
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    More about this item

    Keywords

    Human capital; intangible capital; personal capital; social capital; organizational capital;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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