IDEAS home Printed from https://ideas.repec.org/a/liu/liucej/v15y2018i1p3-9.html
   My bibliography  Save this article

Human Capital in the Twenty First Century

Author

Listed:
  • Daniel Kuehn

Abstract

This paper reviews Thomas Piketty's treatment of human capital in Capital in the Twenty First Century. It first explores Piketty's reasons for excluding human capital from the analysis, and determines that the fact that human capital is not sold on a market is not a sufficient argument for exclusion. The "fundamental laws of capitalism" do not rely on the assumption that capital is exchanged on a market. The paper further argues that Goldin and Katz's (2008) work on education and income inequality is more compatible with Capital in the Twenty First Century than many critics suggest. The paper concludes by arguing that including human capital in the broader discussion of inequality should not detract from Piketty's broader findings.

Suggested Citation

  • Daniel Kuehn, 2018. "Human Capital in the Twenty First Century," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 15(1), pages 3-9, June.
    • Handle: RePEc:liu:liucej:v:15:y:2018:i:1:p:3-9
    as

    Download full text from publisher

    File URL: https://ejce.liuc.it/18242979201801/182429792018150101.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Acemoglu, Daron & Pischke, Jorn-Steffen, 1999. "Beyond Becker: Training in Imperfect Labour Markets," Economic Journal, Royal Economic Society, vol. 109(453), pages 112-142, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Moretti, Luca & Mayerl, Martin & Mühlemann, Samuel & Schlögl, Peter & Wolter, Stefan C., 2017. "So Similar and Yet So Different: A Comparative Analysis of a Firm's Cost and Benefits of Apprenticeship Training in Austria and Switzerland," IZA Discussion Papers 11081, Institute of Labor Economics (IZA).
    2. Ardiana N. Gashi & Geoff Pugh & Nick Adnett, 2008. "Technological change and employer-provided training: Evidence from German establishments," Economics of Education Working Paper Series 0026, University of Zurich, Department of Business Administration (IBW).
    3. Patrick Lee O'Halloran, 2008. "Gender Differences in Formal On‐the‐Job Training: Incidence, Duration, and Intensity," LABOUR, CEIS, vol. 22(4), pages 629-659, December.
    4. Jarle Moen, 2005. "Is Mobility of Technical Personnel a Source of R&D Spillovers?," Journal of Labor Economics, University of Chicago Press, vol. 23(1), pages 81-114, January.
    5. Seung-Gyu Sim & Tim Huegerich, 2018. "Employer Incentives for Providing Informal On-the-job Training in the Presence of On-the-job Search," Journal of Labor Research, Springer, vol. 39(1), pages 22-40, March.
    6. Minns, Chris & Wallis, Patrick, 2009. "Rules and reality: quantifying the practice of apprenticeship in early modern Europe," Economic History Working Papers 27865, London School of Economics and Political Science, Department of Economic History.
    7. Radu Vranceanu & Angela Sutan, 2023. "Should the firm or the employee pay for upskilling? A contract theory approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 197-207, January.
    8. Acemoglu, Daron & Pischke, J. -S., 2001. "Changes in the wage structure, family income, and children's education," European Economic Review, Elsevier, vol. 45(4-6), pages 890-904, May.
    9. Minns, Chris & Wallis, Patrick, 2013. "The price of human capital in a pre-industrial economy: Premiums and apprenticeship contracts in 18th century England," Explorations in Economic History, Elsevier, vol. 50(3), pages 335-350.
    10. Nicolas Lepage-Saucier & Juliette Schleich & Etienne Wasmer, 2013. "Moving Towards a Single Labour Contract: Pros, Cons and Mixed Feelings," OECD Economics Department Working Papers 1026, OECD Publishing.
    11. Donatella Gatti & Christophe Rault & Anne-Gael Vaubourg, 2012. "Unemployment and finance: how do financial and labour market factors interact?," Oxford Economic Papers, Oxford University Press, vol. 64(3), pages 464-489, July.
    12. Eric A. Hanushek & Guido Schwerdt & Ludger Woessmann & Lei Zhang, 2017. "General Education, Vocational Education, and Labor-Market Outcomes over the Lifecycle," Journal of Human Resources, University of Wisconsin Press, vol. 52(1), pages 48-87.
    13. Hans Dietrich & Harald Pfeifer & Felix Wenzelmann, 2016. "The more they spend, the more I earn? Firms' training investments and post-training wages of apprentices," Economics of Education Working Paper Series 0116, University of Zurich, Department of Business Administration (IBW).
    14. Simon DEAKIN & Jonas MALMBERG & Prabirjit SARKAR, 2014. "How do labour laws affect unemployment and the labour share of national income? The experience of six OECD countries, 1970–2010," International Labour Review, International Labour Organization, vol. 153(1), pages 1-27, March.
    15. Bruce Fallick & Charles A. Fleischman & James B. Rebitzer, 2006. "Job-Hopping in Silicon Valley: Some Evidence Concerning the Microfoundations of a High-Technology Cluster," The Review of Economics and Statistics, MIT Press, vol. 88(3), pages 472-481, August.
    16. Zwick, Thomas, 1999. "Innovations induce asymmetric employment movements," ZEW Discussion Papers 99-24, ZEW - Leibniz Centre for European Economic Research.
    17. Michael Gerfin, 2003. "Work-Related Training and Wages: An empirical analysis for male workers in Switzerland," Diskussionsschriften dp0316, Universitaet Bern, Departement Volkswirtschaft.
    18. Pardesi, Mantej, 2024. "Productivity convergence and firm’s training strategy," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    19. Köllö, János & Boza, István & Balázsi, László, 2021. "Wage gains from foreign ownership: evidence from linked employer-employee data," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 55, pages 1-3.
    20. Aepli, Manuel & Kuhn, Andreas & Schweri, Jürg, 2021. "Culture, norms, and the provision of training by employers: Evidence from the Swiss language border," Labour Economics, Elsevier, vol. 73(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:liu:liucej:v:15:y:2018:i:1:p:3-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Laura Ballestra (email available below). General contact details of provider: https://edirc.repec.org/data/liuccit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.