142,634 research outputs found

    Empirical Evidence on Occupation and Industry Specific Human Capital

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    This paper presents instrumental variables estimates of the effects of firm tenure, occupation specific work experience, industry specific work experience, and general work experience on wages using data from the 1979 Cohort of the National Longitudinal Survey of Youth. A key feature of the empirical work presented in this paper is that the returns to human capital are allowed to vary across occupations, in contrast to existing research which has constrained the parameters of the wage equation to be the same across occupations. The estimates indicate that both occupation and industry specific human capital are key determinants of wages, and the importance of various types of human capital varies widely across one-digit occupations. Human capital is primarily occupation specific in occupations such as craftsmen, where workers realize a 14% increase in wages after five years of occupation specific experience but do not realize wage gains from industry specific experience. In contrast, human capital is primarily industry specific in other occupations such as managerial employment where workers realize a 23% wage increase after five years of industry specific work experience. In other occupations, such as professional employment, both occupation and industry specific human capital are key determinants of wages

    Student Profiles: Joseph Halli, Boston College

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    Cultural Capital and Educational Attainment

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    According to Bourdieu’s theory of cultural reproduction, children from middle class families are advantaged in gaining educational credentials due to their possession of cultural capital. In order to assess this theory, I have developed a broad operationalisation of the concept of cultural capital, and have surveyed pupils on both their own and their parents ’ cultural capital. I will conclude that cultural capital is transmitted within the home and does have a significant effect on performance in the GCSE (General Certificate of Secondary Education) examinations. However, a large, direct effect of social class on attainment remains when cultural capital has been controlled for. Therefore, ‘cultural reproduction ’ can provide only a partial explanation of social class differences in educational attainment

    Mr. Sweet-and-Awful

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