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Education in Nonmarket Production

Datos Bibliográficos

ID10174775
AutoresRobert T Michael (autor de correspondencia)
Año1973
Volumen81
Número2, Part 1
Páginas306-327
Fecha de publicación1973-03-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaJournal of Political Economy (JOURNAL)
Identificadores de la revistaISSN: 0022-3808 • E-ISSN: 1537-534X
EditorialUniversity of Chicago Press (PUBLISHER • US)
DOI10.1086/260029
OpenAlexW2093696469
IdiomaEN
Citas recibidas40
Referencias citadas3

Since an investment in human capital yields a return through time spent in the labor market, it may also yield a return through time spent in productive activities outside the labor market. This paper explores a framework in which these "nonmarket" returns may be analyzed. The model is implemented empirically to test implications pertaining to the partial effect of formal schooling on expenditure patterns and to estimate the magnitude of the nonmarket return to an investment in education

Economics · Factor market · Human capital · Investment (military · Labour economics · Market economy · Microeconomics · Nonmarket forces · Production (economics · Rate of return · Return on investment · Yield (engineering · Economic Growth and Productivity · Finance · Fiscal Policy and Economic Growth · Labor market dynamics and wage inequality

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Obras citantes distintas40
Citas por año0,75
Intervalo de citas1973 - 2025 (53)
Velocidad de citaciónrecent
Altamente citadoNo
Tipos de citaNeutras: 39
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