Family Investments in Human Capital: Earnings of Women

  title={Family Investments in Human Capital: Earnings of Women},
  author={Jacob A. Mincer and Solomon W. Polachek},
  journal={Journal of Political Economy},
  pages={S76 - S108}
It has long been recognized that consumption behavior represents mainly joint household or family decisions rather than separate decisions of family members. Accordingly, the observational units in consumption surveys are "consumer units," that is, households in which income is largely pooled and consumption largely shared. More recent is the recognition that an individual's use of time, and particularly the allocation of time between market and nonmarket activities, is also best understood… 
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2 " The study of the labor market is divided by theory rather than by discipline "
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