Where Are We Now With Human Capital Theory in Australia

@inproceedings{Preston1997WhereAW,
  title={Where Are We Now With Human Capital Theory in Australia},
  author={Alison Preston},
  year={1997}
}
The dominant economic paradigm for the study of wage determination is the human capital model. Increasingly, however, there is growing discontent with this model. The catalyst is the empirical literature on important earnings relationships which cannot be explained by competitive wage theory. Is human capital theory redundant? How useful is the model in the 1990s? This paper provides an assessment of the current status of human capital theory in Australia. The analysis demonstrates that even in… CONTINUE READING

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