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Full-Text Articles in Labor Economics

The Level And Utilization Of Human Capital In The United States, 1975–2000, Robert H. Haveman, Andrew Bershadker, Jonathan A. Schwabish Apr 2003

The Level And Utilization Of Human Capital In The United States, 1975–2000, Robert H. Haveman, Andrew Bershadker, Jonathan A. Schwabish

Employment Research Newsletter

No abstract provided.


Agglomeration, Labor Supply, And The Urban Rat Race, Stuart S. Rosenthal, William C. Strange Jan 2003

Agglomeration, Labor Supply, And The Urban Rat Race, Stuart S. Rosenthal, William C. Strange

Center for Policy Research

This paper establishes the existence of a previously overlooked relationship between agglomeration and hours worked. Among non-professionals, hours worked decrease with the density of workers in the same occupation. Among professionals, a positive relationship is found. This relationship is twice as strong for the young as for the middle-aged. Moreover, young professional hours worked are shown to be especially sensitive to the presence of rivals. We show that these patterns are consistent with the selection of hard workers into cities and the high productivity of agglomerated labor. The behavior of young professionals is also consistent with the presence of keen …


Human Capital In The United States From 1975 To 2000: Patterns Of Growth And Utilization, Robert H. Haveman, Andrew Bershadker, Jonathan A. Schwabish Jan 2003

Human Capital In The United States From 1975 To 2000: Patterns Of Growth And Utilization, Robert H. Haveman, Andrew Bershadker, Jonathan A. Schwabish

Upjohn Press

This study enhances the existing measures of the nation’s human capital and the extent to which that capital is utilized. Haveman, Bershadker, and Schwabish develop an indicator of the value of the human capital stock held by the nation’s working-age population called Earnings Capacity (EC), and use it to study the time trends in aggregate human capital in the United States and human capital per worker. They also use EC to evaluate utilization of the nation’s human capital stock, thereby demonstrating the usefulness of the EC indicator in measuring the size and strength of the U.S. economy.


Retirement And High Level Human Capital, Irving Gershenberg Jan 2003

Retirement And High Level Human Capital, Irving Gershenberg

Gerontology Institute Publications

Given that demographic trends in economically advanced industrial countries such as our own continue to shift toward increasingly older, formally retired populations, we need to find ways to keep more of this older retired population productive. Economists and others differ in their estimation regarding the ability and/or willingness on part of the retired to retain, let alone utilize the know-how, the human capital accumulated prior to retirement. This is as true for those who have spent their work life engaged in producing and communicating new ideas and synthesizing and diffusing what is known, those who have accumulated what I term …