 Occupational Differences in the Determination of U.S. Workers’Earnings: Both the Human Capital and the Structured Labor Market Hypotheses Are Useful in AnalysisNan L. Maxwell American Journal of Economics and Sociology, 1987, vol. 46, issue 4, 431-443 Abstract: Abstract. Using the older men's panel of the National Longitudinal Surveys (n = 5,000), path analysis and occupationally stratified samples, an empirical examination is made of the relative role of the human capital hypothesis and the structured labor market hypothesis in the determination of earnings. Results suggest that both hypotheses are useful in achieving an understanding of the process. There is a primary labor market (jobs with high wages, job security and mobility on promotional ladders) with individual productivity differences largely consequent from human capital differentials (investments in education, training and experience). There is also a secondary labor market (jobs with low wages, high turnover poor working conditions) in which human capital investments are not rewarded, dominated by structural influences (e.g. unionization) that, rather than individual productivity differences, explain the process by which earnings are determined. Date: 1987 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:46:y:1987:i:4:p:431-443 Ordering information: This journal article can be ordered from Access Statistics for this article American Journal of Economics and Sociology is currently edited by Laurence S. Moss More articles in American Journal of Economics and Sociology from Wiley Blackwell |
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