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This thesis examines the relationship between education, experience, and earnings in the context of human capital theory in the manufacturing sector of Iran. Using a sample of 15755 full-time male workers clustered within 35 firms, both single-level and multilevel statistical techniques were employed to evaluate the contribution of education and experience to earnings. The research also examines the advantages of applying a multilevel method of analysis to investigate the above relationship. This study has shown that, in the manufacturing sector of Iranian industry, the amount of education and experience is significantly and systematically associated with the earnings of employees. This helps to corroborate the notion that human capital acquired through education and experience provides individual economic benefits through improving the earning capacity of individuals. These findings are consistent with many other analyses of earnings based on human capital theory. The multilevel analysis showed that data used are affected by a hierarchical or clustered structure and the relationship between human capital variables and earnings varies across firms. As a result, as argued by multilevel methodologists and confirmed by our findings, the application of the OLS models in a hierarchical structure leads to incorrect inferences. This study has also shown that the relatively new statistical technique of multilevel modelling provides a powerful tool for examining earnings differentials and some of the effects of labour market structures on earnings. In general the use of a multilevel model provides evidence for the pecuniary externality effects of human capital. By treating individual firms as second level units of analysis, it has been shown that part of the differences in earnings can be attributed to the firms in which individuals are working. In particular clusters of highly educated people seem to have a positive effect on the amount of human capital created through experience. It would be interesting to see whether this finding has wider application. The multilevel technique also strengthens the explanatory power of human capital variables. Using qualitative methods, this research also examines the question "why does investment in human capital increase earnings?" The main findings tend to support the human capital interpretation of education rather than pure screening.

South Africa faces significant challenges with low economic growth and high unemployment rates. Unemployed individuals find it difficult to enter into the informal and formal sectors and are often required to work as day labourers. The purpose of this study is to investigate whether the human capital theory can provide an explanation for the determinants of wages of day labourers. A focus was placed on the relationships between wages and education, wages and training, wages and skills, and wages and experience. Using cross-sectional data from a survey conducted in 2007/2008, a regression analysis of these relationships was performed. The results showed that earnings increase with an increase in educational level. Day labourers who completed primary and secondary schooling earn more than day labourers who have had no schooling. The day labourers who completed a post-school qualification realised the highest returns in wages. A small percentage of day labourers indicated that they completed a form of training. A pattern was evident of day labourers with higher levels of education engaging in training that is associated with scarce work that requires higher levels of skills and that is more likely to pay higher wages. Work in the skilled cluster was found to be positively and significantly associated with wages. Day labourers who are able to do a variety of jobs are also likely to earn higher earnings. Experience was represented by the number of years an individual has worked as a day labourer and was found to be negatively associated with wages. The findings of this paper confirm that most of the human capital theory can be applied to explain the wages of day labourers in South Africa. / MCom (Economics), North-West University, Potchefstroom Campus, 2015

South Africa faces significant challenges with low economic growth and high unemployment rates. Unemployed individuals find it difficult to enter into the informal and formal sectors and are often required to work as day labourers. The purpose of this study is to investigate whether the human capital theory can provide an explanation for the determinants of wages of day labourers. A focus was placed on the relationships between wages and education, wages and training, wages and skills, and wages and experience. Using cross-sectional data from a survey conducted in 2007/2008, a regression analysis of these relationships was performed. The results showed that earnings increase with an increase in educational level. Day labourers who completed primary and secondary schooling earn more than day labourers who have had no schooling. The day labourers who completed a post-school qualification realised the highest returns in wages. A small percentage of day labourers indicated that they completed a form of training. A pattern was evident of day labourers with higher levels of education engaging in training that is associated with scarce work that requires higher levels of skills and that is more likely to pay higher wages. Work in the skilled cluster was found to be positively and significantly associated with wages. Day labourers who are able to do a variety of jobs are also likely to earn higher earnings. Experience was represented by the number of years an individual has worked as a day labourer and was found to be negatively associated with wages. The findings of this paper confirm that most of the human capital theory can be applied to explain the wages of day labourers in South Africa. / MCom (Economics), North-West University, Potchefstroom Campus, 2015

This research attempts to answer the question of why some attorneys obtain a second advanced degree after their law degree. That is, if a law degree is all that is needed to practice law, then why do some attorneys continue with their studies, especially since they lack an economic incentive to do so? The research includes a literature review with background information on credentialism and human capital theory, on lawyers and law school, dissatisfaction, income and debt, alternatives to law, joint graduate degree programs, and gender. SPSS modeling is utilized to arrive at the conclusion that human capital theory and satisfaction account for lawyers' attainment of additional degrees.

A classic but unresolved debate regarding the American stratification system is the precise nature of the underlying causal processes by which education is associated with socioeconomic attainment. One traditional view of education is the technical-functional or human capital approach which posits that education augments productive capacities by imparting valuable analytic and cognitive abilities, technical competences, and significant social or communication skills. A contrasting view is the signaling approach, which downplays the intrinsic significance of schooling, and instead emphasizes the role of educational credentials in certifying, legitimating, and rationing employment in higher-paying jobs. As the labor market becomes increasingly polarized with the decline of unions and the downsizing of the traditional manufacturing sector, educational attainment is becoming increasingly significant for socioeconomic attainment, and this classic debate is thus becoming even more relevant to understanding inequality in contemporary America. To shed new light on this issue, this analysis investigates the 2003 National Survey of College Graduates, which includes data on workers’ assessments of the extent to which their educational background is utilized in their jobs and work activities. The results of this analysis indicate that individuals whose degrees are highly relevant to their current occupation have significantly higher salaries than individuals whose degrees are less relevant, controlling for the level of degree. These findings provide evidence for human capital arguments by showing that education which augments productive capacities has greater rates of return than education that simply provides one with higher levels of credentials. / text

The main purpose of this paper is to explore how the probability of taking continuing education programs towards no degree for job or career purposes after graduation will be affected by overeducation, which can be defined as having actual education levels that exceed requirements for the job. Using the data from the National Graduates Survey – Class of 2005-Public User Microdata File (PUMF) (Statistics Canada 2007), a probit model was estimated to test the hypothesis that graduates who are already overeducated would take fewer continuing education programs for job or career purposes. Possible reasons for the negative relationship between overeducation and the likelihood of taking continuing education programs after graduation were examined based on human capital theory.

<p>Recent studies claims that Sweden has the lowest returns on education compared to other OECD countries. Other research made in the subject tend to focus on the gains from education, but forget to calculate the costs, both direct cost such as material, accommodation and food, but also opportunity costs from not working instead of investing in education.</p><p>The purpose of this thesis is to study if an investment in an education is an effective way of monetary utility maximizing in Sweden, in other words income. This thesis will investigate whether education will be a profitable investment, and if so how many years of employment it will take an individual to gain from that investment.</p><p>The Human Capital theory is the theoretical framework of this thesis and the result is in Swedish Crowns. This research quantifies that an education is an effective way to income maximizing and men’s payback time in monetary terms are more likely to be shorter than female’s.</p>

The inability of business owners to hire skilled employees affects the profitability of a small business. Small business owners may attain profitability by understanding the value of military veterans and cultivating strategies for the hiring and recruitment process. The purpose of this qualitative multiple case study was to explore strategies that business owners in Fayetteville, North Carolina used to recruit military veterans as a means to acquire skilled employees to maximize productivity, profitability, and sustainability. The conceptual framework of this study included human capital theory and recruitment theory. The purposive sample consisted of 6 participants who were small business owners. Data from interviews and supporting documents were processed and analyzed using data source triangulation to identify 3 emergent themes. Findings indicated that, for these 6 Fayetteville small business owners, job description and transition workshops, resume review and communication, and accommodations and benefits were key attributes related to the successful recruitment of military veterans as skilled employees. Specifically, streamlined hiring processes, relationship building, and access to resources were predictive of a successful hire. Knowledge barriers regarding hiring processes prevented efficient communication between small business owners and military veterans, but business owners cultivated strategies to help with hiring military veterans. The implications for positive social change include the potential for business owners to capitalize on the skills that military veterans bring to the civilian workforce, which in turn may improve the economy.