Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/181668
Authors: 
Fix, Blair
Year of Publication: 
2018
Series/Report no.: 
Working Papers on Capital as Power 2018/07
Abstract: 
Human capital theory is the dominant approach for understanding personal income distribution. According to this theory, individual income is the result of "human capital". The idea is that human capital makes people more productive, which leads to higher income. But is this really the case? This paper takes a critical look at human capital theory and its explanation of personal income distribution. I find that human capital theory's claims are dubious at best. In most cases, the theory is either not supported by evidence, is so vague that it is untestable, or is based on circular reasoning. In short, human capital theory is a barrier to the scientific study of income distribution.
Subjects: 
human capital theory
income distribution
critique
hierarchy
productivity
power
URL of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Working Paper
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