A Deus Ex Machina to Save Becker's Labor Theory

This paper proposes a new production function to offer a Deus Ex Machina to save Becker's labor theory. It proves that training does raise labor's efficiency and does not need any external cost. Moreover, it proves that training is increasing returns to scale, without using any endogenous capital

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Year of publication:	2018
Authors:	Choi, Hak
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Sparen \| Savings

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 3, 2016 erstellt
Other identifiers:	10.2139/ssrn.2847441 [DOI]
Classification:	M53 - Training ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012935457