Polachek, Solomon W. (contributor) - 2007
earnings profile for most individuals. Subsequent work by Ben-Porath motivates
some of the technical assumptions Mincer makes …
productivity?
8
III. The Theoretical Underpinnings: The Ben-Porath Model Lifecycle Model of
Human Capital Investment over …
Yoram Ben-Porath (1967).
1
Under the assumption that investments in oneself enhances
earnings, Ben-Porath devised a model …