HUMAN-CAPITAL INVESTMENT IN RESOURCES-DOMINATED ECONOMIES

Authors
JOHNSON TG STALLMANN JI
Citation
Tg. Johnson et Ji. Stallmann, HUMAN-CAPITAL INVESTMENT IN RESOURCES-DOMINATED ECONOMIES, Society & natural resources, 7(3), 1994, pp. 221-233
Citations number
35
Categorie Soggetti
Sociology,"Environmental Studies
Journal title
Society & natural resources → ACNP
ISSN journal
08941920
Volume
7
Issue
3
Year of publication
1994
Pages
221 - 233
Database
ISI
SICI code
0894-1920(1994)7:3<221:HIIRE>2.0.ZU;2-A
Abstract
The paper relaxes the perfectly competitive market assumptions of huma n capital theory to derive hypotheses about the impacts of imperfect m arkets on incentives to invest in human capital, particularly educatio n. The paper then draws on existing studies to test whether the hypoth eses are supported or not for resources-dominated economies. Because o f imperfect markets, individuals may make human capital decisions that lead to poverty.