ECO261H5 Lecture Notes - Human Capital, Social Mobility, Occupational Segregation
Document Summary
Theoies of labour markets: human capital theory. Jobs which require more effort, training, skills receive greater rewards. System where everyone competes openly and fairly for jobs. Outcome : efficient + productive economy , allocation of job rewards are fair. Focuses on characteristics of people which determines their choice of career. Most dangerous/ un healthiest jobs are not always the best paid. Youth employment and their careers don"t match up to their amount of education attained. Returns on education are obtained in certain industrial sectors/ employers. Certain groups are more likely to have higher education ( social structure, tuition fees, Ignores class structure and unequal power relationships advantaged children are gifted ) Based on hct, we should see circulatory intergenerational mobility but often see inheritance of mobility. Mobility often is class based not merit based. Htc cannot explain why gender segregated labour markets exist ( e. g. women are employed mostly in certain industries with limited promotional opportunities)
