What is so magic about sixteen? Available to Purchase

In recent years economists have been developing the concept of investment in human capital, despite misgivings in some quarters about the unhealthy overtones of the concept itself. A spin‐off from work of Professors Becker and Mincer has been the analysis of training and the distribution between general and specific training. But it is preferable to begin by talking about education and then to see occupational training as a special form of education. It is then possible to look at the implications of this distinction upon the school leaving age.