
doi: 10.1086/260198
The theory of human capital' provides a convenient framework for analyzing the choice of occupation by individual workers. The present paper is devoted to an investigation of the implications of this framework. Section II briefly discusses the human capital approach to occupational choice. Section III reviews the conditional logit statistical model elaborated in McFadden (1968). Section IV discusses the generation of the data. Section V presents the empirical results of this study, that is, tests of hypotheses about the variables influencing occupational choice and estimates of the relative weights given to variables in selecting an occupation. Section VI offers a brief conclusion.
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