ERIC Number: EJ1032566
Record Type: Journal
Publication Date: 2014
Abstractor: As Provided
Reference Count: 45
Increasing Returns to Education and the Impact on Social Capital
Leeves, Gareth D.
Education Economics, v22 n5 p449-470 2014
The returns to education have been increasing. It is suggested that high-skilled workers' social capital investment has been adversely affected by the increasing incentives to devote human capital to career development. Lower social capital is linked to reduced economic growth and innovation and higher transaction costs and is detrimental to individual well-being. We find evidence to suggest there is an increasing opportunity cost associated with greater levels of social capital investment for high-skilled workers, especially those with more demands on their time. These results provide support for increased availability of work flexibility policies that can improve the work-life balance.
Descriptors: Social Capital, Outcomes of Education, Work Life Expectancy, Family Work Relationship, Human Capital, Data Analysis, Statistical Analysis, Skilled Workers, Investment, Educational Attainment, Educational Benefits, Salary Wage Differentials, Robustness (Statistics), Job Satisfaction, Cost Effectiveness, Leisure Time, Life Satisfaction, Family Characteristics, Gender Differences, Group Membership, Social Indicators
Publication Type: Journal Articles; Reports - Research
Education Level: Postsecondary Education; Higher Education
Authoring Institution: N/A