The Ports of Entry into the Labor Market. Analysis of the relative importance of education in obtaining employment

Abstract

This work aims to show how are the just criticisms that in recent years have been raised against the theory of human capital, which has always maintained that the allocation of jobs and wages always depends on the amount of human capital each person. This article proposes a vision that recognizes a single market, making it relevant the high heterogeneity that exists within the market and that has generated the false impression of many markets. This proposal recovers the notion of "port of entry" as an intellectual device that allows us to better explain the evident contradictions that are reached in the analysis of the labor market based on any of the existing theories