Human Capital Pricing And Wages Of Migrant Workers

I. Summary and main pointsIt is generally accepted that the theory concerning the price fixing of human capital is an evaluation on the price of human capital. However, it is argued in the dissertation that the price fixing of human capital determines the value of human capital, evaluating the value of human capital; the price of human capital is decided by market, with wage as its monetary manifestation.Different from the view that only certain persons with ability take human capital, the author adheres to the idea that the migrant rural worker is also a kind of human capital, although most of the human capital of migrant rural worker is simple capital. What's more, the human capital of peasant workers is mainly composed of the cost of human capital and the prospective yield value discount.1. The cost of human capital of migrant rural worker includes the cost of education input, cost of survival as well as other appending costs. The cost of education input refers to the apportion value of one's former education cost on one's career, while survival cost means the cost of maintaining equivalent working ability under certain social, economical and technical environment, mainly including living cost, medical treatment, social security and various kinds of education cost that maintain one not to be eliminated from his post. And appending cost refers to the cost of family-providing of migrant rural worker, mainly includes the expense for supporting the elders and kids, along with education expense.2. The prospective yield value discount of migrant rural workers is defined as the discount of value that they have created, which is part of the surplus value according to Marxist economic theory. Together with material capital, as capital investment, the human capital is rationalized to enjoy the proprietorship of surplus value. The essay takes the prospective yield value discount as the form for peasant workers to get involved in surplus value allocation.