What is human capital?

Human Capital

Human capital is the stock of competencies, knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. It is an aggregate economic view of the human being acting within economies, which is an attempt to capture the social, biological, cultural and psychological complexity as they interact in explicit and/or economic transactions. Many theories explicitly connect investment in human capital development to education, and the role of human capital in economic development, productivity growth, and innovation has frequently been cited as a justification for government subsidies for education and job skills training.

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Some articles on human capital:

Maurice Kugler - Research - International Migration
... under which migration can have a positive impact on human capital formation ... And there is an indirect channel since the greater supply of human capital can generate creation of skilled jobs, through a thick-market externality ... The likelihood that new human capital formation, associated with remittances, exceeds brain drain is higher in the context of well-functioning education systems and labor markets ...
Journal Of Human Capital
... The Journal of Human Capital is a quarterly academic journal published by the University of Chicago Press ... It covers theoretical and empirical research on the role of human capital in economics ... The journal is not dedicated to a single subfield of economics but uses human capital theory as a theme to explore nearly all areas of economic inquiry ...
Human Capital - Risk
... When human capital is assessed by activity based costing via time allocations it becomes possible to assess human capital risk ... Human capital risk occurs when the organization operates below attainable operational excellence levels ... reduce errors and rework (the Process component of human capital) from 10,000 hours per annum to 2,000 hours with attainable technology, the difference of 8,000 hours is human ...
Social Safety Net - Common Interventions - Conditional Cash Transfers
... behavioral requirements, generally related to improve their children's human capital, such regular school attendance and basic preventive health care ... an increase in the investment of human capital, thus becoming a very important tool for reducing the inter-generational transmission of inequality ... Opportunities Constraints Encourage the formation of human capital The joint responsibility between the program and its beneficiaries is critical in changing the political ...
Smart City - Policy Context
... the role of ICT infrastructure, but much research has also been carried out on the role of human capital/education, social and relational capital and environmental interest as ... Other definitions stress the role of human capital and education and learning in urban development ... Because not all cities are equally successful in investing in human capital, an educated labour force – the 'creative class' – is spatially ...

Famous quotes containing the words capital and/or human:

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