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Sep 17, 2023 · The human capital theory posits that human beings can increase their productive capacity through greater education and skills training. Critics of the theory argue...
Human Capital Theory. Human capital theory, initially formulated by Becker (1962) and Rosen (1976), argues that individual workers have a set of skills or abilities which they can improve or accumulate through training and education. From: Bridges, Pathways and Transitions, 2017
The human-capital theory offers the theoretical framework in which labour economists started to study the impact of education and training on workers’ performance in the labour market. Human capital theory was launched by a supplement volume of the Journal of Political Economy on ‘Investments in Human Beings’ in 1962 (e.g. Becker, 1962 ...
Jan 1, 2017 · The purpose of this literature review is to clarify, investigate, and discuss by identifying and synthesizing the human capital theory and its implication for the benefit of both human...
The Basic Theory of Human Capital. 1. General Issues. One of the most important ideas in labor economics is to think of the set of marketable skills of workers as a form of capital in which workers make a variety of investments. This perspective is important in understanding both investment incentives, and the structure of wages and earnings.
human capital and concepts through human resources management, accounting and strategic management literature. Two key questions informed the development of this research, namely: 1 What is human capital, social capital and intellectual capital, and how are they considered in published academic literature?
This review of human capital theory begins in 1776 and ends in the 1960s, when the theoretical and empirical foundations of the field were articulated and established. The review is organized to provide a general reference to human capital theory, its historical development, and its major methodological approaches.
