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Sep 17, 2023 · Human capital is the intangible economic value of a worker's experience and skills. The theory of human capital states that companies have an incentive to seek and invest in productive human capital, but it is also criticized for being flawed and simplistic.
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. About this page.
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...
Human Capital Theory refers to the study of the knowledge and experiences of small-scale business owners, with the assumption that the human capital of the founder improves the chances of survival for small firms.
A chapter from a labor economics textbook that explains the concept and sources of human capital, and the incentives to invest in it. It also discusses different views and uses of human capital, and the challenges of measuring and interpreting it.
Jan 1, 2020 · Research about human capital provided a sophisticated rationale to justify that a growing share of resources should be allocated to those activities developing skills and knowledge that could then be used with economic benefit in a multitude of market and nonmarket activities.
Jan 1, 2024 · Definition. Human capital refers to “the knowledge, skills, competencies, and attributes embodied in individuals that facilitate the creation of personal, social, and economic well-being” (OECD 2001). Description. Human capital is an economic concept (Becker 1964).
