human capital


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Related to human capital: Human Capital Management

human capital

the productive investment of resources in human beings rather than in plant and machinery In economics, such investment in human resources is appraised in comparison with levels of economic return from other kinds of investment. Clearly, investment in human capital begins in the family and continues in school and HIGHER EDUCATION, and is also affected by such inputs as provision for health care.

As a body of economic theory and associated empirical research, the human-capital theory of G. Becker, Human Capital (1975), explains income differentials as, in part at least, a return to human capital, e.g. the correlation between the number of years of formal education and earnings is so explained. The conclusion is often reached by human capital theorists that the returns to education are high. Similarly, POVERTY is sometimes explained as arising from a lack of human capital.

Challenges to the arguments of human-capital theory arise from a number of different sources, especially that the returns associated with education in fact arise from other sources, i.e. education may act merely as a filter or 'S creen’, and native ability or family background actually account for a significant proportion of the correlations between education and earnings (see SCREENING AND SCREENING HYPOTHESIS). Compare FUNCTIONALIST THEORY OF SOCIAL STRATIFICATION. see also CULTURAL CAPITAL.

References in periodicals archive ?
A second limitation of the study is the measure of human capital. The measure of human capital used in this study is a market-based measure of human capital.
Dubai: The 5th GCC HR and Labour Market Executive Conference will kick off on Sunday discussing human capital and the Gulf labour market.
This study continues the research of Christian (2010, 2014) and develops estimates of a series of human capital from 1975 to 2013 using the income-based approach of Jorgenson and Fraumeni (1989, 1992).
Government initiatives in human development has catapulted Qatar's ranking to advance by 11 points in the World Economic Forum's 2017 Human Capital Report, HE the Minister of Development Planning and Statistics Dr Saleh bin Mohamed al-Nabit has said.
The Tun Abdullah Ahmad Badawi Human Capital Summit series is aimed at appreciating the fifth prime minister for his concern on education, human capital and the nation's soft infrastructure.
The GDP trend is increasing after 1998 (economic crisis) and maybe related to macroeconomic variables which are foreign direct investment and human capital.
The only sensible reason to exclude human capital is for subject matter considerations.
He argues that "a 'proper' understanding of capital suggests that human capital is a logical component of the capital structure of the economy." Klein, on the other hand, takes a more narrow approach to understanding capital.
Pernia said the government is also developing methodologies and measurements on human capital and welfare, such as the Human Capital Index, Multi-dimensional Poverty Index, and the National Transfer Account.
The study concluded that human capital in all forms affecting the economic development of Central Asian countries.
Author Robert Hughes has said, "The book was written with Human Capital Management (HCM) Practitioners, Researchers and College students in mind.
[ClickPress, Tue Aug 06 2019] The human capital management market report provides analysis for the period 2016 -- 2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year.

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