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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 suggests that variations in human capital across individuals and firms contribute to differences in labor force outcomes, such as productivity and safety (Becker, 1962, 1964 ).
Jan 1, 2017 · In the knowledge-based economy, human resource is viewed as an invaluable asset capital that firm invested. Human capital theory seeks to explain the phenomena using the economics point of view.
CHAPTER 1. 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 section begins with a brief overview of the theoretical underpinnings of the study of human capital. The terminology of capital is instructive: human capital and decisions involved with it are the same type as decisions involving physical capital, such as equipment and buildings.
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
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?
