Open AccessPosted Content
Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education
TLDR
In this paper, the impact of investments in human capital on an individual's potential earnings and psychic income was analyzed, taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level.Abstract:
A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP)read more
Citations
More filters
Forms of Capital
TL;DR: The notion of capital is a force inscribed in objective or subjective structures, but it is also a lex insita, the principle underlying the immanent regularities of the social world as mentioned in this paper, which is what makes the games of society, not least the economic game, something other than simple simple games of chance offering at every moment the possibility of a miracle.
Book ChapterDOI
The Forms of Capital
TL;DR: In this article, the authors define cultural capital as accumulated labor that, when appropriated on a private, that is, exclusive, basis by agents or groups of agents, enables them to appropriate social energy in the form of reified or living labor.
Journal ArticleDOI
Property Rights and the Nature of the Firm
Oliver Hart,John Moore +1 more
TL;DR: In this article, the authors provide a framework for addressing the question of when transactions should be carried out within a firm and when through the market, by identifying a firm with the assets that its owners control.
Journal ArticleDOI
Predictors of objective and subjective career success: a meta‐analysis
TL;DR: In this paper, a meta-analysis reviewed four categories of predictors of objective and subjective career success: human capital, organizational sponsorship, sociodemographic status, and stable individual differences.
Posted Content
Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems
David Card,David Card +1 more
TL;DR: In this paper, a set of recent studies have attempted to measure the causal effect of education on labor market earnings by using institutional features of the education system as exogenous determinants of schooling outcomes.