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In 2004, "human capital" (German: Humankapital) was named the German Un-Word of the Year by a jury of linguistic scholars, who considered the term inappropriate and inhumane, as individuals would be degraded and their abilities classified according to economically relevant quantities. [44] "Human capital" is often confused with human development.
Jun 27, 2019 · In the 1960s, the term human capital was made popular by two American economists, Gary Becker and Jacob Mincer, who used it to describe the mixture of skills, knowledge, experience, habits and personality in each of us that can be put to productive use.
- Anna Bruce-Lockhart
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 concept of human capital has a long history. The objective of this chapter is to furnish the reader with a short overview of the interpretations that have been attached to the concept over the years. It is not intended to provide a comprehensive review of the economic history of the concept.
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.
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Sep 17, 2023 · In 1976, for instance, Harvard economist Richard Freeman argued that human capital only acted as a signal about talent and ability; real productivity came later through training, motivation,...
Jul 2, 2024 · Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills.