Printer Friendly
The Free Dictionary
1,037,166,064 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Human Capital
(redirected from Human Capital Theory)

    Also found in: Wikipedia, Hutchinson 0.04 sec.
Human Capital
A measure of the economic value of an employee's skill set. This measure builds on the basic production input of labor measure where all labor is thought to be equal. The concept of human capital recognizes that not all labor is equal and that the quality of employees can be improved by investing in them. The education, experience and abilities of an employee have an economic value for employers and for the economy as a whole.

Notes:
Economist Theodore Schultz invented the term in the 1960s to reflect the value of our human capacities. He believed human capital was like any other type of capital it could be invested in through education, training and enhanced benefits that will lead to an improvement in the quality and level of production.

Human capital
The unique capabilities and expertise of individuals.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
Sharf's (2006) human capital theory is a theory that career development professionals could consider when working with Black/African American students.
Differences between Black/African American and White college students ... by Fuller, David P. / Career Development Quarterly
Human capital theory has a focus on the labour needs of nation-states and the 'human capital theory of education'--a concept emerging from neo--classical economic theory which earned Garry Becket (1957) a Nobel Prize and has dominated educational programs since the 1960s in New Zealand as well as Australia and Canada (Marginson, 1993).
Global teachers with globite cases by Reid, Carol / Australian Journal of Education
On the supply side, classical human capital theory states that the low level or low quality of education received by African Americans explains why African Americans make less money than Caucasians (Becker 1993).
English non-fluency and income penalty for Hispanic workers by Yang, Song / Journal of Sociology & Social Welfare
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.. Terms of Use.