human capital

n. The accumulated knowledge and skills that make a workforce productive: "Individuals and nations become rich by investing in human capital" (Ben Stein).

human capital

n (Economics) economics the abilities and skills of any individual, esp those acquired through investment in education and training, that enhance potential income earning

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.

human capital

Human capital

The unique capabilities and expertise of individuals.

Human Capital

The measure of the output an employee with a certain skill set is able to make. The concept of human capital was developed in the 1960s and is founded on the idea that hard work, education, and skill development all lead to more output. As a result, companies are encouraged to invest in human capital through various means such as education and bonuses for exceptionally good work, among others.

human capital

the notion that human capabilities may be developed along the same lines as other forms of capital (e.g. PHYSICAL CAPITAL). Education and TRAINING are key elements of the human capital perpective. An economic perspective is typically applied to the analysis of human capital, and it is suggested that there are costs and returns to investments in human capital.

human capital

the body of human knowledge that contributes ‘know-how’ to productive activity. The knowledge base of a nation is added to by research and disseminated by teaching through general education and vocational training. INVESTMENT in human capital results in new, technically improved, products and production processes that improve ECONOMIC EFFICIENCY, and it can be as significant as physical CAPITAL in promoting ECONOMIC GROWTH. See ECONOMIC DEVELOPMENT.

单词	human capital
释义	human capital human capital n. The accumulated knowledge and skills that make a workforce productive: "Individuals and nations become rich by investing in human capital" (Ben Stein). human capital n (Economics) economics the abilities and skills of any individual, esp those acquired through investment in education and training, that enhance potential income earning human capital 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. human capital Human capital The unique capabilities and expertise of individuals. Human Capital The measure of the output an employee with a certain skill set is able to make. The concept of human capital was developed in the 1960s and is founded on the idea that hard work, education, and skill development all lead to more output. As a result, companies are encouraged to invest in human capital through various means such as education and bonuses for exceptionally good work, among others. human capital the notion that human capabilities may be developed along the same lines as other forms of capital (e.g. PHYSICAL CAPITAL). Education and TRAINING are key elements of the human capital perpective. An economic perspective is typically applied to the analysis of human capital, and it is suggested that there are costs and returns to investments in human capital. human capital the body of human knowledge that contributes ‘know-how’ to productive activity. The knowledge base of a nation is added to by research and disseminated by teaching through general education and vocational training. INVESTMENT in human capital results in new, technically improved, products and production processes that improve ECONOMIC EFFICIENCY, and it can be as significant as physical CAPITAL in promoting ECONOMIC GROWTH. See ECONOMIC DEVELOPMENT.
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