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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] Research indicates that human capital investments have high economic returns throughout childhood and young adulthood.[2][3]
Companies can invest in human capital; for example, through education and training, improving levels of quality and production.[4]
- ^ Goldin, Claudia. "Human Capital" (PDF). In Claude Diebolt; Michael Haupert (eds.). Handbook of Cliometrics.
- ^ a b Deming, David J. (2022). "Four Facts about Human Capital". Journal of Economic Perspectives. 36 (3): 75–102. doi:10.1257/jep.36.3.75. ISSN 0895-3309.
- ^ Hiel, Alain Van; Assche, Jasper Van; Cremer, David De; Onraet, Emma; Bostyn, Dries; Haesevoets, Tessa; Roets, Arne (2018). "Can education change the world? Education amplifies differences in liberalization values and innovation between developed and developing countries". PLOS ONE. 13 (6): e0199560. Bibcode:2018PLoSO..1399560V. doi:10.1371/journal.pone.0199560. PMC 6013109. PMID 29928058.
- ^ Kenton, Will. "Human Capital". Investopedia. Retrieved 2019-03-28.