Difference between revisions of "Human capital"
| Line 6: | Line 6: | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Human capital]]. The skills and education of workers. | :[[Human capital]]. The skills and education of workers. | ||
| − | + | According to [[Macroeconomics by Mankiw (7th edition)]], | |
| + | :[[Human capital]]. The accumulation of investments in people, such as education. | ||
==See also== | ==See also== | ||
Revision as of 16:53, 2 July 2020
Human capital is the combination of attitudes, social features, and personality attributes, including creativity, that is integrated into the KSAs needed in order to produce economic value through labor.
The World Bank owns the Human Capital Project and, particularly, calculates the Human Capital Index.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Human capital. The skills and education of workers.
According to Macroeconomics by Mankiw (7th edition),
- Human capital. The accumulation of investments in people, such as education.
