Chan, Wing Kit; Ngok, Kinglun
Since 1999, the expansion of higher education has been viewed as an important step in accumulating human capital for China that was to gradually open its domestic sectors to the global market at a turbulent time at the turn of the century. Recent studies suggest that the improvement of human capital has succeeded in preparing China with a solid…
Abel, Jaison R.; Deitz, Richard
We investigate whether the degree production and research and development (R&D) activities of colleges and universities are related to the amount and types of human capital present in the metropolitan areas where the institutions are located. We find that degree production has only a small positive relationship with local stocks of human capital,…
Gao, Ni; Schmidt, Lisa T; Gill, Kenneth J; Pratt, Carlos W
Human Capital Theory, a well-established model from the field of economics, maintains that a person's lifetime earnings are affected by the amount of education and job training they receive. This study uses Human Capital Theory to predict wages and explain employment outcomes among individuals living with psychiatric illnesses. Hourly wages were examined between 100 individuals with mental illnesses and 100 matched comparisons who had no mental illnesses. The study found that participants with mental illnesses earned $12.19 an hour vs. $14.54 an hour earned by their counterparts without disability. The study also revealed that higher educational attainment and longer work history predicted higher wages among participants with mental illnesses. The severity of psychiatric symptoms and diagnosis, however, did not predict wages. These findings indicate that human capital variables are correlated with wages earned by persons living with mental illnesses. Findings also suggest that assisting mental health consumers in the pursuit of education and job training may increase earning potential which can lead to financial independence and community integration. This supports the value in developing and implementing Supported Education to assist consumers in acquiring education and job training.
Title: Modern Human Capital Management Seminar date: 30th of May 2008 Course: Master thesis in Business Administration, 15 ECTS Authors: Madita Feldberger Supervisor: Lars Svensson Keywords: Human capital, SWOT Analysis, Strategic Map, Balanced Scorecard Research Problem: Despite of the success of Human Capital Management (HCM) in research it did not arrive yet in the HR departments of many companies. Numerous firms even have problems to set their strategic goals with focus on HR. The HR Bala...
The article considers the content and the structure of human capital. The term “human capital” is viewed as people’s abilities toparticipate in the production process in order to make use of their potential skills. A particular attention is paid to the meaning ofsocial capital and its role in the formation of human capital. It is proven that there is not much research on the connection betweenhuman and social capital. Human development index in Ukraine and 20 leading counties of the global ra...
Rodolfo E. Manuelli
Perhaps no question has attracted as much attention in the economics literature as “Why are some countries richer than others?” In this article, the author revisits the “development problem” and provides some estimates of the importance of human capital in accounting for cross-country differences in output per worker. His results suggest that human capital has a central role in determining the wealth of nations and that the quality of human capital varies systematically with the level of deve...
Ph. D. Student Ioana - Julieta Josan
Full Text Available Once with the development of the human capital theory, the education received an economic value. Leading theorists and specialists in the field have shown that the remarkable economic effects of the investments in education influence the chances of acquiring a job and earnings, demonstrating how the theory justifies such an investment. At the hand, the allocation of resources in human capital brings performance and benefits to companies investing in their employees. Also, the investment in human capital is strategic for any country that seeks to create a knowledge economy. Considering the above arguments, the aim of this paper is to highlight the characteristics of investment in human capital, the types of investment, the factors of education investment and the entities interested in investing and their benefits.
Ph. D. Student Ioana - Julieta Josan
Once with the development of the human capital theory, the education received an economic value. Leading theorists and specialists in the field have shown that the remarkable economic effects of the investments in education influence the chances of acquiring a job and earnings, demonstrating how the theory justifies such an investment. At the hand, the allocation of resources in human capital brings performance and benefits to companies investing in their employees. Also, the investment in hu...
Full Text Available A study of sustainability needs to consider the role of all forms of capital—natural, biological, social, technological, financial, cultural—and the complex ways in which they interact. All forms of capital derive their value, utility and application from human mental awareness, creativity and social innovation. This makes human capital, including social capital, the central determinant of resource productivity and sustainability. Humanity has entered the Anthropocene Epoch in which human changes have become the predominant factor in evolution. Humanity is itself evolving from animal physicality to social vitality to mental individuality. This transition has profound bearing on human productive capabilities, adaptability, creativity and values, the organization of economy, public policy, social awareness and life styles that determine sustainability. This article examines the linkages between population, economic development, employment, education, health, social equity, cultural values, energy intensity and sustainability in the context of evolving human consciousness. It concludes that development of human capital is the critical determinant of long-term sustainability and that efforts to accelerate the evolution of human consciousness and emergence of mentally self-conscious individuals will be the most effective approach for ensuring a sustainable future. Education is the primary lever. Human choice matters.
To strategically manage human capital in education means restructuring the entire human resource system so that schools not only recruit and retain smart and capable individuals, but also manage them in ways that support the strategic directions of the organization. These management practices must be aligned with a district's education improvement…
Shayegheh Ashourizadeh, Shayegheh; Rezaei, Shahamak; Schøtt, Thomas
Abstract: It is widely acknowledged that entrepreneurs’ human capital in form of education and social capital in form of networking are mutually beneficial and also that both human and social capital benefit their performance. Here, the hypothesis is that human and social capital, in combination......, provide added value and jointly add a further boost to performance, specifically if the form of exporting. Global Entrepreneurship Monitor provides data on 52,946 entrepreneurs, who reported on exporting and networking for advice. Hierarchical linear modelling shows that human capital promotes social...... capital, that human capital and social capital (specifically networking in the international environment, work-place, professions and market, but not in the private sphere) both benefit export directly and that human capital amplifies the benefit of social capital, especially through international...
Sen Amartya Kumar
Full Text Available En este articulo se examinan las relaciones y diferencias entre el concepto de 'capital humano' y el concepto de 'capacidad humana'. El concepto de capital humano es mas limitado puesto que solo concibe las cualidades humanas en su relación con el crecimiento económico mientras que el concepto de capacidades da énfasis a la expansión de libertad humana para vivir el tipo de vida que la gente considera valedera. Cuando se adopta esa visión mas amplia, el proceso de desarrollo no puede verse simplemente como un incremento del PIB sino como la expansión de la capacidad humana para llevar una vida mas libre y mas digna.In this article the relationships and the differences between the concept of 'human capital' and the concept of 'human capability' are examined. The concept of human capital is more limited since it only conceives human qualities in relation to economic growth, whereas the concept of capabili ties puts emphasis on the expansion of human freedom to live the kind of life that people judge valuable. Whenthis broader vision is adopted, the process of development cannot be seen as simply an increase in the GNP, but rather as the expansion of the human capability to live a more free and worthy life.
HANNES OTTÓSSON; KIM KLYVER
Using data collected from 714 entrepreneurs in a random sample of 10,000 Danes, this study provides an investigation of the effect of human capital on social capital among entrepreneurs. Previous entrepreneurship research has extensively investigated the separated effect of human capital and social capital on different entrepreneurial outputs. The study takes a step back and investigates how these two capital concepts are related — specifically how human capital influences social capital. In ...
Ioana Julieta Josan
Full Text Available The new organizational changes caused by social, economic and politic reforms led to a shift in the strategic management of the companies. The growing need for professionals, who know how to generate profits, is growing and increase confidence of partners and clients, find new ideas and adapt to a dynamic market. Therefore, internally, we need an efficient management of human resources to find and retain the most suitable and efficient people which will increase productivity and face the increased acting globally competition. Currently, companies that succeed are the ones that integrate in their business strategy, an important component of development and valuation human capital. The paper aims to analyze and highlight the importance of human capital in the new organizational strategies, focused on achieving a high level of competitiveness, innovation and excellence.
Leeves, Gareth D.
The returns to education have been increasing. It is suggested that high-skilled workers' social capital investment has been adversely affected by the increasing incentives to devote human capital to career development. Lower social capital is linked to reduced economic growth and innovation and higher transaction costs and is detrimental to…
How much does disease depress development in human capital and income around the world? I discuss a range of micro evidence, which finds that health is both human capital itself and an input to producing other forms of human capital. I use a standard model to integrate these results and suggest a reinterpretation of much of the micro literature. I then discuss the aggregate implications of micro estimates but note the complications in extrapolating to general equilibrium, especially because o...
Sequeira, Tiago; Santos, Marcelo,; Ferreira-Lopes, Alexandra
The determinants of human capital have been studied sparsely in the literature. Although there is a huge literature on the determinants of schooling linked with the quality of schooling, there are not many contributions that explore the deep determinants of investment in, quantity and quality of human capital. This paper investigates the relationship between human capital and the ancestral genetic diversity of populations. It highlights a strong hump-shaped relationship between genetic divers...
.... This article elaborates the human capital management strategy within the Army Nurse Corps, which identifies, develops, and implements key talent management strategies under the umbrella of the Corps...
Frederiksen, Anders; Kato, Takao
formal schooling and subsequent human capital obtained informally on the job are found to be complements in the production of career success. Fourth, though there is a large body of the literature on the relationship between firm-specific human capital and wages, the relative value of firm-specific human...
Frederiksen, Anders; Kato, Takao
Using Danish registry data covering the population of Danish workers, we provide new and robust evidence with external validity on the importance of the breadth of human capital for top management appointments, and support/enrich the human capital theory of corporate leadership by Gibbons and Wal...
Marsh, Thomas L.; Yoder, Jonathan; Deboch, Tesfaye; McElwain, Terry F.; Palmer, Guy H.
To fulfill the United Nation?s Sustainable Development Goals (SDGs), it is useful to understand whether and how specific agricultural interventions improve human health, educational opportunity, and food security. In sub-Saharan Africa, 75% of the population is engaged in small-scale farming, and 80% of these households keep livestock, which represent a critical asset and provide protection against economic shock. For the 50 million pastoralists, livestock play an even greater role. Livestock...
Hansen, Teis; Winther, Lars; Hansen, Ronnie Fibæk
capital appears to be equally important for economic development in low-tech industries and, second, that the divide between the large urban regions, especially Copenhagen, and the rest of the country plays the primary role in explaining the geography of human capital. These findings stress the relevance......An essential feature associated with the rise of the knowledge economy has been the increasing focus on the importance of human capital as a precondition for economic growth. Human capital has been found to have a positive impact on the economic growth of high-tech industries, however......, the influence of human capital on the development of low-tech industries is yet to be analysed. This paper provides such an examination of low-tech industries based on an analysis of employment data within manufacturing industries in Denmark in the period 1993–2006. The findings highlight, first, that human...
Large organizations, including the US Army Medical Department and the Army Nurse Corps, are people-based organizations. Consequently, effective and efficient management of the human capital within these organizations is a strategic goal for the leadership. Over time, the Department of Defense has used many different systems and strategies to manage people throughout their service life-cycle. The current system in use is called Human Capital Management. In the near future, the Army's human capital will be managed based on skills, knowledge, and behaviors through various measurement tools. This article elaborates the human capital management strategy within the Army Nurse Corps, which identifies, develops, and implements key talent management strategies under the umbrella of the Corps' human capital goals. The talent management strategy solutions are aligned under the Nurse Corps business strategy captured by the 2008 Army Nurse Corps Campaign Plan, and are implemented within the context of the culture and core values of the organization.
Le Grange, L.
In this article I initiate a debate into the (de)merits of human capital theory and human capability theory and discuss implications of the debate for higher education. Human capital theory holds that economic growth depends on investment in education and that economic growth is the basis for improving the quality of human life. Human capable…
Full Text Available Theories of human capital are becoming an increasingly common reference in both newer pedagogical theories as well as political documents, outlining the plans for reforms of science and education. As a part of broader ideology of knowledge society, human capital theories represent ideological legitimation of neoliberal trends in science and education policies. Increased investment in human capital on both social and individual level is supposed to increase the competitiveness of the economy as a whole as well as employability and welfare of individuals. In the first part of the article, we sketch the intellectual history and the socio-political context of the development of theories of human capital. Second part is dedicated to a critique of characteristically neoliberal equalization of labor with capital and of a theory, according to which investment in human capital brings profits to individual workers. In the third part, we outline a general socio-historical dynamics of the development of high-tech capitalism and show that “investments in human capital” and economic innovations do not bring about increased social welfare. In the fourth, final part, we analyze in detail how current educational reforms impact the learning process and working conditions at public universities.
Aguero, Jorge; Balcazar, Carlos Felipe; Maldonado, Stanislao; Ñopo, Hugo
How do resource booms affect human capital accumulation? We exploit time and spatial variation generated by the commodity boom across local governments in Peru to measure the effect of natural resources on human capital formation. We explore the effect of both mining production and tax revenues on test scores, finding a substantial and statistically significant effect for the latter. Transfers to local governments from mining tax revenues are linked to an increase in math test scores of aroun...
European Report on Development Brain Circulation between the European Union (EU) and Sub-Saharan Africa is a crucial ingredient in Human Capital formation in the latter. A major constraint to African development is the very low base of skilled and highly educated workers and professionals. The production of skilled workers has been low, and only recently has seen a dramatic increase. Recent papers by many authors have indicated that a channel for human capital growth has been, ...
Østergaard, Annemarie; Marinova, Svetla Trifonova
for entrepreneurial success and ultimately, for business growth and development. The increasing literature debating human capital confirms the relevance of locating and refining the factors for entrepreneurial success. Consequently, this paper improves the roadmap of Entrepreneurship Ecosystems by adding the innate......Since Adam Smith (1776) took consideration to human capital as an asset of economic value, academic interest has focused on the economic effects of human capital. In 1931, Schumpeter called for a focus on the individual entrepreneur or the creative destructor with his/her motives, wishes......, aspirations and activities when dealing with entrepreneurship and entrepreneurs. Along these lines, this paper focuses on an in-depth investigation of the domain of human capital in Isenbergs Entrepreneurship Ecosystem. It captures the entrepreneurial mindset of the highly complex individual as a requisite...
Østergaard, Annemarie; Marinova, Svetla Trifonova
Since Smith (1776) took consideration to human capital as an asset of economic value, academic interest has focused on the economic effects of human capital. In 1931, Schumpeter called for a focus on the individual entrepreneur or the creative destructor with his/her motives, wishes, aspirations...... and activities when dealing with entrepreneurship and entrepreneurs. Along these lines, this paper focuses on an in-depth investigation of the domain of human capital in Isenberg's entrepreneurship ecosystem. It captures the entrepreneurial mindset of the highly complex individual as a requisite...... for entrepreneurial success and ultimately, for business growth and development. The increasing literature debating human capital confirms the relevance of locating and refining the factors for entrepreneurial success. Consequently, this paper improves the roadmap of entrepreneurship ecosystems by adding the innate...
B. Jacobs (Bas); A.L. Bovenberg (Lans)
textabstractThis paper analyzes optimal linear taxes on capital and labor incomes in a life-cycle model of human capital investment, financial savings, and labor supply with heteroge- nous individuals. A dual income tax with a positive marginal tax rate on not only labor income but also capital
How much does disease depress development in human capital and income around the world? I discuss a range of micro evidence, which finds that health is both human capital itself and an input to producing other forms of human capital. I use a standard model to integrate these results, and suggest a re-interpretation of much of the micro literature. I then discuss the aggregate implications of micro estimates, but note the complications in extrapolating to general equilibrium, especially because of health's effect on population size. I also review the macro evidence on this topic, which consists of either cross-country comparisons or measuring responses to health shocks. Micro estimates are 1-2 orders of magnitude smaller than the cross-country relationship, but nevertheless imply high benefit-to-cost ratios from improving certain forms of health.
How much does disease depress development in human capital and income around the world? I discuss a range of micro evidence, which finds that health is both human capital itself and an input to producing other forms of human capital. I use a standard model to integrate these results, and suggest a re-interpretation of much of the micro literature. I then discuss the aggregate implications of micro estimates, but note the complications in extrapolating to general equilibrium, especially because of health’s effect on population size. I also review the macro evidence on this topic, which consists of either cross-country comparisons or measuring responses to health shocks. Micro estimates are 1–2 orders of magnitude smaller than the cross-country relationship, but nevertheless imply high benefit-to-cost ratios from improving certain forms of health. PMID:24147187
Schultz, T Paul
A consensus has been forged in the last decade that recent periods of sustained growth in total factor productivity and reduced poverty are closely associated with improvements in a population's child nutrition, adult health, and schooling, particularly in low-income countries. Estimates of the productive returns from these three forms of human capital investment are nonetheless qualified by a number of limitations in our data and analytical methods. This paper reviews the problems that occupy researchers in this field and summarizes accumulating evidence of empirical regularities. Social experiments must be designed to assess how randomized policy interventions motivate families and individuals to invest in human capital, and then measure the changed wage opportunities of those who have been induced to make these investments. Statistical estimation of wage functions that seek to represent the relationship between wage rates and a variety of human capital stocks may yield biased estimates of private rates of return from these investments for a variety of reasons. The paper summarizes several of these problems and illustrates how data and statistical methods can be used to deal with some of them. The measures of labor productivity and the proxies specified for schooling and adult health are first discussed, and then the functional relationships between human capital and wages are described. Three types of estimation problem are discussed: (1) bias due to omitted variables, such as ability or frailty; (2) bias due to the measurement of an aggregation of multiple sources of human capital, e.g. genetic and socially reproducible variation, which may contribute to different gains in worker productivity; and (3) errors in measurement of the human capital stocks. Empirical examples and illustrative estimates are surveyed.
Full Text Available The Organization for Economic Cooperation and Development (OECD describes human capital as “knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic wellbeing.”* It follows from this interpretation that investment in human capital includes the sum of all costs that allow a new being to reach economic autonomy. In this paper we analyze the family and social dimensions of human capital and discuss how decisions on human capital formation are taken and how its associated costs are shared. The discussion leads us to identify an important paradox underlying human capital formation, namely the fact that while families are its main contributors the benefits of such investment go primarily to society as a whole. This paradox and its consequences are central to two very important current issues. The first issue, one that is common to many developed countries, is low female fertility which is the source, in particular, of population aging. The second issue, affecting chiefly developing countries, is the inequality of opportunities, a problem lying at the root of underdevelopment. Two options are discussed to respond to this dilemma, one based on redistributive programs and another on market solutions. The paper discusses the limits inherent to redistributive programs and goes on to present at length the alternative market solution. In a nutshell this consists of securitizing the human capital of individuals so as to finance the expenses leading to their upbringing, from birth to adulthood. In addition to describing this scheme the paper analyzes its advantages as well as the difficulties associated with its implementation. It concludes by exploring possible interpretations of the scheme and feasible routes for its adoption.
Department of Transportation — AVS is now required to collect, track, and report on data from the following Flight, Business and Workforce Plan. The Human Resource Management’s Performance Target...
Verhoglyadova N. I.
Full Text Available The article is devoted to researching the nature of human capital, its internal structure, comparative characteristics of human capital and other economic categories; factors of its forming under present conditions of transformations in the economy of Ukraine.
Kubin, Ingrid; Zörner, Thomas
We augment a model of endogenous credit cycles by Matsuyama et al.(2016) with human capital to study the impact of human capital on the stability of central economic aggregates. Thus we offer a linkage between human capital formation and credit market instability on a macrolevel combined with an analysis of functional income distribution. Human capital is modelled as pure external effect of production following a learning-by-producing approach. Agents have access to two different investment p...
Human capital wordt door diverse auteurs gezien als een ‘value driver’. Er is echter weinig bekend over de wijze waarop ondernemingen human capital meten en sturen en hoe beleggers op de kapitaalmarkt reageren op human capital informatie die door ondernemingen wordt verstrekt. In dit artikel wordt
B. Jacobs (Bas); A.L. Bovenberg (Lans)
textabstractThis paper analyzes optimal linear and non-linear taxes on capital and labor incomes in a life-cycle model of human capital investment, financial savings, and labor supply with heterogenous individuals. A dual income tax with a positive marginal tax rate on not only labor income but also
Damiano Kulundu Manda; Germano Mwabu; Mwangi S. Kimenyi
We use survey data of full-time workers in Kenya to analyse the effect of human capital externalities on earnings and private returns to education. The estimation results show that education human capital generally associates with positive externalities, indicating that an increase in education benefits all workers. However, the results reveal that men benefit more from women's education than women do from men's schooling. The effects of human capital externalities on private returns to schoo...
Prof. Dr. Adem KALÇA
Full Text Available By means of the free movements of production factors in the world economy, countries can easily reach the production factors which their economies lack. Having aroused as an additional factor besides the production factors especially in today’s age, and being regarded as an important production factor by many academics, information has been an important factor for increasing the growth rate of both developing and developed countries. This enables countries to develop without being dependent on their own production factors. However, developing countries have difficulties in sustaining their growth acceleration because of the problems they have in both finding qualified labor power and accessing technology and capital. For this reason, many developing countries search alternative ways for solving this problem and sustaining their growth trend. When the countries which have reached high growth rates and sustain these rates despite the economical crises are analyzed, it can be observed that many of these countries have based their growth economies on information technologies, and benefit from their Diasporas for developing these technologies. It can easily be seen from the studies that while the countries, especially China and India, which have made important economical progresses in the last 10-15 years, they have get fundamental befits from their diasporas. Many developing countries need humane capital as much as they do capital. While these countries benefit from foreign investors for the capital they need, they cannot find a foreign resource that can provide them with labor power necessary for humane capital. Within this respect, the countries (China, India and South Korea etc. having Diasporas with qualified labor power, try to provide the humane capital they need from these groups. Many Asian and European countries such as China, India and Israel, have tried to meet their humane capital need by getting benefit from Diaspora members who have
Despite a longstanding belief that education importantly affects the process of immigrant assimilation, little is known about the relative importance of different mechanisms linking these two processes. This paper explores this issue through an examination of the effects of human capital on one dimension of assimilation, immigrant intermarriage. I argue that there are three primary mechanisms through which human capital affects the probability of intermarriage. First, human capital may make i...
Full Text Available Formal education, personal abilities and the health state play an important role in this paper. Those are all essential constituent elements of the human capital. In the present paper we intend to present briefly the fundamental concepts of the human capital, with an emphasis on education and abilities. We also mark out the importance of the human capital development in the purpose of maintaining the development and the motivation of the human resources, which are the main premises organizations need to capitalize. The higher education has a determinant role in the attainment of this desideratum.
literature consulted revealed that government contribution to education and human capital development is ..... developed human capital, entrepreneurship abilities and successes would not develop and grow and Nigeria ... From the review of literature, it was obvious that education and human resource development is at ...
Völlmecke, Dominik; Jindra, Björn; Marek, Philipp
This study examines income convergence in regional GDP per capita for a sample of 269 regions within the European Union (EU) between 2003 and 2010. We use an endogenous broad capital model based on foreign direct investment (FDI) induced agglomeration economies and human capital. By applying...... within Central and East European countries (CEECs), where we find indications of a poverty trap. In contrast to FDI, regional human capital seems to be associated with higher income levels. However, we identify a positive interaction of FDI and human capital in their relation with income growth dynamics....
Potelienė, Simona; Tamašauskienė, Zita
According to human capital theory, knowledge and skills incorporated in the individual can be referred to as capital and all activities with which the present input makes future yields while the productivity of the individual grows can be interpreted as an investment. This research considers higher education as an investment decision and presents empirical evidence on the private return on this investment. We calculate the private net present value of higher education (i.e. human capital) and...
Wawire, Nelson W.; Nafukho, Fredrick M.
Despite economic theory postulating that increases in investment in human capital and physical capital leads to increase in economic growth, in the Kenyan case, this has not been true. This paper empirically examines the contribution of human capital and physical capital to economic growth in Kenya. Measures to be undertaken by higher education…
Bhatt, Monica; Behrstock, Ellen; Cushing, Ellen; Wraight, Sara
Training, recruiting, developing, and supporting talented and effective educators throughout their careers is known as human capital resource management (HCRM) in education. HCRM has been identified in recent literature as one of the ways in which districts and states may increase school effectiveness and improve student learning (Heneman &…
Behrstock, Ellen; Bhatt, Monica; Cushing, Ellen; Wraight, Sara
Training, recruiting, developing, and supporting talented and effective educators throughout their careers is known as human capital resource management (HCRM) in education. HCRM has been identified in recent literature as one of the ways in which districts and states may increase school effectiveness and improve student learning (Heneman &…
Meyer, Cassandra; Bhatt, Monica; Wraight, Sara; Behrstock, Ellen; Cushing, Ellen
Training, recruiting, developing, and supporting talented and effective educators throughout their careers is known as human capital resource management (HCRM) in education. HCRM has been identified in recent literature as one of the ways in which districts and states may increase school effectiveness and improve student learning (Heneman &…
Bhatt, Monica; Wraight, Sara; Behrstock, Ellen; Cushing, Ellen
Meyers, Coby; Bhatt, Monica; Wraight, Sara; Behrstock, Ellen; Cushing, Ellen
Cushing, Ellen; Bhatt, Monica; Wraight, Sara; Behrstock, Ellen; Meyer, Cassandra
Meyer, Cassandra; Bhatt, Monica; Wraight, Sara; Behrstock, Ellen; Cushing, Ellen
Oosterbeek, H.; Groot, W.J.N.
In this paper the authors extend the standard human capital model with the probability of becoming unemployed and uncertainty about future earnings. Their analysis deviates from earlier human capital uncertainty models in assuming risk neutral decisionmakers. This allows a straightforward comparison
Tsai, Chun-Li; Hung, Ming-Cheng; Harriott, Kevin
The objective of this paper is to analyze the effect of various compositions of human capital on economic growth. We construct alternative measures of human capital composition using five fields of study. In each instance, the measure represents the number of graduates in the respective field as a percentage of all graduates. The measures are as…
Growiec, Jakub; Groth, Christian
Based on a general framework for computing the aggregate human capital stock under heterogeneity across population cohorts, the paper derives aggregate human capital stocks in the whole population and in the labor force, and relates these variables to average years of schooling and average work...
Ardichvili, Alexandre; Zavyalova, Elena; Minina, Vera
Purpose: The goal of this article is to conduct macro-level analysis of human capital (HC) development strategies, pursued by four countries commonly referred to as BRICs (Brazil, Russia, India, and China). Design/methodology/approach: This analysis is based on comparisons of macro indices of human capital and innovativeness of the economy and a…
Shaffer, Leigh S.; Zalewski, Jacqueline M.
We began this series by addressing the challenges of career advising in a volatile, uncertain, complex, and ambiguous environment. In this article, we define human capital and suggest that advisors encourage students to utilize the principle of maximizing human capital when making decisions. We describe the personal traits and attitudes needed to…
Full Text Available The issue of human capital is increasingly attracting the attention of both theorists and practitioners, because at present human resources play a decisive role in the creation of competitive economies and business entities. Human capital and knowledge are becoming key factors in the area of entity competitiveness. Consequently, human capital is currently being analysed in a multi-faceted way in the context of numerous economic theories. The aim of this study is to summarize, analyse, and synthesise the information published on the subject of the theory of human capital and to present new theories and scientific paradigms. The theories presented in this study show that employees constitute the basic capital of modern organizations. One of the contemporary paradigms of modern management is the concept of knowledge-based economy and the paradigm of information technology. This article is based on literature studies and theoretical reflections of the author.
Kocakülâh, Mehmet C; Harris, Donna
Each organization should seek to maximize its human capital investments, which ultimately lead to increased profits and asset efficiency. Service companies utilize less capital equipment and more human productivity, customer service, and/or delivery of service as the product. With the measurement of human capital, one can understand what is happening, exercise some degree of control, and make positive changes. Senior management lives or dies by the numbers and if Human Resources (HR) really wants to be a strategic business partner, HR must be judged by the same standards as everyone else in the health care organization.
Nureev, R. M.
In the broad sense of the word human capital is a specific form of capital that is embodied in people themselves. It consists of the individual's reserve of health, knowledge, skills, abilities, and motivations that enable him to increase his labor productivity and give him an income in the form of wages, salaries, and other income. The structure…
Full Text Available This paper studies dynamic interdependence among physical capital, resource and human capital. We integrate the Solow one-sector growth, Uzawa-Lucas two-sector and some neoclassical growth models with renewable resource models. The economic system consists of the households, production sector, resource sector and education sector. We take account of three ways of improving human capital: Arrow’s learning by producing (Arrow, 1962, Uzawa’s learning by education (Uzawa, 1965, and Zhang’s learning by consuming (Zhang, 2007. The model describes a dynamic interdependence among wealth accumulation, human capital accumulation, resource change, and division of labor under perfect competition. We simulate the model to demonstrate existence of equilibrium points and motion of the dynamic system. We also examine effects of changes in the productivity of the resource sector, the utilization efficiency of human capital, the propensity to receive education, and the propensity to save upon dynamic paths of the system.
Do low fertility and population aging lead to economic decline if couples have fewer children, but invest more in each child? By addressing this question, this article extends previous work in which the authors show that population aging leads to an increased demand for wealth that can, under some conditions, lead to increased capital per worker and higher per capita consumption. This article is based on an overlapping generations (OLG) model which highlights the quantity–quality tradeoff and the links between human capital investment and economic growth. It incorporates new national level estimates of human capital investment produced by the National Transfer Accounts project. Simulation analysis is employed to show that, even in the absence of the capital dilution effect, low fertility leads to higher per capita consumption through human capital accumulation, given plausible model parameters. PMID:20495605
Sukarno, Gendut; Nirawati, Lia
Penilaian kinerja Perusahaan berbasis human capital merupakan hal menarik yang perlu dikembangkan oleh Perusahaan. Human capital merupakan salah satu komponen utama dari intellectual capital (intangible asset) yang dimiliki Perusahaan. Selama ini, penilaian terhadap kinerja Perusahaan lebih banyak menggunakan sumber daya yang bersifat fisik (tangible asset). Human capital di dalam organisasi memiliki potensi penuh untuk membangun orientasi pasar bagi konsumennya. Jika kompetensi pegawai di da...
We consider the possibility a draft increases the likelihood individuals will invest in human capital in the military. This possibility exists because those drafted have less time to reap the return from human capital investment. A draft is more likely to increase human capital investment in the military the larger the civilian return to human capital investment, the shorter the additional time one must spend in the military if one invests while enlisted, and the larger the cost to an individ...
J.M.A. Viaene (Jean-Marie); I. Zilcha (Itzhak)
textabstractThe paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: heterogeneity of consumers with respect to wealth and parental human capital; intergenerational
Bowen, Jr., Stuart W; Nash, William L
...) Human Capital Management, (2) Contracting, and (3) Program and Project Management. In each subject area, SIGIR gathers information through research and interviews, collating and distilling the results into a white paper...
Full Text Available Measurement of human capital is not an easy to do because it is dynamic and always changing in accordance with the changing circumstances. Determination of dimensions and indicators of measurement needs to consider various factors such as situations and also the research scopes. This article has objectives to review the concepts, dimensions and measurement models of human capital. The research method used was literature study with a major reference source from current journal articles that discuss the measurement of human capital. Results of the study showed that basically the definition set forth in any dimension containing either explicitly or implicitly. In addition, the result indicated that there are three main categories of equality among researchers regarding the definition of human capital which emphasizes on: economic value/productivity, education, and abilities/competencies. The results also showed that the use of definitions, dimensions, and indicators for measurement of human capital depends on the situation, the scope of research, and the size of the organization. The conclusion of the study indicated that the measurement model and determination of dimensions and indicators of human capital measurement will determine the effectiveness of the measurement, and will have an impact on organizational performance.
Chikwe, Christian K.; Ogidi, Reuben C.; Nwachukwu, K.
The paper discussed the challenges of research and human capital development in Nigeria. Research and human capital development are critical to the development of any nation. Research facilitates human capital development. A high rating in human capital development indices places a country among the leading countries of the world. The paper…
We examine the human capital status of 123 countries by employing factor analysis on various national human capital indicators for the period 2000–2008 to construct two new measures. The first measure is based on advanced human capital, while the second is based on basic human capital. Our measures
Klomp, Jeroen; de Haan, Jakob
We examine the relationship between different dimensions of the political regime in place and human capital using a two-step structural equation model. In the first step, we employ factor analysis on 16 human capital indicators to construct two new human capital measures (basic and advanced human capital). In the second step, we estimate the…
Berdasarkan hasil pengolahan data diketemukan bahwa 1 human capital mampu memberikan kontribusi yang berarti terhadap customer capital. 2 Customer capital mampu memberikan kontribusi yang berarti terhadap kinerja café dan resto di Surabaya, 3 human capital mampu memberikan kontribusi yang berarti terhadap kinerja café dan resto di Surabaya.
Okifo, Joseph; Ayo, Abel O.
The focus of this paper is on business teacher education, a panacea for human capital development in Nigeria. Human capital suggests that education, and training, health and standard of living raises the productivity of workers and increases their lifetime earning capacity. Therefore, BTE is a panacea for human capital development because the…
Wan Fadzilah Wan Yusoff
Full Text Available Independent studies conducted on the impact of human capital, structural capital and social capital on firm performance have shown that a significant positive relationship can be established between each of them and performance. This study examined if each of these components of intellectual capital would show more significant relationships if they were to interact with each other, whether in a two-way or three-way interactions. Results provided by a sample collected from 298 business units of firms in the Malaysian financial services industry is consistent with the suggestion that the key driving forces in the contemporary business environment has moved from the management of tangible resources to the exploitation of intangible resources and differential outcome can be expected from the interactive nature of the components.
Full Text Available In the global crisis context crossed by organizations and countries in the past six years we assist also at conflicting measures in which regards knowledge, innovation and human capital; for example, countries such as England and France have reduced their costs for education, while Germany and other countries (Australia, Austria, Canada and Norway maintained the same allocations for education. What will be the effects of such measures on human capital in the near future? What are the best human resources policies in companies in the crisis context? Given that the subject of the research is "knowledge and human capital", in this paper we refer to the induced effects of the crisis on human capital and innovation. We will also identify the key steps that can be taken during crisis, and not only, to stimulate human capital.
Full Text Available This article investigated the impact of human capital and technology on economic growth in Nigeria. We employed annual time series data for the period of 35 years (1975-2010 and applied autoregressive distributed lag approach to cointegration to examine the relationship between human capital, technology, and economic growth. Two proxies of human capital (secondary and tertiary school enrollments were used in two separate models. The cointegration result revealed that all the variables in the two separate models were cointegrated. Furthermore, the results of the two estimated models showed that human capital in form in secondary and tertiary school enrollments have had significant positive impact on economic growth. More so, technology also shows significant positive impact on economic growth. In a nutshell, both human capital and technology are important determinants of growth in Nigeria. Therefore, improvement of the educational sector and more funding for research and development (R&D to encourage innovations are needed to facilitate Nigeria’s sustained economic growth.
Abstract. The study examines education and human capital development through appropriate utilisation of information services. The paper is essentially a descriptive analysis of the state of education and human development in. Delta state and assesses the readiness of Delta state government on the development of ...
BACKGROUND: This article focuses on the question of nurturing human capital in a company environment with emphasis on developing human capital not only by education, but also by investing into a healthy lifestyle, development of key competencies, social capital etc. Human capital development is usually interpreted as education. The bearer of knowledge, the employee, is often of secondary focus and not being taken into account. Increasing the efficiency of companies as well as the productivity...
Albats, Ekaterina; Bogers, Marcel; Podmetina, Daria
Universities are widely acknowledged as an important source of knowledge for corporate innovation, and collaboration with universities plays an important role in companies’ open innovation strategy. However, little is known about the human capital components required for collaboration...... building, relationship building, IPR management and negotiation for the context of collaboration with universities. Our research has revealed an importance of expectation management skills for university-industry collaboration (UIC) context. We found that human capital for UIC is to be continuously...... developed and contracted by engagement in various relationships with academia. Our research helps in filling the research gap on human capital components required from the company specifically for collaboration with academia. It also serves practitioners with a profile of a general (archetype) UIC manager....
Lilleør, Helene Bie
Lack of primary schooling among rural children in developing countries is often attributed to credit constraints and household demand for child labour, implying that direct and indirect costs of schooling are high. Surprisingly few studies have considered the importance of parents' expected returns...... of investing in their childrens human capital, despite the fact that most parents rely on their children for old-age support and subsistence. In this paper, I propose an alternative model for human capital investment based on the household, rather than the individual child, incorporating the fact that parents...... bear the costs of educating all their children and face uncertainty about the level and share of future returns. This uncertainty can make it optimal for parents to ensure a certain degree of human capital diversification within the household. The model implications allow me to test whether...
Pharny D. Chrysler-Fox
Full Text Available Orientation: The management context is dynamic; this is especially evident in human capital as the primary source of value creation as opposed to physical and natural resources. In response, measurement methodologies have moved from a transactional approach (strategy implementation to a transformational approach (human capital contribution paradigm, as well as diverging into different purposes. To date, there has been little overlap on recent domains to consider in managing and measuring the contribution of the human resource function and employees, and how to unlock and add value.Research purpose: The aim of the study was to explore and describe changing domains within human capital management to be managed and measured.Motivation for the study: The motivation was to advance the understanding of changing measurement domains to aid practitioners to manage and measure the contribution of the human resource function and employees, in order to unlock and add value and ultimately contribute to the success of an organisation.Research design, approach and method: Unstructured, in-depth interview data of purposively selected cases from a selected panel of human resource practitioners specialising in human capital measurement was thematically analysed in this exploratory-descriptive investigation.Main findings: Findings suggested that seven domains should be managed and measured. These domains highlight new areas of impact and levels of management. In addition, crossdomain relationships in measurement allow for an understanding of the impact and potential value on which to capitalise.Practical/managerial implications: New domains to manage and measure focus the attention of practitioners beyond the transactional performance management paradigm to a transformational approach to influence the business strategy. Higher education institutions need to develop students’ cognitive skills to facilitate systems thinking.Contribution: This study suggests a new
Full Text Available In the knowledge economy human capital plays a crucial role in various economic processes and thus also in spatial development. But human capital is an economic resource that is distributed unequally in space. Some regions show a higher density of human capital than others. This paper discusses questions relating to the spatial concentration and specialisation of human capital in the German urban system. Due to an increasing interest in human capital the questions are asked, where is human capital located in the German urban system and how does the distribution change over time. The paper relates to geographical theories of concentration and specialisation. It will be shown that human capital is a heterogeneous category containing different occupational groups showing different spatial patterns. Some display increasing spatial disparities; others are fairly balanced over space.
Full Text Available The paper focuses on importance of human capital in development of industrial enterprises, issues of their management and methods of achieving balance between interests of owners and employees. Difference between such concepts as human and labor potential as well as human and working capital is clarified. The special attention is paid to the fact that an effective system of motivation and incentivation of labor is to serve as means of rapprochement of human and labor capital. The authors point out the limited scope of the traditional forms of labor motivation and incentivation mechanisms and highlight the complexity of their encouragement for collective work results. The authors suggest using the cost-based approach to workforce management, which is based on assessment of market and intrinsic value of human capital in view of investment and quality characteristics. The proposed approach is attended by methodological support and operational calculations. The study states that the suggested human capital management model can be introduced into practice, as well as substantiates the necessity for boosting the performance of industrial enterprises and their cost by increasing production, stimulating the staff for selfrealization and self-improvement by bringing the owners’ corporate interests closer to the interests of the employees.
production”, e.g., factories and machines: one can invest in human capital (via education, training) and one's outputs depend partly .... skill or ability, a personal characteristic, or a cluster of two or more of these attributes. Competencies are the building blocks of work performance. The performance of most tasks requires the.
Human capital theory has had a profound impact on a range of disciplines from economics to education and sociology. The theory has always been the subject of bitter criticisms from the very beginning, but it has comfortably survived and expanded its influence over other research disciplines. Not surprisingly, a considerable number of criticisms…
Madsen, Erik Strøjer
. However, the quality of education varies a lot across universities and business schools as well as across student within an education institution. The high variations in grades among students reflect the heterogeneity in human capital among students and this study verify how this heterogeneity...
digital signals in multimedia format using information technology. -. New economy is interested in strategic alliances like Public Private Partnership. (PPP) or team work. While, Eboh (2009) affirmed that today, knowledge is the key driving factor in social and economic progress of nations. The Place of Human Capital in ...
Wan, Hooi Lan
Purpose--The aim of this article is to gain insight into some of the human capital development (HCD) policies that enhance employee satisfaction. A salient focus of the study is to assess whether employees in globalised foreign-owned MNCs are likely to be more satisfied with the HCD policies than with the practices employed by locally owned MNCs.…
progression by investigating the effects of on-the-job human capital acquisition, explicit short-run incentives and career concern incentives on earnings progression. The model leads to predictions about the incentive structure and the progression in both cross-sectional and individual earnings which...
Groot, Wim; Oosterbeek, Hessel
Extends the standard human capital model by investigating the effects of uncertainty about future earnings and the probability of becoming unemployed on the optimum amount of schooling, assuming that lifetime earnings are maximized. Greater earnings dispersion by schooling level reduces the returns to schooling. (21 references) (MLH)
Hansen, Høgni Kalsø; Winther, Lars
Contemporary studies in urban and regional development stress the importance of large city-regions as key places in modern capitalism taking the form of agglomerations of economic activities by industries, firms and highly skilled people. In this article, we challenge the strong focus on academic...... categories ranging from the urban to the peripheral, we conclude that there is a strong spatial distinction of educational structures with an urban bias, and that educational categories other than academic human capital can make an important contribution to our understanding of what drives employment growth...
Klomp, J.G.; Haan, de J.
We examine the relationship between different dimensions of the political regime in place and human capital using a two-step structural equation model. In the first step, we employ factor analysis on 16 human capital indicators to construct two new human capital measures (basic and advanced human
Klomp, J.G.; de Haan, J.
We examine the relationship between different dimensions of the political regime in place and human capital using a two-step structural equation model. In the first step, we employ factor analysis on 16 human capital indicators to construct two new human capital measures (basic and advanced human
Atle Mikkola Kjøsen
Full Text Available The purpose of this article is to interrogate Marx’s analysis of the circulation of capital through the ‘new materialist’ communications and media theory of Friedrich Kittler. It explores the connections between Marx’s commodity fetish and how Kittler posits human beings as components of an information system alongside technologies and institutions. The article ask whether a ‘non-human’ Marxist theory is possible, i.e. if it is possible to remove the human being from its privileged position in Marx’s political economy. Specifically the paper argues that human beings are programmable human matter that serves to aid the communication of value through capital’s circuit. This stance necessitates adopting the point of view of capital and the fetish, bracketing the social and moving away from categories such as labour, production and class consciousness in favour of the value form, circulation and programmability.
Using the concepts of human, social and cultural capital this paper will review the literature on these theories and evaluate their application to nurse education in the United Kingdom (UK). Each concept will be explored before considering the impact and application within nurse education. Issues of sponsorship via mentoring and increased skills and contribution to the knowledge economy alongside the delivery of quality care by nursing students will be discussed with reference to theory and current policy drivers. As nursing education moves to a graduate profession in the UK this paper evaluates the drivers of human, social and cultural capital that affect this development. Copyright © 2011 Elsevier Ltd. All rights reserved.
K K Tang; Lim, A. S. K
This paper develops an improved measure of human capital. Using a Mincer specification of human capital, the improved measure takes into consideration rates of returns to schooling, education quality, and school dropouts. The paper applies the improved measure to evaluate national and global human capital inequality and compares them with education inequality. Human capital Kuznets curves are evident when relative inequality measures are used while education Kuznets curves are found when abso...
The authors propose organizational and analytical support for the diagnosis of human capital, which aims to create a procedure, that is, the established order, the carrying out of diagnostics. The main goals of organizational and analytical support of the diagnosis of human capital should include the following: diagnosis; determination of prospects of development of human capital as a diagnosis; development of programs, strategies, and concepts for the development of human capital based on di...
Blackburn, M L; Bloom, D E; Neumark, D
This theoretical model posits that women who delay child bearing will be more likely to invest in human capital (training that enhances productivity but is costly). This investment is conditioned by a greater discount rate than an economy-wide growth rate of wages for non-human capital investor women. The aim of the model is to present a more unified view of relationships between wages and fertility timing identified in earlier research. The empirical analyses, using ordinary least squares techniques, was based on data from the National Longitudinal Survey of Young Women, 1968-82 annually, for a sample of 1817 White working women aged 28-38 in 1982. Data were available for wages, education, work experience, age, number of children, and the percentage in occupations (manager, professional, administrative, service, and blue collar). First wages of women not in school and without a first birth were obtained for 991 women in the sample. Descriptive statistics revealed that the average early wage of late child bearers was 37% higher than the average early wage of early child bearers and 43% higher for 1982 wages. Childless women, compared to early child bearers, experienced a growth in wages from 31-38%. The assumptions in the theoretical model were 1) that all women were equally productive in the labor market in the beginning; 2) that women bore only one child; 3) that women worked continuously for a period of time, except for time out for child bearing; 4) that all women had the option of investing in one type of human capital, which cost the same for all women; 5) that the only source of income was the woman's own earnings; and 6) that a woman's lifetime utility was a function of the present value of her lifetime income and the intervening time period for child birth. Differences in education, experience, tenure, and wages were strongly associated with differences in fertility timing. The results revealed that wages were higher for delayed child bearers, primarily
The making of human capital is increasingly seen as a principal function of higher education. A keyword in neoliberal ideology, human capital represents a subtle masking of social conflict and expresses metaphorically the commodification of human abilities and an alienating notion of human potential, both of which sit ill with the goals of…
Full Text Available Higher education has a very strategic position to determine the quality of human capital. Therefore, a higher education must always strive to provide quality assurance services to the interested parties. The more quality customer service is given, the more college customer will satiesfied that have an impact on the increasing investment of the human resources (Human Capital.Keywords: Higher Education, Human Capital
Graf, Christina M
Currently, approximately 16% of associate degree nursing (ADN) graduates acquire baccalaureate or higher degrees. Human capital analysis demonstrated negative to minimal average returns on investment (ROI) in BSN education. Increasing the ROI may influence ADNs to pursue baccalaureate education and can be an effective strategy for meeting the projected need for BSN-prepared nurses.
Neeliah, Harris; Seetanah, Boopen
Purpose: Real gross domestic product (GDP) growth for Mauritius has averaged more than 5 per cent since 1970 and GDP per capita has increased more than tenfold between 1970 and 2012, from less than $500 to more than $9,000. It has often been reported that human capital, along with other growth enablers, has played an important role in this…
Human capital development (HCD) is a critical tool to transform employees in an organisation into valuable assets that can help the organisation achieve its objectives cost-effectively and improve organisational effectiveness. University sport departments face huge challenges characterised by increased competition which ...
Klyver, Kim; Lomberg, Carina; Steffens, Paul
An individual’s human capital affects their choice to become and entrepreneur and also their likely success as a nascent entrepreneur. This paper explores how hybrid employment—entrepreneur opportunities impact these dynamics. Drawing on insights from decision theory, we argue that an individual......’s human capital influences entrepreneurial pursuits as a two stage process, first shaping whether nascent entrepreneurship and/or employment enters an individual’s consideration set when they are facing a career transition and second influencing the outcomes of entrepreneurial pursuits. Using a novel...... longitudinal dataset of individuals facing career transition as nascent entrepreneurs, job seekers or both, we find that while hybrid nascent entrepreneurship (trying to start a business while being employed) has a positive influence on outcomes, hybrid search (concurrent job search while trying to start...
Full Text Available The human capital represents the most important investment made both by state and companies and also individually for the education and development of skills, knowledge, qualifications and capabilities of individuals, in order to obtain various incomes from certain economic activities. Both the expenses made for education and long term benefits influence the value of the investment in education. The analysis performed on the Romanian economy shows that between the educational level and the income, there is a positive relationship as the one, that numbers are showing with no doubt, between the manpower occupancy and the education period (the amount of investments in human capital. Therefore, the analysis of the Romanian labor market shows that the most affected by unemployment are the individuals with a modest education level while persons with a university degree suffer less from this phenomenon.
Brandt, Kasper; Rutasitara, Longinus; Selejio, Onesmo
This paper explores the link between entrepreneurship and child human capital development. We specifically examine how operating a non-farm enterprise (NFE) as opposed to working in agriculture relates to child labour and schooling outcomes. Accounting for timeinvariant unobservable characteristics...... for girls. Given these findings, it appears that household entrepreneurship may contribute to decreasing the severe child labour problem in Tanzania, but resolving the problem of low school attendance rates will require a different strategy....
Jung Hyun Choi; Richard K. Green
This paper examines the magnitude of human capital spillovers on unemployment. Using bothindividual and metropolitan level data, we find that the adult population share of collegegraduates is negatively associated with the unemployment rate. More specifically, we find thatthose who reside in MSAs with higher shares of college graduates are more likely to beemployed, even after controlling for individual, MSA and state level factors including individualâ€™sown education level. The likelihood o...
Rosalie Liccardo Pacula; Ross, Karen E.; Jeanne Ringel
In this paper we examine the relationship between marijuana use and human capital formation by examining performance on standardized tests among a nationally representative sample of youths from the National Education Longitudinal Survey. We find that much of the negative association between cross-sectional measures of marijuana use and cognitive ability appears to be attenuated by individual differences in school attachment and general deviance. However, difference-in-difference estimates ex...
Storper, Michael; Scott, Allen J.
Do jobs follow people or do people follow jobs? A number of currently prominent approaches to urbanization respond to this question by privileging the role of individual locational choice in response to amenity values as the motor of contemporary urban growth. Amenities, it is often said, have an especially potent effect on the migration patterns of individuals endowed with high levels of human capital. However, these approaches raise many unanswered questions. Theories that describe urban gr...
Munch, Jakob Roland; Skaksen, Jan Rose
This paper studies the link between a firms education level, export performance and wages of its workers. We argue that firms may escape intence competition in international markets by using high skilled workers to differentiate their products. This story is consistent with our empirical results....... an export wage premium, but it accrues to workers in firms with high skill intensities.Keywords: Exports, Wages, Human Capital, Rent Sharing, Matched Worker-Firm DataJEL Classification: J30, F10, I20...
Florentina MOISESCU; Madalina Cosmina MANOLE; Cristina Georgiana DASCALEANU
The human capital represents the most important investment made both by state and companies and also individually for the education and development of skills, knowledge, qualifications and capabilities of individuals, in order to obtain various incomes from certain economic activities. Both the expenses made for education and long term benefits influence the value of the investment in education. The analysis performed on the Romanian economy shows that between the educational level and the in...
Han, J.; Han, J; Brass, D.
We highlight the social aspects of team creativity by proposing that team creativity is influenced by two types of team social capital: bridging and bonding social capital. Going beyond the structural perspective, we posit that team-level human capital diversity is one of the potential antecedents
Palermo, Tia M; Dowd, Jennifer B
The prevalence of childhood obesity has tripled in the United States over the last 25 years, and in addition to increased risks of many chronic diseases, obesity may also be linked to lower skill attainment, poor social competency, and poorer labor outcomes. Any causal links between obesity and human capital accumulation could have important consequences for both health and economic well-being over the life course. We investigate the association of obesity and cognitive and non-cognitive outcomes among US children and adolescents aged 5 to 19 using the Child Development Supplement of the Panel Survey of Income Dynamics. We perform OLS and individual fixed effects regressions to address unobserved time invariant heterogeneity in the relationship between overweight/obesity and abilities. Results provide limited support for the hypothesis that obesity negatively affects non-cognitive but not cognitive outcomes and suggest that discrimination rather than a biological mechanism contributes to negative outcomes found in the literature on adults. Copyright © 2012 Elsevier Ltd. All rights reserved.
Mark Huggett; Greg Kaplan
This paper examines the value of an individual’s human capital and the associated return on human capital using U.S. data on male earnings and financial asset returns. We find that (1) the value of human capital is far below the value implied by discounting earnings at the risk-free rate and (2) the stock component of the value of human capital is smaller than the bond component at all ages. The stock component averages less than 35 percent of the value of human capital at each age.
Social capital is a broad term containing the social networks and norms that generate shared understandings, trust and reciprocity, which underpin cooperation and collective action for mutual benefits, and creates the base for economic prosperity. This study deals with the formation of social capital through development of human capital that is created from productive consumption. This paper attempts to formalize incorporation of social capital (SK). This paper sets up a one-sector growth mod...
Gottardi, Piero; Kajii, Atsushi; Nakajima, Tomoyuki
We consider an economy where individuals face uninsurable risks to their human capital accumulation, and analyze the optimal level of linear taxes on capital and labor income together with the optimal path of government debt. We show that in the presence of such risks it is beneficial to tax both labor and capital and to issue public debt. We also assess the quantitative importance of these findings, and show that the benefits of government debt and capital taxes both increase with the magnit...
Ng, Thomas W H; Feldman, Daniel C
This article examines the effects of organizational embeddedness on employees' activities to build social capital and human capital. To test a latent growth model, we collected data from 375 managers at multiple points over an 8-month period. We found that the more embedded employees perceived themselves to be at Time 1, the more likely they were to show declines in social capital development behaviors over time. In addition, declines in social capital development behavior were directly related to declines in human capital development behavior over time. These findings highlight the potential negative consequences embeddedness can have on employees' career development activity.
Full Text Available Every company is constructed through two kinds of capital, which is financial capital and intellectual capital. If the company's capital is described as a tree, the human capital, an essential part of intellectual capital, is the resin. Resin allows the tree grows, and only the human capital that enables organizations to grow and develop. Considering the strategic position of human capital, it is a compulsion for a company to develop it. The problem is how to build human capital effectively? This study aimed to identify the factors that determine the development of human capital in an organization. There are 2 (two major factors that hypothetically influence human capital, which is leadership and organizational commitment. Leadership does not directly affect human capital. Leadership influence human capital through organizational commitment. In other words, organizational commitment is an intervening variable for the relationship or the influence of leadership on human capital. This hypothesis is based on a 'fact' that the function of leadership is oriented and intended to obtain or build the commitment of each personnel. Only committed personnel will provide their best for the organization. Only through the best contributions of every personnel, human capital can be built and developed. Leadership is useless if it can not obtain and create commitment. Personnel are useless, no matter how many and how skilfull they are, if they do not contribute the best for the organization. The presence of personnel without their comitment will be the same with their absence; even they may actually be detrimental to the organization.
2016 ix ix ABSTRAK Pengaruh Human Capital Dan Structural Capital Terhadap Kinerja Sumber Daya Manusia Pada Pt. Semen Tonasa Pangkep Sulawesi Selatan The Effect of human capital and structural capitalto performance of human resourceson employee of PT. Semen Tonasa Pangkep south Sulawesi Abdullah Nurdjannah Hamid Ria Mardiana Yusuf Penelitian ini bertujuan untuk menganalisis pengaruh human capital dan structural capi...
Dockner, Engelbert; Siyahhan, Baran
be observed during the R&D phase of the project. The exogenous value of the patent determines the firm’s decisions to invest in human capital, to abandon the project if necessary, and to invest in marketing the new product. We study the corresponding optimal stopping times, determine their value and risk......We consider a firm that employs human capital to make a technological breakthrough. Since the probability of success of the breakthrough depends on the current stock of human capital the firm has an incentive to expand its human capital stock. The present value of the patent is stochastic but can...... consequences, and derive optimal investment in the stock of human capital. While optimal investment in human capital is very sensitive to its productivity do increase the probability of a breakthrough it is insensitive to changes in the volatility of the present value of the patent. The value of the firm...
Goedhuys - Degelin, Micheline; Sleuwaegen, L.
We provide evidence that both human capital and R&D increase the likelihood that a firm will be a high-growth firm in the industry. However, different from human capital, being an R&D active firm also increases the probability of substantial decline or failure, underscoring the risky nature of
Full Text Available We live today in a changing society based on the globalization and better valorisation of the human capital. The human capital is the central driver force for competitiveness and development of the new technology and patent and a necessary factor for their efficient use in the new society. In order to reach the competitiveness objective, the European Union member countries seek to develop their human capital value by increasing investment in education, science and technology development. Based on the panel econometrics techniques, this paper explores the statistical correlations between human capital components and national competitiveness within the EU economic context.
Ackerman, Marc Bernard
The economics of dental practice are changing. The author reflects on the loss of a long-term, highly effective, and dedicated assistant in an orthodontic practice. Changes in technology, numbers of dentists, expected benefit levels, and a competitive workplace environment are combining to put pressures on the traditional model of oral health care. Whatever the solution turns out to be, the profession should take the lead in actively developing alternatives, and these will necessarily involve development of human capital in the dental practice.
Full Text Available The paper proposes sythesizing the most important correlations between the dimensions of human capital, in order to provide a better theoretical basis for assessing realistic valence motivated human resources sustainable development of society. In terms of conceptual work based on the fundamental role of health capital and the neglect that often has its problems, especially in developing countries. Based on the review abstract theory of human capital, research establishes correlations between dimensions. It shows the importance of ethical component in professionalism and existence of moral capital rooted in medical ethics. Specific breakdowns of health capital, referring to the health of the population and medical services. The research findings highlight the profound connection between morality and productivity seemingly nonexistent (customized to the case of medical services, about joint economic approaches ignored. It also means that the moral, professional and medical staff working in social capital formation influence the health of a nation.
Aurora Amélia Castro Teixeira
Full Text Available This study examines the conditions under which the demand for human capital is as (or more important than the simple availability of educated or skilled human resources. The perspective taken is that it is the conscious and intentional attitude of firms, dependent, to a large extent, on respective strategies, that determines the demand for human capital, thereby conditioning the role of the latter in their performance. The automatic and linear character that many studies within the mainstream human capital theory assume is rejected here. Results, based on an in-depth study of fourteen Portuguese textile firms, reveal the "congruence" between firms behaviour towards human capital accumulation, characteristics of productive process and markets, and the omnipresent "fission" risk. New hirings of top skilled and educated individuals are seen as small contributors to firms (current innovation capabilities. In contrast, existing top skilled and educated individuals are regarded as critical in this context.Este estudo analisa as condições em que a procura por capital humano é tão (ou mais importante do que a simples disponibilidade de recursos humanos qualificados. É tomada a perspectiva de que é a atitude consciente e intencional das empresas, a qual depende em grande medida das suas estratégias, que determina a procura por capital humano, condicionando o seu desempenho econômico. Rejeita-se aqui o caráter automático e linear presente na maioria dos estudos associados à teoria do capital humano. Os resultados, baseados num estudo detalhado de 14 empresas têxteis portuguesas, revelam a “congruência” entre o comportamento destas relativamente à acumulação de capital humano, as características dos seus processos produtivos e mercados e a onipresença do risco de “cisão”. As novas contratações de indivíduos altamente qualificados são vistas como contribuindo pouco para as competências de inovação correntes das empresas. Em
Pharny D. Chrysler-Fox
Full Text Available Orientation: Physical and natural resources have been surpassed by human capital as aresource of wealth creation. As a result, senior management relies increasingly on appropriatepeople information to drive strategic change. Yet, measurement within the human resourcefunction predominantly informs decisions in support of efficiency and effectiveness. Consequently, dissimilar understanding of measurement expectations between these partieslargely continues.Research purpose: The study explored principles in selecting human capital measurements,drawing on the views and recommendations of human resource management professionals,all experts in human capital measurement.Motivation for the study: The motivation was to advance the understanding of selectingappropriate and strategic valid measurements, in order for human resource practitioners tocontribute to creating value and driving strategic change.Research design, approach and method: A qualitative approach, with purposively selectedcases from a selected panel of human capital measurement experts, generated a datasetthrough unstructured interviews, which were analysed thematically.Main findings: Nineteen themes were found. They represent a process that considers thecentrality of the business strategy and a systemic integration across multiple value chains inthe organisation through business partnering, in order to select measurements and generatemanagement level-appropriate information.Practical/managerial implications: Measurement practitioners, in partnership withmanagement from other functions, should integrate the business strategy across multiplevalue chains in order to select measurements. Analytics becomes critical in discoveringrelationships and formulating hypotheses to understand value creation. Higher educationinstitutions should produce graduates able to deal with systems thinking and to operatewithin complexity.Contribution: This study identified principles to select measurements and
Full Text Available This paper studies the increasing convex ordering of the optimal discounted capital allocations for stochastic arrangement increasing risks with stochastic arrangement decreasing occurrence times. The application to optimal allocation of policy limits is presented as an illustration as well.
Cartiglia (1997) shows that trade increases human capital investment in developing countries unless there are credit markets for individuals. In this paper, when households can borrow the education cost from a market, a trade-induced decrease in the skilled wage leads to less human capital investment in developing countries.
Human Capital Theory has been an increasingly important phenomenon in economic thought over the last 50 years. The central role it affords to education has become even more marked in recent years as the concept of the "knowledge economy" has become a global concern. In this paper, the prevalence of Human Capital Theory within European…
Lahlum, Nils Ivar
This is a study on the main causes of urban youth unemployment in Iran. It argues that, based upon structural and classical explanations of unemployment, urban youth unemployment in Iran is caused by deficiencies in human capital development. Based in the two approaches to human capital development, the study uses empirical findings obtained through interviews, surveys and statistics in Iran to discuss earlier studies on the phenomenon, and to see whether investments in human capital developm...
Is it true that communist countries had well-developed human capital, or is it just a myth? What were human capital stocks at the beginning of transition to market economy? What happened to human capital formation during the transition? We attempt to answer these questions using evidence from Bulgaria. This is also a story about how a communist government had coped with labour market problems in a small closed economy. Unfortunately, during communism, there had been quite insufficient public ...
Sheidaei , Zahra; Tash, Mohammadnabi Shahiki
This article studies the controversial relationship between human capital and growth through different channels using a cross-country panel approach applied for 104 countries, including 79 developing...
C. R. Van Zyl
Full Text Available The main purpose of this article is to demonstrate how supplier relationship management (SRM enables the capture and creation of intellectual capital, thereby attaining and sustaining a strategic competitive advantage and increasing supply chain profitability. In order to achieve this purpose, a large part of the article is devoted to exploring the relatively new and unknown field of SRM. It is shown that an organisation must possess a thorough understanding of good supplier characteristics and of the drivers, benefits and requirements for the successful implementation of SRM, in order to enable that organisation to leverage their supplier relationships to ensure the capture of supplier expertise, patents, experiences etc. (i.e. their intellectual capital. The article then explores how the integration of technology in SRM applications can improve the efficiency of supplier collaboration and intellectual capital capture and creation. It is then demonstrated how efficient and collaborative supplier relationships improve supply chain profitability and competitiveness. Lastly, the article explores the implementation pitfalls and trends of SRM that must be constantly considered and monitored by an organisation in order to continually capture and create intellectual capital and reap the full benefits of SRM. This exploration involved an examination of contemporary literature, theories and business cases and subsequently revealed that SRM is a vital discipline/philosophy that must be implemented by any organisation wishing to achieve greater supply chain efficiency and competitiveness. This competitiveness can only be achieved through the mutual unlocking, sharing and leveraging of intellectual capital.
This paper presents Human Capital Index Rankings for 20 Asia and Pacific Countries. The Human Capital Index (HCI) developed by the (World Economic Forum) assesses 122 countries, representing over 90% of the world’s population. The Human Capital Index (HCI) measures the countries on their ability to develop and deploy healthy, educated and able workers through 4 pillars: education, health & wellness, workforce & employment and enabling environment. The Index consists of 51 indicators in total,...
Edle von Gaessler, Anne; Ziesemer, Thomas
We modify a Lucas-type endogenous growth model to contain endogenous labour supply, imperfect international capital movements, and estimated interest and education time functions. Solutions based on realistic calibrations show that (i) the rate of human capital depreciation through ageing has a much
Meier, Kenneth J.; Favero, Nathan; Compton, Mallory
Do internal (administrative human capital) and external (social capital) resources work to reinforce the effects of each other? Work from multiple disciplines has approached this question, and we advance this literature with a theory of social and administrative resources as potential substitutes
von Otter, Cecilia; Stenberg, Sten-Åke
We analyse the utility of social capital for children's achievement, and if this utility interacts with family human capital and the quality of the parent-child relationship. Our focus is on parental activities directly related to children's school work. Our data stem from a Swedish cohort born in 1953 and consist of both survey and register data.…
Full Text Available Nowadays, in the age of the economy focused on knowledge and science, the process of formation and development of the employees is considered as a very important investment, inspiration and a tool to efficiency creating, success and first of all, the strategic potential of the company. Indeed, it is people who are the key and the path to success and on them, the strength, the power and the success of any business should be built. The aim of this elaboration is to highlight and emphasize the importance of investment in human capital and show fluctuations, as one of the barriers that can disrupt this development, what in general also may be caused by lack of adequate systems of employees motivation.
This paper discusses sustained approaches, programmes and strategies for human capital development in the defunct Western Region of Nigeria. Three broad approaches were vigorously pursued, namely, education, technical skills development and agriculture. The most enduring legacy was human capital development ...
Rutkauskas, Aleksandras Vytautas; Gruževskis, Boguslavas; Danileviciene, Irena
Often the perspective of human capital is drawn with different colours: from its growing importance to the possibility of changing it with current technical and information management tools. This usually happens when analysing the human capital education and corporate problems in the context of companies and other activity-organising units. In…
Goedhuys-Degelin, M.D.L.; Sleuwaegen, L.
This paper focuses on the occurrence of high-growth firms in relation to human capital and innovation. High-growth firms are rather exceptional and temporary phenomena and occur in the upper tail of the conditional firm growth distribution. Using quantile regression we study how human capital and
Full Text Available The link between human capital and economic growth still remains unexplained because of the measurement issues connected to the human capital stock. This study investigates the link between human capital stock and economic growth using inclusive wealth index and ratio of engaged to actively disengaged employees as proxy for human capital stock. Data from the global workplace and inclusive wealth reports are used in order to provide an international comparison of the link between human capital and inclusive wealth. Cross country comparison show human capital largerly contribute to the inclusive wealth formation. Formal education is important but also motivating working environment is needed to achieve sustainable economic growth. The finding further indicates that standard human capital growth model should be revised taking into the account variables addressing sustainable growth (not just growth and environmental variables (work conditions affecting human capital stock. Countries encouraging investments in the development of individuals both through formal education and inspiring work environments achieve higher sustainable economic growth
J.M.A. Viaene (Jean-Marie); I. Zilcha (Itzhak)
textabstractThe paper studies the effects of cross-country differences in the production process of human capital on income distribution and growth. Our overlapping gen- erations economy has the following features: (1) consumers are heterogenous with respect to parental human capital and wealth; (2)
Perepelkin, Vyacheslav A.; Perepelkina, Elena V.; Morozova, Elena S.
The relevance of the researched problem is determined by transformation of the human capital into the key economic resource of development of the postindustrial society. The purpose of the article is to disclose the content of evolution of the human capital as a scientific concept and phenomenon of the economic life. The leading approach to the…
de Haan, M.; Plug, E.; Rosero, J.
In this paper we examine the effect of birth order on human capital development in Ecuador. Using family fixed effects models we find positive and persistent birth order effects; earlier-born children stay behind in their human capital development from infancy to adolescence. Turning to potential
Some major reasons for this unemployment challenges have been hinged on the level of human capital development as well as other socio-economic issues. Using the Auto Regressive Distributed Lag (ARDL) approach, a quantitative analysis of the effect human capital in stimulating employment or otherwise was ...
This paper critically examined how human capital development could be a strategy or a catalyst for sustainable development in the Nigerian education system. The presentation by necessary implication involved an examination of the concepts of human capital development, sustainable development, quality education and ...
Smith, Patrick H.; Murillo, Luz A.
In this conceptual article we invite multilingual researchers to consider the concept of translanguaging through the lens of human capital theory. Our thinking about the interconnections among human capital, multilingualism, and translanguaging is motivated by our research in border "colonias" and other minoritized communities in South…
Rukumnuaykit, Pungpond; Pholphirul, Piriya
Human capital investment is a necessary condition for improving labour market outcomes in most countries. Empirical studies to investigate human capital and its linkages on the labour demand side are, however, relatively scarce due to limitations of firm-level data-sets. Using firm-level data from the Thai manufacturing sector, this paper aims to…
Gimpelson, V. E.
It is generally accepted that human capital is an important factor in economic growth, but its impact on growth depends on the demand for education and skills on the labor market. Demand for human capital is largely determined by the institutional environment that governs the basic conditions for economic activity. The author expresses ten doubts…
Ruse, Donald; Jansen, Karen
Human capital planning is an important tool in predicting future talent needs and sustaining organizational excellence over the long term. This article examines the concept of human capital planning and outlines how institutions can use HCP to identify the type and number of talent needed both now and in the future, recognize and prioritize talent…
Kaufman, Neil A.; Geroy, Gary D.
Human capital development is one of the emerging areas of study with regard to social science theory, practice, and research. A relatively new concept, human capital is described in terms of individual knowledge skills and experience. It is currently expressed as a function of education as well as a measure of economic activity. Little theory…
Yepes-Baldó, Montserrat; Romeo, Marina; Berger, Rita
Healthcare accreditation models generally include indicators related to healthcare employees' perceptions (e.g. satisfaction, career development, and health safety). During the accreditation process, organizations are asked to demonstrate the methods with which assessments are made. However, none of the models provide standardized systems for the assessment of employees. In this study, we analyzed the psychometric properties of an instrument for the assessment of nurses' perceptions as indicators of human capital quality in healthcare organizations. The Human Capital Questionnaire was applied to a sample of 902 nurses in four European countries (Spain, Portugal, Poland, and the UK). Exploratory factor analysis identified six factors: satisfaction with leadership, identification and commitment, satisfaction with participation, staff well-being, career development opportunities, and motivation. The results showed the validity and reliability of the questionnaire, which when applied to healthcare organizations, provide a better understanding of nurses' perceptions, and is a parsimonious instrument for assessment and organizational accreditation. From a practical point of view, improving the quality of human capital, by analyzing nurses and other healthcare employees' perceptions, is related to workforce empowerment. © 2012 Wiley Publishing Asia Pty Ltd.
Western, like many other Federal agencies, will face significant and challenging human capital issues in the next decade. The Federal workforce is aging; baby boomers, with their valuable skills and experience, are drawing nearer to retirement and new employees joining the Federal workforce today have different career expectations from the generation that preceded them. The average age of Western’s workforce is approaching 48. Almost a third of the workforce is between 50 and 54 years and most will be eligible to retire in five years. Western has almost twice as many employees who are 55 and older as it has who are 35 and younger. As the workforce ages, the proportion of younger workers is shrinking. The U.S. Census Bureau says you can expect these developments for the next 20 years. The 45 to 65 year-old work group will grow by 54 percent but the 18 to 44 population will rise by only 4 percent. According to the Bureau of Labor Statistics workers age 25 to 44 will decline by 3 million, dropping from 51 percent of the labor force in 1998 to 44 percent in 2008. Western employees who will retire include highly skilled workers in fields such as information technology, engineering, and craft occupations. Deregulation of the electric utility industry and the establishment of regional transmission organizations and independent system operators are also demanding new and different skill mixes than those currently available in Western. Changes in workforce demographic, in the education and skills that will be required in the future, and an increasingly competitive job market, will require flexible and responsive human capital tools to attract and retain talented employees. These trends were the reason for a comprehensive review of Western’s human capital programs to determine its readiness for the future. In July 2001, a team of managers conducted a comprehensive assessment of Western’s human capital needs. The team used the assessment to draft a framework that
Roxana Loubet-Orozco; Adela Morales-Parra
.... In that sense, the concept of human capital and its impact on economic growth, the possibilities of the state are analyzed to transform the development of human resources in high stock that promotes...
Crook, T. Russell; Todd, Samuel Y.; Combs, James G.; Woehr, David J.; Ketchen, David J., Jr.
Theory at both the micro and macro level predicts that investments in superior human capital generate better firm-level performance. However, human capital takes time and money to develop or acquire, which potentially offsets its positive benefits. Indeed, extant tests appear equivocal regarding its impact. To clarify what is known, we…
Knipprath, Heidi; De Rick, Katleen
Policy makers and researchers are increasingly showing interest in lifelong learning due to a rising unemployment rate in recent years. Much attention has been paid to determinants and benefits of lifelong learning but not to the impact of social capital on lifelong learning so far. In this article, we study how social and human capital can…
Full Text Available The widespread enthusiasm for a knowledge-based approach to understanding the nature of a business and the possible basis for sustained competitive advantage have renewed interest in human capital evaluation or measurement. While many attempts have been made to develop methods for measuring intellectual capital, none have been widely adopted in the business world. In the knowledge-based organizations, and generally, in the information society, human capital is recognized as the fundamental factor of overall progress, and experts agree that long-term investment in human capital has strong drive-propagation effects at the individual, organizational, national and global level. In this paper, we consider that a knowledge-based approach can offer new possibilities and answers to illustrate the importance of evaluation the human capital and knowledge assets by consistently generating added value in the business world.
Osvaldo Javier López-Ruiz
Full Text Available This paper discusses the dilution of the conceptual border between “consumption” and “investment.” We argue that it is a key element for the understanding of capitalism in its current stage and the values guiding contemporary society. Some concepts created by Human Capital Theory – an economic theory from the 1960s – are widely viewed today as values that guide the behavior of individuals. This yields to a conceptual–axiological shift from consumption to investment that allows unusual forms of “delaying satisfaction by consuming now.” The diffuse area that is created between “consumption” and “investment” helps to understand how the Protestant work ethic is recreated as an “ethic of entrepreneurial work,” that is, of work understood in terms of “individual enterprise”.
Inessa, Gurban; Alexandr, Tarasyev
In this article we discuss the rationale for the importance and effectiveness of the regions ranking as a tool for regional social and economic policies aimed to control the regional socio-economic development. A methodological approach to the determination of the human capital development level in the regions of the Russian Federation is provided focused on determining the quality of human capital in each region of the Russian Federation and the causes underlying this situation. The methodological apparatus is based on the indicative qualimetric analysis method that allows to convert various benchmarks expressed in different units in a comparable type. Also it is possible to receive and differentiate a comprehensive assessment of the human capital level in each region of the Russian Federation on the basis of the proposed classification. In this article we present the structure of the indicators system that simulates the human capital level by a number of descriptive components including demographic, educational, employment, research and socio-cultural components. In our research we found that in the overwhelming majority of the Russian Federation human capital is characterized mainly by a low development level. The system shows unstable dynamics in the human capital level through the Russian Federal Districts, as well as the leaders and laggards in the rating of the Russian Federation during the period 2000-2013. Our article presents the structure of a comprehensive assessment of the human capital level by providing estimates of its components.
Full Text Available This paper is devoted to investment in human capital as an essential element for ensuring organizational performance. Human capital investments may be direct, more focused on professional training, as well as indirect, more oriented towards the health of employees and the purchase of equipment for their development. In Moldovan organizations investments in human capital are more oriented towards training and professional development of employees. At the same time, in the recruitment and selection of candidates’ process, organizations are trying to attract people that have a high level of professional knowledge and skills, which contribute to increasing the value of their human capital. In order to assess the involvement level of the organizations from Republic of Moldova in terms of human capital development investment, a sociological research that included 152 organizations was conducted. The result of investigations have shown us that human capital value into an organization depends, in the first instance, on the selection tools and techniques that allow election of candidates with an intellectual and professional potential at higher level. Human capital value within organizations increases provided that their staff participates in various professional training programs.
The effect of social capital on improving productivity of human resources in the project of engineering, procurement and construction Bandar Abbas gas ... three minor hypotheses were formed,which evaluated the effect of social capital and its three-fold aspects (trust, solidarity and cooperation) on productivity, respectively.
Svetlana V. Panyukova
Full Text Available In the article an approach to introduction in the human capital management of new information technologies is offered. The analysis of a current state of the human capital in Russia, its mobility is carried out. Results of using social networks services for creation of a web portfolio of the student and the teacher in higher education institution are presented. The main directions of using cloudy technologies in Russian human capital management, in the solution of the problems connected with graduate’s employment are formulated.
Siyahhan, Baran; Engelbert, Dockner
of the firm is driven by fixed labor costs that occur until the breakthrough is made, the call option to invest in human capital and market the product, and the put option to abandon the project. These options together with labor costs’ based operating leverage determine the risk dynamics. Risk varies non...... and risk consequences, and derive optimal investment in the stock of human capital. While optimal investment in human capital is very sensitive to its productivity do increase the probability of a breakthrough it is insensitive to changes in the volatility of the present value of the patent. The value...
Bingley, Paul; Westergård-Nielsen, Niels Chr.
Workers with longer job tenure are paid more, on average, than those with shorter tenure. This paper re-opens the debate about whether individual financial returns to tenure are due to firm-specific human capital accumulation or sorting according to unobserved individual productivity heterogeneity...... firms to distinguish between firm-specific human capital and worker heterogeneity. Although the proportion of tenure returns due to firm-specific human capital is smaller than that found in the US, it has increased from 10% in 1980 to 30% in 1998 in Denmark. This change coincides with decentralisation...
Full Text Available The objective of this paper is to learn about the effects of the adjustment costs, economic growth, imports and exports on human capital labor demand. The dynamic model proposed by Sargent (1978 was adjusted to consider three types of human capital: (a one with fundamental education (1–8 years of schooling; (b one with secondary education level (9–11 years of education; (c and one with tertiary education level (12 years or more of schooling. Using state level panel data, the dynamic econometrics estimates showed the following results: (i the labor market adjustment costs are very higher; (ii the adjustment cost for the human capital with intermediary education level is the highest one compared to the others; (iii the states’ economic growth favor those with superior education; (iv the imports seems to favor the demand for those with intermediate education levels; (v the degree of openness does show some weak effect on the demand for human capitals with intermediate education. In sum, the growing demand for human capital with some superior education seems to be more associated to its lower adjustment cost and economic growth; the non-significance of real wage elasticity and high adjustment cost seems to indicate that the human capital with intermediate knowledge is in short supply; hence, economic education policy that increases supply of such human capital are in need.
Sheidaei , Zahra
Full Text Available This article studies the controversial relationship between human capital and growth through different channels using a cross-country panel approach applied for 104 countries, including 79 developing countries and 25 developed countries (OECD during 1980-2011. The analysis yields important insights into the relationship between human capital and growth. Firstly, we find a significant relationship between high levels of human capital and technology adoption Secondly, considering the levels of human capital directly as a innovation component in the productivity function shows that there is a non-linear relationship between this factor and growth. The results provide a new understanding of this relationship and to some extent contradict some earlier studies.
Abu Bakar Siti Anis Nadia
Full Text Available The emergence of social business enterprises has been attributed to the increased demand for sustainability among the non-profit organisations (NPOs due to diminishing funding from traditional sources and increased competition for the scarce resources. To date, there is growing interest on social businesses (SBs as innovation in providing public services that contributes to the social wellbeing of community. This in turn can be linked directly or indirectly to economic development as the sustainability level of the country is measured specifically towards the development of human capital and solving the social problems rather than the economics alone. Indeed, having both economic and non-economic aims, SBs would be the potential solutions to address a range of societal issues and increase the efficiency and quality of public sector services that focus on equitable growth with ecological sustainability. Therefore, it is important to explore the relationship between capability of SBs and the social impact created. This paper explores on capability based on human capital management and social impact or value created through SBs. This is expected to provide some insights on the sustainability and credibility of SBs to support the government efforts in moving towards high nation income.
Abdul Ghani Kanesan Abdullah; Aziah Ismail
The aim of this study was to identify the differences of human capital development aspects that have been emphasized in academic programmes offered by Malaysian Public Universities in order to produce high quality human capital. The data was obtained using questionnaires from 16 Malaysian public universities (namely, 3 Research Universities, 3 Comprehensive Universities, and 10 Focused Universities) in 2009. A set of questionnaire consisting of 110 items using the five likert scales were answ...
Heckman, James Joseph; Jacobs, Bas
Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Policies to promote human capital formation reduce welfare state dependency among the unskilled and offset inefficiencies in human capital formation. Skill formation features strong dynamic complementarities over the life-cycle. Investment...
E. D. Katulsky
Full Text Available Today, the progress of civilization becomes defined intellectual and educational power of man. Human capital because of its immensity become a major national resource. From the point of view of development, knowledge serves as a condition of social progress, as a prerequisite for public self-reflection, which in turn determines the level of the social system. The article discusses the theoretical aspects of the development of human capital in terms of the knowledge economy.
This article has two main objectives: The first one is to review the most commonly used methods of measuring human capital in the macroeconomic analysis. Here, a summary of methods considering educational characteristics of population and labour force is presented, such as usage of literacy rate, enrollment rates, educational attainment, labor income and quality of education. A challenge in front of human capital measuring is solving the problems related to its depreciation as well as those r...
Rosenzweig, Mark R.
Empirical evidence on three assertions commonly-made by population policy advocates about the relationships among population growth, human capital formation and economic development is discussed and evaluated in the light of economic-biological models of household behavior and of its relevance to population policy. The three assertions are that (a) population growth and human capital investments jointly reflect and respond to changes in the economic environment, (b) larger families directly i...
This dissertation presents three empirical studies on how to improve human capital in the public sector. In reverse chronological order, the essays ask who is attracted to public sector jobs (Paper 3); consider who can actually get a public sector job (Paper 2); and evaluate how current civil servants can be more effective at doing their job (Paper 1). In doing so, the dissertation presents tools that public managers can use to improve human capital within the constraints of government. P...
Madsen, Henning; Neergaard, Helle; Ulhøi, John Parm
The purpose of this paper is to address selected aspects of human capital in association with the entrepreneurial process in technology-based new ventures. Until recently, research investigating the founding of new businesses has mainly focused on the personal characteristics of entrepreneurs...... of a newly founded venture. Furthermore, the dimensions of human capital, experience and previous employment, seem to be essential in building the networks that help secure both the early as well as a continuous pool of finance for the ventures....
Adenike Mosunmola Osoba
Full Text Available Various studies have focused on the relationship between human capital and economic growth all over the world. However, there is still a missing gap on the joint influence of human capital investment components on economic growth particularly in Nigeria. This study therefore examines the interactive effects of the relationship between human capital investment components and economic growth in Nigeria for the period of 1986 – 2014. The study employed secondary annual data on education expenditure, health expenditure, real gross domestic product and gross capital formation obtained from the Central Bank Statistical bulletin, 2014. The data were analyzed using Fully Modified Ordinary Least Squares (FMOLS technique. The results of the study showed that there was positive and significant relationship between the interactive effects of human capital components and growth in Nigeria. The study concluded that the interactive effect of the human capital variables was also in conformity with the theoretical proposition that increase in human capital will enhance growth as stipulated in the modified Solow growth model by Mankiw, Romer & Weil (1992.
... Succession for the Office of the Chief Human Capital Officer AGENCY: Office of the Chief Human Capital Officer, HUD. ACTION: Notice of order of succession. SUMMARY: In this notice, the Chief Human Capital... Office of the Chief Human Capital Officer. DATES: Effective Date: October 20, 2011. FOR FURTHER...
Gretzinger, Susanne; Lemke, Sarah; Matiaske, Wenzel
of incentives on retention management and therewith implicates that retention management is significant for the process of developing and fostering a MNCs intellectual capital. To improve their human-resource based intellectual capital MNCs have to adapt their initiatives to the cultural background......From a strategic management perspective human capital and the embedded knowledge can be viewed as intellectual capital and became inevitably important for companies in general as well as for multinationals. While national companies just have to (re-)combine resources within a homogeneous...... if culturally differentiated incentive systems are necessary for optimised retention management? In the empirical part of this study it was made us of data from 32 countries. The research results reveal a moderating impact of cultural dimensions and therefore a cultural dependency for the effectiveness...
Full Text Available Theory of human capital views education as a specific production factor and as a specific sort of capital. Besides this theory, alternative concepts of education were developed. Philter theory which is interested in a selective function of education and created a different point of view of economic analysis phenomena in education. Signal equilibrium states for better or worse according to Pareto´s concept of efficiency and according to higher or lower difference between private and public educational returns.
Falco, Di Salvatore; Bulte, Erwin
We analyse whether traditional sharing norms within kinship networks affect education decisions of poor black households in KwaZulu-Natal. Theory predicts that the size of the kinship network ambiguously impacts on the incentive to invest in human capital (due to opposing ‘empathy’ and
Di Falco, Salvatore; Bulte, E.H.
We analyse whether traditional sharing norms within kinship networks affect education decisions of poor black households in KwaZulu-Natal. Theory predicts that the size of the kinship network ambiguously impacts on the incentive to invest in human capital (due to opposing ‘empathy’ and ‘free-rider’
Parisi, Cristiana; Rossi, Paola
The purpose of this paper is to develop a Human Capital Report focused on the competency profile of the key employees. Employing the case study of Biomedical Branch of University of Florence, we have designed a strategy map centred on key stakeholders: students, university, didactic and research....... This study contributes to the previous literature, describing how university institutes can measure the human capital readiness....... centres, businesses. Furthermore, we have designed a model for the management of human resources, integrating two different approaches: individual and organic. On the basis of this model, semi-structured interview was carried out to obtain rich data on the current competences of key employees, divided...
Tomé, Eduardo; Goyal, Apoorva
Purpose: This paper aims to analyze the role of human capital (HC), human resource development (HRD) and vocational educational and training (VET) in the emerging Indian economy. How may we define the HC, HRD and VET in India? To what extent and how as HRD investments in India contributed to India's recent economic development? What were the…
de Haan, M.; Plug, E.; Rosero, J.
In this paper we examine the effect of birth order on human capital development in Ecuador using a large national database together with self-collected survey data. Using family fixed effects models we find significant positive birth order effects; earlier born children stay behind in their human
Reynolds, Travis W. [Evans School of Public Affairs, University of Washington, Seattle, Washington, 98195 (United States); Farley, Joshua [Gund Institute for Ecological Economics and Department of Community Development and Applied Economics, University of Vermont, Burlington, Vermont, 05405 (United States); Huber, Candice [UVM Agricultural Extension Service, University of Vermont, Burlington, Vermont, 05405 (United States)
Ethiopia remains underdeveloped due to limitations in natural, human, social and built capital. A 2006 scientific atelier conducted in the city of Awassa, Ethiopia investigated investments in human and natural capital as a sustainable development strategy. Local stakeholders identified firewood shortages, degradation of croplands, rising lake levels encroaching on croplands and poor water quality as major impediments to development. They further identified ecological degradation as a key component of these problems, and they acknowledged multiple vicious cycles compounding the environmental and economic threats to the Awassa community. Proposed solutions included investment in natural capital in the form of reforestation activities, investment in human capital in the form of promoting more efficient wood stoves along with increasing public awareness of environmental threats, and investments in social capital in the form of inter-institutional coordination to address environmental problems. All recommended investments rely primarily on national resources, in distinct contrast to the extensive imports required for most built capital investments. Unfortunately, Awassa lacks the surplus necessary for major capital investments of any kind. The atelier therefore helped local participants identify potential funders and write grant proposals for various projects, though none have been funded so far. Reversing the ecological degradation on the scale necessary for sustained economic development in Ethiopia however will require a steady flow of substantial investments, and cannot rely solely on the short term generosity of funders. International payments for carbon sequestration and other ecosystem services could help provide the necessary resources. (author)
Enyonam Canice Kudonoo; Victoria Tsedzah
In this article, we propose ways for organizations in Anglophone West African (AWA) countries to tackle their human capital challenges in order to attain a competitive edge and globally position themselves. Human capital is critical to an organizationâ€™s survival. While organizations in advanced countries are focusing their attention on building their human capital for the sustenance of competitive advantage, those in AWA countries lag behind, leading to poor service delivery and low product...
Malamud, Ofer; Pop-Eleches, Cristian
This paper uses a regression discontinuity design to estimate the effect of home computers on child and adolescent outcomes by exploiting a voucher program in Romania. Our main results indicate that home computers have both positive and negative effects on the development of human capital. Children who won a voucher to purchase a computer had significantly lower school grades but show improved computer skills. There is also some evidence that winning a voucher increased cognitive skills, as measured by Raven’s Progressive Matrices. We do not find much evidence for an effect on non-cognitive outcomes. Parental rules regarding homework and computer use attenuate the effects of computer ownership, suggesting that parental monitoring and supervision may be important mediating factors. PMID:22719135
Woolliscroft, Paul; Cagáňová, Dagmar; Čambál, Miloš; Šefčíková, Miriam; Kamenova, Joana Valery
The globalisation phenomenon has been prevalent since the last decade of 20th century and remains a significant factor influencing both organisations and individuals today. Within a globalised business environment the effective management of multicultural aspects and differences has become imperative to ensure success. It is increasingly evident there is a need to develop a clear understanding of multicultural competencies in order to fully develop a strategic approach to human capital management (HCM). The adoption of a strategic approach is necessary to ensure a focus on the issues critical to success and competitive advantage including multicultural management, professional skills and knowledge management. This paper aims to identify the importance of intercultural management and the impact of globalisation upon international business.
Full Text Available Today firms advocate buy a business improvement depends on proper reach staff selection considering the level of commitment, work attitude, skills and competencies of each person in the performance of the functions of the various fees and jobs. This research proposes a module occupational competency (CL that would strengthen the Human Capital Management (GCH. The proposal may encourage national institutions and increase their productivity sustained employment success for the country. For the realization of the solution was carried out the study of business processes and methods of multicriterial decision-making. Following the completion of the design, the solution was implemented and the identified components were integrated, the results of the data obtained showed the feasibility of the contribution to the solution of the problem.
Full Text Available O artigo aborda a retomada do conceito de capital humano nas últimas décadas no contexto da hegemonia de organismos multilaterais mais diretamente vinculados ao pensamento e aos interesses norte-americanos na área educacional, e de demandas que resultam da reestruturação produtiva e sociocultural na Nova Era Capitalista. Ressalta a amplitude das noções metafóricas dele derivadas (Bourdieu e outros e indica o trecho dos Grundrisse em que Marx refere-se ao homem como sendo o próprio capital fixo criado pelo desenvolvimento de suas capacidades no tempo livre.The article treats the retaking of the concept of human capital in recent decades in the context of the hegemony of the multilateral organizations more directly linked to the North American thinking and interests in the educational area and the demands which have resulted from the productive, social and cultural restructuring of the New Age of Capitalism. It highlights the breadth of the metaphorical notions derived from it (Bourdieu and others and cites the excerpt from the Grundrisse in which Marx refers to humans as fixed assets created by the development of their abilities in their free time.
Full Text Available This paper investigates how family size affects children's human capital, comparing Italy and France. We tested the dilution effect in these countries, starting with the assumption that the higher the number of siblings, the fewer parental resources are available for each child, and the lower the probability that each child will successfully pursue his/her educational career. We find a negative correlation between the number of siblings and human capital. However, when the analysis is developed with a causal approach, the strength of the dilution effect weakens in Italy and disappears in France.
Attanasio, Orazio; Meghir, Costas; Nix, Emily; Salvati, Francesca
In this paper we use high quality data from two developing countries, Ethiopia and Peru, to estimate the production functions of human capital from age 1 to age 15. We characterize the nature of persistence and dynamic complementarities between two components of human capital: health and cognition. We also explore the implications of different functional form assumptions for the production functions. We find that more able and higher income parents invest more, particularly at younger ages when investments have the greatest impacts. These differences in investments by parental income lead to large gaps in inequality by age 8 that persist through age 15.
Studies in strategic human resource management emphasize the contribution of human and human resource management to organizational performance achievement. Human and organizational capitals are strategic capability and mechanism to create value in an organization.This paper seeks to identify an interactive relationship between human and organizational capital in strategic human resource management theoretically, which so far, have not got adequate attention, particularly in a systemic relatio...
Studies in strategic human resource management emphasize the contribution of human and human resource management to organizational performance achievement. Human and organizational capitals are strategic capability and mechanism to create value in an organization.This paper seeks to identify an interactive relationship between human and organizational capital in strategic human resource management theoretically, which so far, have not got adequate attention, particularly in a systemic relatio...
Fenichel, E. P.; Abbott, J.; Fujitani, M.
The idea that geological and biological natural resources provide ecosystem services and that the physical geological and biological stocks, referred to as ecological stocks, are forms of capital is not new, but has attracted increased attention since the Millennium Ecosystem Assessment was released in 2005. Yet, the exact meaning of these terms, the connection between natural capital and ecosystem services, and the broader links between biophysical science and economics is often vague. The conceptual connection between ecosystem services and natural capital is that ecosystem services are the flow of goods and services that people receive from natural resources, and these flows are generated by an endowment of ecological stocks. While individuals derive benefits from a flow of services, the extent that people value the underlying natural capital asset depends on institutional arrangements in addition to the ecological properties of the stocks, because the value of capital relates to the future flow of services. A coupled human-natural systems modeling approach can help understand the value of natural capital in addition to helping scientist and policy makers better manage earth's resources. The value of a capital asset is the net present value of the flow of service, often calculated by the NPV rule. The NPV rule almost always assumes perfectly functioning markets for services and capital, but for many important ecosystem services such markets simply do not exist. The NPV rule can be derived by maximizing the net present value of capital. Indeed, the NPV rule comes from the adjoint condition of an optimal control problem where the flow of services from the capital asset are the benefits, and the dynamics of the capital stock are the constraints. Yet, trying to apply the traditional NPV rule to ecosystem services and natural capital can be frustrated by not knowing where pieces of the puzzle fit. We compare the standard NPV rule with a modified NPV rule derived by
Dauda, Rasaki Stephen
West Africa occupies the third position with respect to the burden of human immunodeficiency virus/acquired immune deficiency syndrome (HIV/AIDS) globally, after Southern and East Africa. About 5 million adults and children are infected with the disease in the subregion, while HIV prevalence in the general population hovers around 2% and 5%. This paper attempts to investigate the impact of HIV/AIDS epidemic on human capital development in 11 West African countries over the period 1990 to 2011. The study used a dynamic panel data modeling approach, using first difference, difference generalized methods of moment, and system generalized methods of moment estimating techniques. Four measures of HIV/AIDS and 2 human capital measures were used in the study. The findings revealed that HIV/AIDS pandemic had negative and significant impact on human capital in West Africa. However, the statistical significance was more pronounced on life expectancy (a measure of human capital), while the negative impact on school enrolment (another human capital measure) was not significant. It is therefore recommended that the spread of HIV/AIDS disease in West Africa should be effectively controlled, while the number of infected persons undergoing antiretroviral therapy in the subregion should be increased to a near 100% coverage. Copyright © 2018 John Wiley & Sons, Ltd.
This paper provides insights into the human capital development of a group of young entrepreneurs, all of whom have built growth businesses with turnovers of between 1M British Pounds and 90M British Pounds. Their development of knowledge and skills was investigated before and during the creation of their first main ventures. This is significant…
The role of human capital in the growth process of any nation is crucial. It is a major tool for poverty reduction. The main aim of this paper is to carry out an empirical investigation on the relationship between investment in education, health and economic growth in Nigeria, using time series data from 1982 to 2011. This paper ...
This research aims to examine the existence of the human capital management through competencies and knowledge management approach in Scientific Research Centers within knowledge based economy. The study was applied to the case of Scientific Research Centers in Algeria, such as: (CREAD, CRSTRA, CDTA, ...
African Research Review ... Abstract. The paper is aimed at examining the poverty profile of Nigeria and its consequences on access to health care services and human capital development in the country. ... Apart from looking at the theoretical milieu, the paper also examined the nature and dimensions of poverty in Nigeria.
Abstract. The paper is aimed at examining the poverty profile of Nigeria and its consequences on access to health care services and human capital development in the country. It is a startling paradox that about two – thirds of Nigerians are poor despite living in a country with vast potential wealth. Apart from looking at the ...
This study analyzes the relationship between entrepreneur human capital endowments and minority enterprise profitability. In addition to fostering industrial diversity by creating and expanding firms in heavy construction, manufacturing, and skill-intensive services, the better-educated entrepreneur group is found to be utilizing effectively both…
Hai, Rong; Heckman, James J
This paper investigates the determinants of inequality in human capital with an emphasis on the role of the credit constraints. We develop and estimate a model in which individuals face uninsured human capital risks and invest in education, acquire work experience, accumulate assets and smooth consumption. Agents can borrow from the private lending market and from government student loan programs. The private market credit limit is explicitly derived by extending the natural borrowing limit of Aiyagari (1994) to incorporate endogenous labor supply, human capital accumulation, psychic costs of working, and age. We quantify the effects of cognitive ability, noncognitive ability, parental education, and parental wealth on educational attainment, wages, and consumption. We conduct counterfactual experiments with respect to tuition subsidies and enhanced student loan limits and evaluate their effects on educational attainment and inequality. We compare the performance of our model with an influential ad hoc model in the literature with education-specific fixed loan limits. We find evidence of substantial life cycle credit constraints that affect human capital accumulation and inequality. The constrained fall into two groups: those who are permanently poor over their lifetimes and a group of well-endowed individuals with rising high levels of acquired skills who are constrained early in their life cycles. Equalizing cognitive and noncognitive ability has dramatic effects on inequality. Equalizing parental backgrounds has much weaker effects. Tuition costs have weak effects on inequality.
Ilya I. Rodin
Full Text Available The present state of human capital management (HCM in Russia is considered in the article. A statistical data is provided. The author examines Russian government policy concerning HCM and describes its methods and tools. The strategies and tactics of HCM are investigated considering a certain select organization.
Panel data on MBA graduates is used in an attempt to empirically distinguish between human capital and signaling models of education. The existence of employment observations prior to MBA enrollment allows for the control of unobserved ability or selection into MBA programs (through the use of individual fixed effects). In addition, variation in…
The four studies presented here pertain to an often neglected characteristic of educational investments in human capital literature: its unpredictability and how individuals account for and respond to it. The first study elicits, from a sample of Dutch high school students, the level of information
B. Jacobs (Bas); A.L. Bovenberg (Lans)
textabstractThis paper explores how the specification of the earnings function impacts the optimal tax treatment of human capital. If education is complementary to labor effort, education should be subsidized to offset tax distortions on labor supply. However, if most of the education is enjoyed by
Diminishing state support for higher education threatens human capital development. This quantitative study undertook to determine the state factors that influence higher education funding and to what degree they do so, what level of funding is required to satisfy higher education expenditure need, and what can help to ensure that those funding…
Educational practices based on human capital theory are unlikely to alleviate social inequities because the theory views people as isolated materialists driven by desire for goods and security. It assumes an educational meritocracy in which socioeconomic status is limited only by educational investment, and more educated people are presumed to be…
Information about the labour market should improve while government policy should favour labour mobility. There should be regular interaction of planners, employers and builders of human capital to facilitate the process of meaningful national development. (Nigerian Journal of Clinical and Counselling Psychology: 2001 ...
Most recently a number of school districts, with support from growing numbers of philanthropic foundations, have been honing in on the strategic management of human capital(SMHC)--which has been defined as "the acquisition, development, performance management and retention of top talent." Granted, over the last two decades policymakers and…
Keywords: Human Resource Management, Domestic Airlines, Foreign Airlines, Nigeria. Introduction ... entry or exit into any city air market was high, new entrants into the industry were controlled, fares were fixed and ..... capital involvement practice in the FAs context, but for the DAs on 40 per cent believed that quality could ...
Jensen, Kent Wickstrøm; Rezaei, Shahamak; Schøtt, Thomas
home country and in the new host country. Such dual embeddedness may have a reinforcing or a countervailing impact on the benefits of human and social capital for innovation. Using a sample of 3,593 Chinese entrepreneurs in China and 177 Chinese entrepreneurs residing abroad, we examine the benefits...
Ashourizadeh, Shayegheh; Rezaei, Shahamak; Schøtt, Thomas
of residence does not impact entrepreneurial intention. Human and social capital benefits entrepreneurial intention, as expected. Furthermore, the place of residence has moderating effects on the relationship between self-efficacy and entrepreneurial intention, but not on the relationship between education...
We study the recursive relationship between the ability of Dutch cities to attract recent graduate human capital to their labour—or housing markets and a city’s skills structure, using a comprehensive dataset and a novel operationalisation strategy. We disentangle production and consumption
The study assessed the human capital development in Technical Colleges in Imo State of Nigeria. All the Technical Colleges in the State participated in the study. Results showed low enrollment in the Colleges. There was gender inequity in the enrollment as only 59 females (1.97%) enrolled in the Technical Colleges.
Никита Сергеевич Иванов
Full Text Available Issues connected with particularities and mechanisms of human capital management are considered in the article; appropriateness of investments into it in the conditions of modern production is assessed. Motivation system to encourage high labor productivity, working experience, skills and the level of education, health – all this must be reflected in the wage size and facilitate formation of human capital in the process of company management. Education and activity aimed for health care include current costs for the sake of future benefits. Individuals and the companies differ by a degree of readiness to make such long-term investments. Proper use of natural abilities of a man as a function of human capital management is its integral part. It can be illustrated in such a way: natural abilities of a man to some extent are like lease of land which brings profit. The key factor here is investments into growth of human capital and its quality.DOI: http://dx.doi.org/10.12731/2218-7405-2013-10-13
Dentoni, D.; Blok, V.; Lans, T.; Wesselink, R.
This essay discusses 1) the current agri-food firms’ need of interacting with multiple stakeholders to undertake sustainable strategies effectively, 2) the relationship between human capital and firm capabilities to effectively interact with multiple stakeholders and 3) a list of competencies
The driving force for a nation's development and growth has shifted from natural endowment to knowledge economy. Countries without abundant resources have been excelling because of the emphasis on human capital that propels knowledge economy. This paper therefore, has emphasized the need for Nigeria to move ...
Smits, Coco C. A.; Justinussen, Jens Christian Svabo; Bertelsen, Rasmus Gjedssø
of a Social License to Operate addresses the acceptance of an activity by local communities and other stakeholders. This manuscript explores the role human capital development in obtaining and maintaining a Social License to Operate in Iceland, the Faroe Islands and Greenland. As trust and legitimacy...
This study articulates the development thrust of the Nigerian government, (1999 – 2003), in the area of human capital information and poverty reduction. The policies to achieve its objectives and the gains of such policies to the common man in Nigeria. To achieve its objectives, the government emphasized, macroeconomic ...
Verkhohlyad, Olga; McLean, Gary N.
Purpose: This study aims to bring some additional insight into the issue of emigration by establishing a relationship between emigration and psychic return of citizens to their human capital investment in the country. Design/methodology/approach: The article adopts a quantitative research strategy. It applies organizational commitment and human…
Despite the enormous interest in human capital analytics (HCA), organizations have struggled to move from operational reporting to HCA. This is mainly the result of the inability of analytics teams to establish credible internal HCA and demonstrate its value. In this article, we stress the import...
Palmer, Teresa M.
An exploratory study examined what the largest and most successful manufacturing and service companies in the United States are doing to address human capital needs through training and development. A questionnaire was sent to 168 firms from the service sector and 165 from the manufacturing sector, as identified by "Fortune"; 81 responded.…
Purpose: The primary purpose of this study is to determine the status of human capital planning in higher education institutions in Jordan. Design/methodology/approach: A random sample of 120 faculty members (in administrative positions) responded to a human capital planning (HCP) survey. The survey consisted of a pool of 38 items distributed over…
Shastry, Gauri Kartini
Recent studies suggest that globalization increases inequality, by increasing skilled wage premiums in developing countries. This effect may be mitigated, however, if human capital responds to global opportunities. I study how the impact of globalization varies across Indian districts with different costs of learning English. Linguistic diversity…
Ramlan, Jorah; Ahmed, Elsadig Musa; Pointon, Leo
This paper finds that the contribution of Information and Communication Technology (ICT) to Malaysian economic growth is the highest at an average of 13 percent for the period 1966 to 2005 against 4.7 percent for Total Factor Productivity (TFP), 9.7 percent for Gross Domestic Product (GDP), 9.6 percent for capital, and 3.0 percent for labour. The decomposition of human capital growth indicates that the contribution for ICT intensity at 14 percent is highest in the sub-period of 1987 to 2005, ...
Full Text Available Innovation is essential for economic growth in developed countries. One of the most important sources of innovation is human capital. In this article, state of human capital in EU countries is investigated in order to show the relationship between human capital and national innovation performance. In the first part, theoretical assumptions of human capital importance for innovation processes are analysed. Secondly, measures of human capital are analysed and a measurement model is presented. This model is applied for investigation of state of human capital in 26 EU countries during 2002-2012. Results showed that quality of human capital is the most important factor for innovation performance. Quality indicators have even higher correlation with innovation in countries with low share of innovative enterprises (enterprises with high-level of new technology acceptance and usage. The aim of research is to analyse the theoretical importance of human capital investment for national innovation capability in EU countries, and to determine human capital aspects that foster innovation performance. Therefore, objectives are as follows: to analyse theoretical assumptions of human capital importance for innovation processes and to present the current state of research; to analyse available human capital measures and create a human capital measurement model; and to analyse state of human capital in EU countries as well as its relationship with national innovation capability.
Simon Appleton; Francis Teal
Health and education are both components of human capital and contributors to human welfare. Oneindex of human welfare, which incorporates income, education and health, shows that Africa’s level of‘human development’ is the lowest of any region in the world. In this paper we will frequently compareAfrica with South Asia. While Africa’s level of human development is lower than that of South Asia, itsper capita income is higher. Africa’s poor economic performance has been most marked in its gro...
The paper highlights the role of education in the growth of economic competitiveness and efficiency of human capital, in accordance with the quality of education and investments in human resources, in order to enhance labour productiveness. The paper starts by a brief analysis of Romania’s educational system, by comparison with the EU countries, analysing the number of high school students / college students per teacher, the percentage of education expenditure in the GDP, the correlation betw...
Sahana Roy Chowdhury
This paper presents a two-step job ladder model where a skilled individual faces uncertainty in getting a skilled job and an inferior (unskilled) job down the job ladder is the alternative employment opportunity. When the probability of getting the skilled job is low enough, the model suggests the optimal policy to reach the social optimum is taxing rather than subsidizing human capital investment. The paper analyses the conditions when migration can act as a substitute for subsidizing human ...
Norhayati Mat Husin
Full Text Available This paper aims to examine the extent of human capital (HC reporting among top Malaysian companies and introduce an HC reporting guideline that can be used by Malaysian companies and regulator. It begins by developing the HC framework based on previous intellectual capital (IC frameworks. This framework is then used to examine each of the top 100 Malaysian companies listed on the Bursa Malaysia in year 2008. Using the content analysis method, it reviews the annual reports of these companies to determine the extent of HC reporting. The findings of this paper highlight the need for the development of IC framework particularly on HC. HC differences were also identified between Malaysia and other countries such as Sri Lanka and Australia, and it is argued that these differences can be attributed to the social, economic, and political factors.
Yoon, Susan A.; Yom, Jessica Koehler; Yang, Zhitong; Liu, Lei
Background: Recent research investigating the conditions under which science teachers can successfully implement science education reforms suggests that focusing only on professional development to improve content knowledge and teaching skills--often referred to as human capital--may not be enough. Increasingly, possessing social capital, defined…
Inessa Alexandrovna Gurban
Full Text Available The paper outlines evolution of human capital theory. It provides a methodological approachfor measuringthe level of human capital development in the regions of Russian Federation. The approach suggested enables to determine the qualitative state of human capital in each region, to find out the reasons underpinning the current situation, to asses regions’ contribution to the overall national human capital, to develop someindividual approach to forming another quality human capital and its managing foreach territory. The methodology afforded theinstrumentwarebased on the qualimetricanalysis, whichuses the natural estimates (indicators of an object. A system of indicators simulating the human capital state puts forward the following modules: demographic, educational, labor, research and sociocultural. The tool offered allows differentiation of the Russian regions into the levels of human capital state. The 2011 rating of Russian regions according to the human capital state is given.
Office of Personnel Management — List of members of the Chief Human Capital Officers Council (CHCOC): Federal Chief Human Capital Officers (CHCOs) and Deputy CHCOs, as well as the council's chair,...
BACKGROUND: This article focuses on the question of nurturing human capital in a company environment with emphasis on developing human capital not only by education, but also by investing into a healthy life...
Thompson, Jennifer Jo; Conaway, Evan; Dolan, Erin L.
Recent calls for reform in undergraduate biology education have emphasized integrating research experiences into the learning experiences of all undergraduates. Contemporary science research increasingly demands collaboration across disciplines and institutions to investigate complex research questions, providing new contexts and models for involving undergraduates in research. In this study, we examined the experiences of undergraduates participating in a multi-institution and interdisciplinary biology research network. Unlike the traditional apprenticeship model of research, in which a student participates in research under the guidance of a single faculty member, students participating in networked research have the opportunity to develop relationships with additional faculty and students working in other areas of the project, at their own and at other institutions. We examined how students in this network develop social ties and to what extent a networked research experience affords opportunities for students to develop social, cultural, and human capital. Most studies of undergraduate involvement in science research have focused on documenting student outcomes rather than elucidating how students gain access to research experiences or how elements of research participation lead to desired student outcomes. By taking a qualitative approach framed by capital theories, we have identified ways that undergraduates utilize and further develop various forms of capital important for success in science research. In our study of the first 16 months of a biology research network, we found that undergraduates drew upon a combination of human, cultural, and social capital to gain access to the network. Within their immediate research groups, students built multidimensional social ties with faculty, peers, and others, yielding social capital that can be drawn upon for information, resources, and support. They reported developing cultural capital in the form of learning to
Absalyamova, Svetlana; Absalyamov, Timur; Khusnullova, Asiya; Mukhametgalieva, Chulpan
The article explains the use of the human capital sustainable development index (HCSDI) to assess the quality of the reproduction of human capital. The paper provides the algorithm for calculating HCSDI and its components. Authors estimated cross-country differences of HCSDI and developed econometric model of the impact of corruption on HCSDI. The use of this model has allowed to reveal the mechanism and assess the impact of corruption on HCSDI and its components. The results of econometric analysis revealed a negative multiplier effect: an increase in the corruption of the socio-economic system of the state by 1% caused HCSDI reduce by more than 1%. The results and conclusions may be proxy-assessments of the socio-economic consequences of violations of the stability of reproduction of human capital in the conditions of the growth of corruption in the country
Full Text Available BACKGROUND: This article focuses on the question of nurturing human capital in a company environment with emphasis on developing human capital not only by education, but also by investing into a healthy lifestyle, development of key competencies, social capital etc. Human capital development is usually interpreted as education. The bearer of knowledge, the employee, is often of secondary focus and not being taken into account. Increasing the efficiency of companies as well as the productivity of employees is often discussed only in context of their education. It is not our intention to derogate the importance of spreading knowledge, but in our opinion, this particular field is being emphasized to the prejudice of other components of a human being as the bearer of knowledge as well as of a human being as the basis of human capital. We believe it is important to consider more complex paradigms of human capital development as well as other factors besides education, such as health, physical development, aesthetics etc. We assume that every company can gain a competitive advantage by using appropriate methods and tools to develop human potential. The European Union set a strategic goal for this decade at the conference in Lisbon in year 2000: "Becoming the most competitive and dynamic knowledge-based economy in the world, capable of sustainable economic growth with more and better jobs and greater social cohesion". Based on the recommendation of the European Council from June 26th 2003 on the Broad Economic Policy Guidelines for Member States the EU considered this objective as one of the most strategic. In connection with this strategic goal, finding the potential for increasing the competitiveness of the European economy was accentuated. With the adoption of this strategy, companies, not only in the Czech Republic, focus on the human capital and its development as a means to fulfilling strategic objectives. OBJECTIVES: The aim of this paper is to
While the literature on economic growth provides mixed evidence on convergence across different countries and regions, a large number of studies point toward the widening income gap between rich and poor. In the development literature, a broader range of national welfare indicators beyond income per capita—health and education in particular—are considered important instruments for measuring progress in human development. This article examines education and other selective welfare indicators t...
Ten to twelve percent of the world population is identified as having one or more types of disability. This ecodeme has been historically known to be discriminated, marginalized, and disempowered by the lack of access to resources and to education. This article discusses the importance of adding special capital to the global human capital in the…
Lutz, Wolfgang; KC, Samir
Almost universally, women with higher levels of education have fewer children. Better education is associated with lower mortality, better health, and different migration patterns. Hence, the global population outlook depends greatly on further progress in education, particularly of young women. By 2050, the highest and lowest education scenarios--assuming identical education-specific fertility rates--result in world population sizes of 8.9 and 10.0 billion, respectively. Better education also matters for human development, including health, economic growth, and democracy. Existing methods of multi-state demography can quantitatively integrate education into standard demographic analysis, thus adding the "quality" dimension.
Vladimir Alekseyevich Iontsev
Full Text Available In the article, the current demographic situation that has developed in Russia and can be described as a demographic crisis is analysed. One of its most important characteristics is the negative qualitative changes that occur in the population. Modern information technology contributes a lot to this process. The negative qualitative changes in the population, which have begun in the second half of the 1980s and have increased in present-day Russia, prevent the development of human capital in the country. In addition to that, the authors give their own interpretation of the concept of "human capital". The purpose of the paper is to justify the primacy of the demographic factor in the formation and development of human capital. Migration in the form of a brain drain also has a negative impact on the development of human capital in Russia and its regions. The human development index calculated for the country as a whole and for its regions confirms the above-mentioned. In the paper, the methods of demographic analysis, the demographic indicators and indexes, which can serve to analyse the qualitative characteristics of the population, are utilized. The authors arrive at the conclusion that at the present stage, it is impossible to develop human capital without solving the demographic problems. This is especially true for some regions of Russia. Awareness of this will contribute to the more efficient management of demographic processes, which, in turn, will guarantee the positive development of human capital, strengthening and development of the Russian economy and society as a whole.
Brocheler, [No Value; Maijoor, S; van Witteloostuijn, A; Bröcheler, V.
This paper studies the relationship between auditor human capital and audit firm survival. Specifically, the effects are investigated of the human capital of auditors on the survival chances of newly established audit firms. Human capital is analyzed both at the time of entry of a new audit firm and
Projected record retirements of Baby Boomer generation engineers have been predicted to result in significant losses of mission-critical knowledge in space, national security, and future scientific ventures vital to high-technology corporations. No comprehensive review or analysis of engineering capabilities has been performed to identify threats related to the specific loss of mission-critical knowledge posed by the increasing retirement of tenured engineers. Archival data from a single diversified Fortune 500 aerospace manufacturing engineering company's engineering career database were analyzed to ascertain whether relationships linking future engineering capabilities, engineering disciplines, and years of engineering experience could be identified to define critical knowledge transfer models. Chi square, logistic, and linear regression analyses were used to map patterns of discipline-specific, mission-critical knowledge using archival data of engineers' perceptions of engineering capabilities, key developmental experiences, and knowledge learned from their engineering careers. The results from the study were used to document key engineering future capabilities. The results were then used to develop a proposed human capital retention plan to address specific key knowledge gaps of younger engineers as veteran engineers retire. The potential for social change from this study involves informing leaders of aerospace engineering corporations on how to build better quality mentoring or succession plans to fill the void of lost knowledge from retiring engineers. This plan can secure mission-critical knowledge for younger engineers for current and future product development and increased global competitiveness in the technology market.
Karami, Mahtab; Torabi, Mashallah
Hospital is a complex organization rich in intellectual capitals. Effective management of these assets in line with innovating value to reach strategic goals and objectives can lead to increasing organizational IQ. In hospital with high organizational IQ, Increasing syntropy in intellectual capitals can convert it to an agile, learner, innovative, and smart organization.
Mpho D. Magau
Full Text Available Orientation: The methodologies employed for achieving two important goals of human resource (HR measurement, namely to enhance decisions about human capital and to connect HR and business strategy, are rarely empirically investigated.Research purpose: The aim of the present study was therefore to use the Human Capital (HC BRidgeTM framework to compare the views of HR practitioners with those of line management on HC solutions towards achieving strategic business objectives.Motivation for the study: The motivation for this study was to determine whether the HC BRidgeTM framework can create a useful platform for leveraging human capital solutions and for demonstrating HR value-add.Research design: A census-based survey was conducted on a target population of 787 supervisors and managers in specific categories in a mining company, which yielded 202 responses. The measuring instrument used was based on the HC BRidgeTM framework and on the company’s strategic objectives. Item intercorrelations on the subscales were followed by factor analyses and iterative item analyses.Main findings/results: The self-developed measuring instrument yielded an overall Cronbach alpha coefficient of 0.97. Statistically significant differences were found between line management’s and HR practitioners’ views in respect of the three strategic business objectives.Practical/managerial implications: The results suggested that HR management was not yet fully aligned in respect of strategic business objectives and of becoming a strategic business partner.Contribution/value-add: The study therefore suggested that the HC BRidgeTM framework can be used as a method to connect human capital processes with business strategy to leverage business results and to demonstrate value-add.
Full Text Available There are a number of approaches to measure national competitiveness. However, in these reports human capital typically appears indirectly. The author's purpose is to uncover how human capital contributes to competitiveness of economies and to propose an approach to identify the most effective improvement opportunities for countries, illustrated on the example of Hungary. The analysis is based on the data of the Global Talent Index Report (2011 and the Global Competitiveness Report 2012-2013. The components of the Global Talent Index (GTI and their relation to the Global Competitiveness Index (GCI were analyzed with a linear programming based similarity analysis method, component-based object comparison for objectivity (COCO. Based on the output of the analysis it was identified how sensitive the Global Competitiveness Index is to the components of the GTI. Hungary's position was analyzed further to quantify improvement opportunities and threats based on the step function resulted by the COCO analysis. The author concludes that the human resource of a country is a pivotal element of national competitiveness. By developing human capital of the country the overall competitive position may be improved. Areas of priorities may be identified and the level of intervention may be quantified specific to a country. This could help policy makers to decide in the allocation of resource to maximize effectiveness, leading to improve (or protect a country's overall competitive position in the global arena.
Abel, Jaison R.; Gabe, Todd M.
We examine the relationship between human capital and economic activity in U.S. metropolitan areas, extending the literature in two ways. First, we utilize new data on metropolitan area GDP to measure economic activity. Results show that a one-percentage-point increase in the proportion of residents with a college degree is associated with about a…
de Pleijt, A.M.|info:eu-repo/dai/nl/375805621
Economic models of the Industrial Revolution increasingly emphasize the key role of human capital in promoting economic growth, and empirical studies have shown that education is a strong predictor of per capita GDP. Contrary to the theory, however, economic historians have described the role of
Meijerink, Jeroen Gerard; Bondarouk, Tatiana; Looise, Jan C.
Human Resource Shared Services (HRSS) are increasingly established to reap the benefits of both centralization and decentralization. Such benefits are to be expected, as HRSS centrally bundle intellectual capital and offer HR services that are adapted to the needs of clients and end-users. As a
Jayachandran, Seema; Lleras-Muney, Adriana
Longer life expectancy should encourage human capital accumulation, since a longer time horizon increases the value of investments that pay out over time. Previous work has been unable to determine the empirical importance of this life-expectancy effect due to the difficulty of isolating it from other effects of health on education. We examine a…
Azarnert, Leonid V.
This paper analyzes the consequences of integration in public education. I show that the flight from the integrated multicultural public schools to private education increases private educational expenditures and, as a result, decreases fertility among more affluent parents whose children flee. In contrast, among less prosperous parents…
Aturupane, Harsha; Savchenko, Yevgeniya; Shojo, Mari; Larsen, Kurt
Education is one of the most important determinants of economic performance in the modern world. This is true of both countries and individuals. The main characteristic which distinguishes between advanced economies, middle-income economies and low-income countries, is the knowledge content of their production activities and processes. Economic activities and products have become increasingly knowledge and skill-intensive in recent years. In addition, the importance of knowledge and skills is...
Human capital theory suggests that education benefits individuals' and their children's health through the educational skills people acquire in school. This perspective may also be relevant at the community level: the greater presence of adults with educational skills in a community may be a reason why living in a more highly educated setting benefits health. I use Demographic and Health Survey data for 30 sub-Saharan African countries to investigate whether the percentage of literate adults-specifically women-in a community is associated with children's likelihood of survival. I characterize 13,785 African communities according to the prevalence of women who are literate. Multilevel discrete-time hazard models ( N = 536,781 children) confirm that living in a community where more women are literate is positively associated with child survival. The study supports the conceptualization of literacy, and potentially other educational skills, as forms of human capital that can spill over to benefit others.
Full Text Available This paper proposes a dynamic economic model with health, human capital and wealth accumulation with elastic labor supply. The economic system consists of one industrial, one health, and one education sector. Our model is a synthesis of four main models in economic theory: Solow’s one-sector neoclassical growth mode, the Uzawa-Lucas two sector model, Arrow’s learning by doing model, and Grossman’s growth model with health. The model also includes Zhang’s idea about creative leisure or learning by consuming. Demand and supply of health service and education are determined by market mechanism. The model describes dynamic interdependence among wealth, health, human capital, economic structure, and time distribution among work, health caring, and education under perfect competition. We simulate the model and examine effects of changes in the propensity to consume health caring, the efficiency of producing health caring, the propensity to receive education, and the propensity to save.
Schultz, T. Paul
This paper reviews the methods and empirical findings from economic analyses of women's contribution to social welfare and the determinants of their human capital. To understand better women's roles in agricultural households, three themes have gained prominence in the economics literature. First is the conceptualization of the unified family as coordinator of production and consumption over the lifecycle. Second is the role of separability of production and consumption decisions in the agric...
David Mayston; Juan Yang
University of York Beijing Normal University The efficiency of the process of investment in human capital through education is of considerable importance both to the individuals involved and to the wider economy. The paper develops an analytical framework in which issues of the efficiency of such investment can be considered alongside its interface with the operations of the labour market, and in which the risks posed by such educational investments when the labour market is less than fully e...
The career prospects of newly recruited employees differ substantially within an organization. The stars experience a considerable growth in earnings; others can hardly maintain their entry salaries. This article sheds light on the mechanisms generating the observed heterogeneity in earnings progression by investigating the effects of on-the-job human capital acquisition, explicit short-run incentives and career concern incentives on earnings progression. The model leads to predictions about ...
Erwan Quintin; John J Stevens
We use a unique data set on employee turnover by industry in Arizona to test competing theories of turnover. We find that industries with lower establishment survival rates have more employee turnover, even after controlling for differences in the distribution of employee tenure. This result is consistent with a model of turnover where employees choose how much firm specific human capital to accumulate, but it is inconsistent with job matching models.
integrated enterprise ” to describe the venture. The foundation of this enterprise is human capital and HR management (Boudreau 2011). Employees at IBM...development. If an officer deviates from this path, they risk non-selection for promotion. Additionally, branch managers can only see an officer’s...Carlisle, PA. Boudreau, John W. 2010. IBM’s Global Talent Management Strategy: The Vision of the Globally Integrated Enterprise . Alexandria, VA
Rayén Amanda Rovira Rubio
Full Text Available The present research aimed to know the significance of academic training experienced by postgraduate students who are pursuing their studies abroad under the context of a Training Program for Advanced Human Capital promoted by the Government of Chile. A feminist epistemology of situated knowledge was used as methodological framework, and narrative productions were used as technique of data collection. With this approach, the experiences of seven graduate students in Spanish universities, mostly of them beneficiaries of scholarships from Chile, were analyzed. The main findings were: the positive assessment of the experience of studying abroad, the divergent testimonies about these experiences, which based on previous educational trajectories and the socioeconomic level of the professional. These aspects influenced the identifications with the concept of Advanced Human Capital for Chile. Also, for some participants, the Advanced Human Capital is seen as an imposed concept which does not coincide with the real opportunities for the professional practice in the country. Therefore, the participants are sceptical about the possibilities of adequate job insertion in the return to Chile.
Yelena Mikhaylovna Avraamova
Full Text Available In the articles, the households’ educational strategies for school children are surveyed on the basis of sociological research. The significance attached to school education in connection with human capital accumulation is in the focus of attention. It is shown that the accumulation of human capital through mass obtainment of higher professional education appeared as the consequence of rather significant gap in salaries level of educated specialists and employees without higher education. The article reviews such problems as the role of education in the present-day world, its significance as the foundation of human capital accumulation. The goals that households set before the system of school education are revealed on the basis of sociological data. Educational strategies of school children in connection with their opportunities of successful overcoming of Unified State Examination are explored. The assumptions concerning educational strategies alterations are made on the basis of conducted analysis and statistic data, which revealed the tendency of converging salaries of employees who received higher education with salary level of employees who received secondary professional education.
Hain, Daniel; Christensen, Jesper Lindgaard; Jurowetzki, Roman
In this paper, we analyze the interaction between human capital signals of entrepreneurial founding teams with the contextual experience of potential investors, aiming to explain investment decision making. We use the case of cross-border venture capital (VC) investments in volatile and uncertain...... experience, investors improve their heuristics and develop more sophisticated and contextual decision making procedures. Previous research in the context of VC investments particularly points at human capital signals of the founding team as an important criteria considered by venture capitalists. Among those...... environments as our empirical setting. A large body of research from behavioral economics illustrates that when faced with uncertain and complex decision problems, investors tend to rely on simple heuristics and rules-of thumb, derived by easily accessible and assessable signals. Yet, with increasing...
Hockenberry, Jason M; Helmchen, Lorens A
To test how practice interruptions affect worker productivity, we estimate how temporal breaks affect surgeons' performance of coronary artery bypass grafting (CABG). Examining 188 surgeons who performed 56,315 CABG surgeries in Pennsylvania between 2006 and 2010, we find that a surgeon's additional day away from the operating room raised patients' inpatient mortality by up to 0.067 percentage points (2.4% relative effect) but reduced total hospitalization costs by up to 0.59 percentage points. Among emergent patients treated by high-volume providers, where temporal distance is most plausibly exogenous, an additional day away raised mortality risk by 0.398 percentage points (11.4% relative effect) but reduced cost by up to 1.4 percentage points. This is consistent with the hypothesis that as temporal distance increases, surgeons are less likely to recognize and address life-threatening complications. Our estimates imply additional intraprocedural treatment intensity has a cost per life-year preserved of $7871-18,500, well within conventional cost-effectiveness cutoffs. Copyright © 2014 Elsevier B.V. All rights reserved.
Cordeiro, Ana Lúcia Arcanjo Oliveira; Fernandes, Josicélia Dumêt; Mauricio, Maria Deolinda Antunes Luz Lopes Dias; Silva, Rosana Maria de Oliveira; Barros, Claudia Silva Marinho Antunes de; Romano, Cátia Maria Costa
To analyze how the components of human capital are used in the nursing management of hospital organizations. This was an exploratory and qualitative study. Data collection took place between October 2014 and May 2015 using semi-structured interviews. The data were analyzed according to content analysis. Twelve nurse managers participated. The components of human capital used by the nurses in personnel management were: during the hiring process, when requiring specialized education in the field and prior professional experience; when retaining talents with promotion strategies; in building capacities of professionals through support and training; and in collective work to construct processes and outcome assessment. The components of human capital need to be managed strategically with a focus on professional skills and development, with the aim of transforming individual and collective knowledge into new technology. Analisar como os componentes do capital humano são utilizados na gestão de enfermeiras em organizações hospitalares. Estudo exploratório, com abordagem qualitativa. A coleta de dados ocorreu de outubro de 2014 a maio de 2015 com a utilização de entrevistas semiestruturadas. Os dados foram analisados segundo a análise de conteúdo. Participaram 12 gestoras de enfermagem. Os componentes do capital humano utilizados pelas enfermeiras na gestão de pessoas foram: no processo admissional ao utilizar como critérios para contratação a exigência de especialização na área e experiência profissional prévia; na manutenção de talentos com estratégias de promoção; na capacitação de profissionais com apoio e treinamento; e no trabalho coletivo para a construção dos processos e avaliação dos resultados. Os componentes do capital humano precisam ser gerenciados estrategicamente com foco nas competências e no desenvolvimento do profissional, visando transformar os conhecimentos individuais e coletivos em novas tecnologias.
Barnes, Christopher M; Jiang, Kaifeng; Lepak, David P
The strategic human capital literature indicates the importance of human capital to work unit performance. However, we argue that human capital only aids performance when it is translated into actions beneficial to the unit. We examine a set of common human capital leveraging characteristics (including the use of extended shifts, night shifts, shift flexibility, norms for work as a priority over sleep, and norms for constant connectivity) as factors that enhance the effect of human capital on human capital utilization. We also draw from the 2-process model of sleep regulation to examine how these characteristics undermine employee sleep, and thus weaken the link between human capital and work unit performance efficiency. Overall, we propose that human capital leveraging strategies initially enhance the effect of human capital on work unit performance, but over time weaken the effect of human capital on work unit performance efficiency. Thus, strategies intended to enhance the beneficial effect of human capital on work unit performance can end up doing the opposite. (c) 2016 APA, all rights reserved).
Özceylan Aubrecht, Dilek; Aubrecht, Christoph
School children and their school environment are increasingly exposed to all kinds of hazards. Many disaster events have shown the extent of disaster impacts on the education sector which this study also highlights in the Typhoon Haiyan Case. Disasters do not only cause loss of lives or damage to educational facilities, they also entail significant economic and social consequences on human capital development in the short and long-run. While the trend of short term disaster impact can easily be analyzed in rapid post disaster assessments taking destroyed assets as proxy, usually analyses of medium and long-term effects of disasters include large inherent uncertainties and are of less tangible nature, require more time and complex methods and can often not give comprehensive results. The consequences of disasters especially in developing countries are therefore to a certain extent often left unknown. Generally, economic and social effects of disasters on human capital seem to be ambiguous and to some degree these effects are related to economic, social and institutional well-being. Thus, clear understanding is crucial to interpret its complex effects on human capital accumulation. This essential nature of medium and long-term effects has not been reflected in many analyses. Focus has mostly been given on the extent of physical damage, displacements, lives and assets lost instead of targeting resilience of social and economic characteristics of communities in terms of preventing human capital accumulation disruption. Main objective of this study is to provide a conceptual framework illustrating the impacts of disasters on schooling which might help in assessing such effects, as one of the fundamental components of human capital accumulation (Ozceylan Aubrecht, 2013). The dimensions of human capital building and its relationship to disasters under the light of past disaster events are discussed with a special focus on the recent Typhoon Haiyan that struck the
Narula, Rajneesh; Marin, Anabel
spillovers accrue from MNE activity, and provide apreliminary understanding of why MNE spillovers remain somewhat ambiguous,particularly in developing countries, paying particular attention to human capitaldevelopment. Our analysis is supported by data from the Innovation Survey in Argentina.On the whole......It is nowadays generally accepted that inward foreign direct investment (FDI) is crucialas a source of technological spillovers. One of the objectives of this paper is to review theevidence on the quantity and quality of human capital employed by domestic and foreignfirms. We examine whether...
Kanas, Agnieszka; van Tubergen, Frank
This study extends the analysis of the economic returns to pre-migration human capital by examining the role of the receiving context, co-ethnic residential concentration, and post-migration investments in human capital. It uses large-scale survey data on Turkish and Moroccan immigrants in Belgium. The analysis demonstrates that regarding employment, Moroccan immigrants, that is, those originating from former French colonies receive larger returns to their origin-country education and work experience in French- vs. Dutch-speaking regions. Other than the positive interaction effect between co-ethnic residential concentration and work experience on employment, there is little evidence that co-ethnic concentration increases the returns to origin-country human capital. Speaking the host-country language facilitates economic returns to origin-country work experience. Conversely, immigrants who acquire host-country credentials and work experience receive lower returns to origin-country education and experience, suggesting that, at least among low-skilled immigrants, pre- and post-migration human capital substitute rather than complement each other. Copyright © 2014 Elsevier Inc. All rights reserved.
Babenko, A I; Bravve, Iu I; Tomchuk, A L; Babenko, E A
The article substantiates the necessity to develop public health strategy considering the processes of demographic, social, economic progression of society. The core issue in these conditions is human capital and its component--health capital as an integral reflection of different characteristics of population. The definitions of these notions in a social hygienic aspect are presented. The main stages of development of the health strategy such as formation of strategic planning elements, human capital valuation, population health and health capital losses, evaluation of potential demand in medical technologies, medical organizational measures implementation and their input into development of human capital are considered. These positions are supported as determinants of effectiveness of health strategy.
Sushil Kumar Haldar
Full Text Available This study examines the time series behavior of investment in physical capital, human capital(comprising education and health and output in a co-integration framework, taking growthof primary gross enrolment rate and a dummy for structural adjustment programme (opennesswhich has been initiated in 1991 as exogenous variables in India from 1960 to 2006. Theresults suggest that physical capital investment has no long-run nor short-run effect butthe human capital investment has significant long-run effect on per capita GNP; the stockof human capital measured by primary gross enrolment rate (lagged by three years andopenness is found to have a significant effect on growth of per capita GNP. The GeneralizedImpulse Response Function confirms that the innovation in per capita GNP growth can onlyexplain the movements of the growth of per capita GNP (itself and investment in educationhuman capital positively and significantly only for a short period of time but does not explainthe movements of the investment in physical capital and health human capital. Moreover,the innovation in change in education human capital investment significantly and positivelyexplains the movement of the changes in education human capital investment (itself, healthhuman capital investment and growth of GNP per capita; the innovation in health humancapital investment significantly explains the changes of education and health human capitalinvestment only. This study may help towards policy modeling of economic growth in India,taking into account the relevance of endogenous growth.
Biscaia, Ricardo; Teixeira, Pedro N.; Rocha, Vera
relevance of human capital for economic growth was also associated with the role of technology and its impact in enhancing the demand for more and better qualified workers. However, the capacity of societies to take advantage of those investments has been found to be more complex and uncertain than...... institutions at the regional level and we review the empirical findings on these issues in the context of Southern Europe (Greece, Italy, Portugal, and Spain). Finally we provide a brief exploratory analysis of the potential association between the education of the population and the GDP per capita...
Donaher, Kathleen; Russell, Gail; Scoble, Kathleen B; Chen, Jie
Nurse managers play a vital role in healthcare delivery systems. Psychometrically sound measures of management practices grounded in empirical practice data are needed. An integrative review provided content domain for the Human Capital Competencies Inventory (HCCI). Analyses from nurse managers in one northeastern state revealed considerable consistency in performance of activities. There is validity and reliability for the HCCI with the sample used. There is early support for the Mastery Path as a competency-based model for developing nurses for management in healthcare organizations. Development and testing of four other management practices in the Mastery Path is ongoing.
Michael A. Leeds
In response to declining budgets, many school districts in the US have reduced funding for sports. In Europe, parents may respond to difficult economic times by spending less on sports clubs for their children. Such cuts are unwise if participating in sports is an investment good as well as a consumption good and adds to students' human capital. The value of sports is hard to measure because people who already possess the skills needed to succeed in school and beyond might be more likely to p...
Full Text Available In terms of the organization, the human capital theory and human resource management raises a number of issues, namely: human capital issues (they relate to attracting, maintaining, developing and rewarding human resources in order to create and maintain a skilled, dedicated and motivated personnel; issues related to the structural capital (with reference to the size and development of organizational structures that stimulate the processes of creating, capturing and sizing of knowledge; issues of organizational capital( those related to knowledge management. Therefore, organizational context, several questions arise: What knowledge do we have? What knowledge do we need now and in the future? How can we create an environment and a culture that encourages individual and organizational learning? How can we do so that both explicit and tacit knowledge to be captured stored and used judiciously? This paper focuses on human capital theory, but there will also be raised concepts associated to the human resources and knowledge management. Therefore, in this paper we try to identify ways in which human resources (HR specialists can support the KM strategy to drive value within organisation, by revising the practices in order to ensure the knowledge focus.
Keck-Staley, Tracey Lavette
Student learning in the mathematics classroom is described as being both social and personal. Students' prior knowledge (human capital), attitudes (personal capital), and social skills and/or cultural values (sociocultural capital) are personal components they bring into the classroom. The purpose of this instrumental case study was to explore (a)…
Fisher, William P
Capital is defined mathematically as the abstract meaning brought to life in the two phases of the development of "transferable representations," which are the legal, financial, and scientific instruments we take for granted in almost every aspect of our daily routines. The first, conceptual and gestational, and the second, parturitional and maturational, phases in the creation and development of capital are contrasted. Human, social, and natural forms of capital should be brought to life with at least the same amounts of energy and efficiency as have been invested in manufactured and liquid capital, and property. A mathematical law of living capital is stated. Two examples of well-measured human capital are offered. The paper concludes with suggestions for the ways that future research might best capitalize on the mathematical definition of capital.
Hale W. Thurston
Full Text Available Decentralized stormwater management is based on the dispersal of stormwater management practices (SWMP throughout a watershed to manage stormwater runoff volume and potentially restore natural hydrologic processes. This approach to stormwater management is increasingly popular but faces constraints related to land access and citizen engagement. We tested a novel method of environmental management through citizen-based stormwater management on suburban private land. After a nominal induction of human capital through an education campaign, two successive (2007, 2008 reverse auctions engaged residents to voluntarily bid on installation of SWMPs on their property. Cumulatively, 81 rain gardens and 165 rain barrels were installed on approximately one-third of the 350 eligible residential properties in the watershed, resulting in an estimated 360 m3 increase in stormwater detention capacity. One surprising result was the abundance of zero dollar bids, indicating even a limited-effort human capital campaign was sufficient to enroll many participants. In addition, we used statistical methods to illustrate the significant role of social capital in forming clusters of adjacent properties that participated in bidding. This indicated that as participants shared their experiences, neighbors may have become more willing to trust the program and enroll. Significant agglomerations of participating properties may indicate a shift in neighborhood culture regarding stormwater management with positive implications for watershed health through the sustained induction of alternate capitals.
Rocha, Vera; Van Praag, Mirjam; B. Folta, Timothy
The founder (team)'s human capital is a vital determinant of future firm performance. This is a stylized fact. Less is known about the effect of the human capital of the initial workforce hired by the founder(s). We study the performance consequences of a founder's choice of the initial workforce......'s human capital (quantity and quality), besides the human capital of the founder(s). The analysis is based on matched employer-employee data and covers about 5,300 startups in manufacturing industries founded by individuals coming from employment between 1992 and 2007. We acknowledge that initial hiring...... decisions are endogenous and correlated with the human capital of the founders and the ownership structure of startups (single founder versus team of founders). Given the stickiness of initial choices, human capital decisions at entry turn out to be a close to irreversible matter with significant...
Israel, Salomon; Caspi, Avshalom; Belsky, Daniel W; Harrington, HonaLee; Hogan, Sean; Houts, Renate; Ramrakha, Sandhya; Sanders, Seth; Poulton, Richie; Moffitt, Terrie E
Credit scores are the most widely used instruments to assess whether or not a person is a financial risk. Credit scoring has been so successful that it has expanded beyond lending and into our everyday lives, even to inform how insurers evaluate our health. The pervasive application of credit scoring has outpaced knowledge about why credit scores are such useful indicators of individual behavior. Here we test if the same factors that lead to poor credit scores also lead to poor health. Following the Dunedin (New Zealand) Longitudinal Study cohort of 1,037 study members, we examined the association between credit scores and cardiovascular disease risk and the underlying factors that account for this association. We find that credit scores are negatively correlated with cardiovascular disease risk. Variation in household income was not sufficient to account for this association. Rather, individual differences in human capital factors—educational attainment, cognitive ability, and self-control—predicted both credit scores and cardiovascular disease risk and accounted for ∼45% of the correlation between credit scores and cardiovascular disease risk. Tracing human capital factors back to their childhood antecedents revealed that the characteristic attitudes, behaviors, and competencies children develop in their first decade of life account for a significant portion (∼22%) of the link between credit scores and cardiovascular disease risk at midlife. We discuss the implications of these findings for policy debates about data privacy, financial literacy, and early childhood interventions.
Full Text Available Education is considered a key factor for of Human Capital formation which strengthens the society through skills, knowledge and as a result of that innovations take place. The Gary Becker and Mincer developed “Human Capital Model” which was based on relationship of income with level of education and experience. The present study investigates the effect of higher education and level experience on income of teaching staff of public sector educational institutes in Islamabad-Pakistan. There were 120 respondents randomly selected. The Ordinary Least Square (OLS method was used to empirically examine the relationship among the variables. All coefficients of the variables found positively significant. The study concludes that increase in year of education and experience which ultimately increases income of the teaching staff. Therefore, the higher education plays a major role for enhancing income of teaching staffs of public sector educational institutes in Pakistan.
I Z Garafiev
Full Text Available This article analyzes the assessment of the effectiveness of investing into the innovative human capital by the students of Kazan. The effectiveness of investing into the human capital was estimated at two levels: potential and real. The results suggest an overestimation by the respondents of the potential level of investment: the students overestimate their readiness to work in their specialty, which adversely affects the formation of their criteria for evaluating the effectiveness of investing into their own human capital.
This paper investigates the framework for human capital development in Nigeria through a public-private partnership (PPP) approach. No doubt, population of a country determines the subsisted human capital resources and this in turn determines the economic status of such country. Therefore, human capital development becomes a mantra for economic development. Unfortunately, government spending on education and health is so negligible as to make any meaningful impact on Nigerian economy. It is...
Bc. Erika Smereková Strategy of Slovak Republic's Government to use higher education as an investment in human capital Abstract The Master thesis on the topic "Strategy of Slovak Republic's government to use higher education as an investment in human capital" presents results to the following research question: To what extent is it a part of strategy of Slovak Republic's educational policy to use higher education as an investment in human capital? The thesis specifically focuses on the idea o...
One consequence of the rise in inequality witnessed over the past 40 years is its potentially negative impact on intergenerational mobility if parents at the bottom of the income distribution invest significantly less in their children's human capital. I consider whether public investments in children can potentially offset the inequality of private investments. Specifically, examining changes in public spending in 25 Organization for Economic Co-operation and Development countries over the period 2000–2009, I find that increases in spending on health are most strongly associated with reductions in the importance of family background and declines in inequality in the production of child human capital as measured by the Program for International Student Assessment test scores among 15-year-olds. Public spending on family support, housing, and education are also moderately related. In contrast, increased spending on the elderly is associated with increases in the importance of parental background and inequality of child test scores. These results suggest that public investments in child human capital have the potential to offset the potentially negative impact of increasing income inequality on intergenerational mobility and inequality of the next generation. Further research firmly establishing a causal relationship is needed. PMID:25419203
One consequence of the rise in inequality witnessed over the past 40 years is its potentially negative impact on intergenerational mobility if parents at the bottom of the income distribution invest significantly less in their children's human capital. I consider whether public investments in children can potentially offset the inequality of private investments. Specifically, examining changes in public spending in 25 Organization for Economic Co-operation and Development countries over the period 2000-2009, I find that increases in spending on health are most strongly associated with reductions in the importance of family background and declines in inequality in the production of child human capital as measured by the Program for International Student Assessment test scores among 15-year-olds. Public spending on family support, housing, and education are also moderately related. In contrast, increased spending on the elderly is associated with increases in the importance of parental background and inequality of child test scores. These results suggest that public investments in child human capital have the potential to offset the potentially negative impact of increasing income inequality on intergenerational mobility and inequality of the next generation. Further research firmly establishing a causal relationship is needed.
Full Text Available The paper highlights the role of education in the growth of economic competitiveness and efficiency of human capital, in accordance with the quality of education and investments in human resources, in order to enhance labour productiveness. The paper starts by a brief analysis of Romania’s educational system, by comparison with the EU countries, analysing the number of high school students / college students per teacher, the percentage of education expenditure in the GDP, the correlation between the labour force’s training level and insertion into the labour market. The paper also presents the EU countries’ ranking related to higher education and professional training, pointing out the importance of lifelong professional training at the place of work. The paper draws conclusions regarding the importance of the labour force training, as the operation of a modern economy requires the existence of a well-trained labour force, education representing one of the fundamental pillars of any society’s development.
to enhance individual utility (such as wages ), and that migration is a form of human capital investment. Their findings claim that the income the... wages , Lansing and Morgan (1967) further compare the incomes of migrants and non-migrants. Their study finds that even when controlling for...increase their salaries . Within grade, the potential gender discrimination evidence is now diminished, with women earning only about 1.4% percent less
Full Text Available Currently, the essence and forms of interrelation between human capital and quality of life are still insufficiently studied. Therefore, there is a need for defining general components of these categories and areas, where human capital interacts with quality of life. Today, Latvia has been developing in difficult conditions: the population is decreasing, emigration is growing, possibilities of employment are limited, and the income of residents is decreasing. All these factors reduce quality of life for the population and lead to the loss of human resources in the country. The existence of a problem stemming from the relationship between quality of life and human capital establishes the relevance of the research and determines its aim. The main contradiction is between the external positioning of the state as a country successfully overcoming crisis and the growth of internal crisis in the state, leading to the further impoverishment of the population, leading to an increased emigration of the working population of Latvia. The main research question is as follows: how to preserve human resources in the state? Based on an analysis of post-crisis socio-economic processes taking place in the society, recommendations are made to improve the socio-economic policy in ways that improve the welfare of the population of Latvia.
Christiansen, Charlotte; Joensen, Juanna Schrøter; Nielsen, Helena Skyt
In this paper we analyze investments in human capital assets in a way which is standard for financial assets, but not (yet) for human capital assets. We study mean-variance plots of human capital assets. We compare the properties of human capital returns using a performance measure and by sing...... tests for mean-variance spanning. A risk-return trade-off is revealed, hich is not only related to the length of education but also to the type of education. We identify a range of educations that are efficient in terms of investment goods, and a range of educations that are inefficient, and may...
Odunayo Paul Salau; Hezekiah Olubusayo Falola; Ayodotun Stephen Ibidunni; Ebeguki Edith Igbinoba
...). [...]management of human capital in the selected universities has contributed in stimulating the skills, knowledge and aptitudes necessary to undertake required job efficiently and lessen physical risks...
Full Text Available The regularly-updated database “Human capital in Spain and its distribution by provinces” provides information about the accumulation of human capital in Spain over the last five decades. The human capital estimates included in this database contain a wide range of information on how education levels in Spain have evolved, classified according to the level of studies completed and other human capital indicators. The database includes information that has been updated until the second trimester of 2013. It can be accessed at http://www.ivie.es/en/banco/caphum/series.php.
Odden, Allan R.
"Strategic Management of Human Capital in Education" offers a comprehensive and strategic approach to address what has become labeled as "talent and human capital." Grounded in extensive research and examples of leading edge districts, this book shows how the entire human resource system in schools--from recruitment, to selection/placement,…
Olakulehin, Felix Kayode
The development of human capital has been identified as the most important component of all the factors employed in production economics. Since independence in 1960, Nigeria has placed great emphasis on training and education for human capital formation. However, the education process as the primary means of developing human resource has failed,…
CARUNTU GENU ALEXANDRU
Full Text Available Selecting the means, techniques and financing tools is the correct expression of a financial policy placement. Essentially, the financial policy consists in determining the weight that equity and borrowed capitals have and must have into the company resources, taking into account their actual cost. It is envisaged the high share of capital in total equity, which represents long term resources in company’s activity and which knows more ways to move over time. The share capital is equal to the nominal value of inscriptions or shares, respectively the value of the contribution in kind or in cash mentioned in the memorandum. Over the life of the company's existence, the share capital may increase by new contributions, by incorporation of reserves and by debt conversion of the company, respectively of the claims that creditors have on it
Full Text Available As the Cold War was winding down, a new struggle began. Following a period of diverse versions of Keynesian-led relative redistribution in developed market economies, the United States became the point actor for a radical reshuffiing of capitalism. Key to this reshuffiing was expulsion - of people, places, and traditional economies (see Sassen 2014. While this is a socio-economic condition it is a critical, but invisible, element of the current political crisis. Measuring economic growth to understand whether government policies are working, or measuring political participation in terms of voting, excludes growing portions of our political economy - people, specific types of firms and economic circuits, and spaces. The Keynesian period was one of mass production and mass construction of suburban space: this brought with it an economic logic that valued people as workers and consumers, though not necessarily as human beings. The logic guiding the current phase of advanced capitalism does not value people as workers or as (mass consumers. Thus, in the last two decades there has been a sharp growth in the numbers of people that have been "expelled" from the economy in much of the world. The active expanding of a middle class in that earlier period has been replaced by the impoverishment and shrinking of the middle class.
The management of human capital in the framework of the theory of intellectual capital, a guide to indicators; La Gestion del capital humano en el Marco de la Teoria del Capital Intelectual. Una guia de indicadores
Tejiero Alvarez, M. M.; Garcia Alvarez, M. T.; Mariz Perez, R. M.
The study of the Intellectual Capital has a great importance in the last decade. In this context, Human Capital is established as a key variable to obtain sustainable competitive advantages in enterprises management. In this paper, we make a revision about the importance of Human Capital in the companies and we propose various indicators which allow to manage this concept. The objective is that the directives can choose the most suitable indicators in function of the characteristics of their enterprises, their management objectives and their strategies. (Author) 43 refs.
Akresh, Ilana Redstone
New Immigrant Survey-Pilot data are used to address the long-standing debate over whether immigrants to the United States assimilate economically. Using panel data and an individual fixed-effect specification, I find evidence indicating rapid economic assimilation, on the order of an average increase in earnings of 12%-13% during the 12-month survey period. Results indicate partial support for Duleep and Regets' Immigrant Human Capital Investment (IHCI) model, indicating an inverse relationship between initial earnings and earnings growth and showing some evidence of the expected interaction between skill transferability and skill level when predicting human capital investment decisions. Having more years of education, English proficiency, and lower earnings at the baseline are associated with a higher probability of enrolling informal school in the United States. Overall, findings suggest substantial economic integration within the first year after establishing permanent residency.
Full Text Available The paper discusses that the main condition for the development of enterprises of hospitality industry is human capital. It shows that the continuous education of employees in this area is an important factor in the reproduction of human capital. The author believes that tourism is one of the most dynamic sectors of Georgian economy in recent decades. The objectives of this foundation are: the unique natural resources, convenient geographical location and other factors, which contribute to the attractiveness of Georgia. The paper examines the socio-economic services and tourism development prospects of the Black Sea Coast, noted that intensification of problems in this field is primarily concerned with the following: the existence of human capital, its quality and its reproduction. According to the author, problems increasingly arise in all regions of Georgia. In comparison with other countries in which the service has become the most profitable sector, Georgian hospitality industry is only now developing and the socio-economic development of the country is connected with the role of the human factor. In our opinion, in time solutions of problems in the sector will contribute to the socio-cultural development and perfection. Such an approach will make it possible to satisfy the demand for an active and full relaxation in the country.
BABA Ryota; MOTOHASHI Kazuyuki
Entrepreneurship activities are low in Japan, and it is often discussed that possible reasons are the lack of venture capital and a rigid labor market. However, it is rare to find a study that analyzes the human capital aspect of entrepreneurs based on a large scale sample survey. In this study, the characteristics of the human capital of entrepreneurs, such as education and job experience, are analyzed based on a survey of entrepreneurs conducted by the Research Institute of Economy, Trade a...
BABA Ryota; MOTOHASHI Kazuyuki
Entrepreneurship activities are low in Japan, and it is often discussed that possible reasons are the lack of venture capital and a rigid labor market. However, it is rare to find a study that analyzes the human capital aspect of entrepreneurs based on a large scale sample survey. In this study, the characteristics of the human capital of entrepreneurs, such as education and job experience, are analyzed based on a survey of entrepreneurs conducted by the Research Institute of Economy, Trade a...
In countries, there is a consensus, that parts of the level of government investment include also the need for investment in educational services, governments undoubtedly playing a central role in directing the formation and development of human capital. We need to invest in human capital, doubly so as that the investment in education is a profitable one, the rate of capitalization of the investment in education ranging from 5-30%, according to OECD statistics.
Rocha, Vera; Brymer, Rhett Andrew
) early hiring choices affect new venture performance. This gap is surprising, since hiring soon after a firm founding is especially critical to sustained success. We propose that pipeline hiring – i.e., repeated hiring from various source organizations – might be a strategy considered by startups...... of this hiring practice will beget improved firm performance. Using a sample of about 8,300 new ventures founded in Denmark, and over 150,000 employees joining these firms, we find broad support for our theory. We then explore the underlying mechanisms and boundary conditions for the positive relationship...... determine how a firm orchestrates the accumulation of one of its most critical resources – its human capital. However, research to date has not considered the effect of founding team characteristics on staffing strategies specifically, neither has prior literature advanced our knowledge on how (certain...
Rogelio Varela Llamas
Full Text Available The aim of this document is to estimate two models econometrics on the determination of the wages in Mexico for the period 2000–2009. There is in use information of the National Survey of Urban Employment and of the National Survey of Occupation and Employment of the National Institute of Statistics, Geography and Informatics (inegi. The impact is analyzed on the wage income of variables of offer of work as labor experience and human capital. In contrast, variables of demand are in use as size of company, sector of activity and other attributes of sociodemographic character. The results indicate that the wage differences by degree of education are marked, but they are also by type of establishment and economic activity.
We propose a network-based method for measuring worker skills. We illustrate the method using data from an online freelance website. Using the tools of network analysis, we divide skills into endogenous categories based on their relationship with other skills in the market. Workers who specialize in these different areas earn dramatically different wages. We then show that, in this market, network-based measures of human capital provide additional insight into wages beyond traditional measures. In particular, we show that workers with diverse skills earn higher wages than those with more specialized skills. Moreover, we can distinguish between two different types of workers benefiting from skill diversity: jacks-of-all-trades, whose skills can be applied independently on a wide range of jobs, and synergistic workers, whose skills are useful in combination and fill a hole in the labor market. On average, workers whose skills are synergistic earn more than jacks-of-all-trades. PMID:29133397
Rodrigo J. Raad
Full Text Available We develop a theoretical model for parental behavior regarding land inheritance, accounting for consumption and savings strategies. We identify two types of modeling: one with, and another without, strategic behavior. In the first model, we assume that children do not act strategically towards their parent. We find that the child with the highest return to human capital is more likely to receive a larger share of the land if the difference in offspring’s returns is large. In the second model, we allow for each child to influence parent’s optimal choice of bequest by providing services to the latter. We illustrate that the child’s strategy for service provision is sufficient to assure that the one providing more assistance will receive a larger share of the bequest in a Nash equilibrium. We conclude by illustrating our theoretical model with some empirical analysis using longitudinal data for the rural Brazilian Amazon.
Kochanowski, Yvonne J
Faced with high levels of senior civil servant retirement in the coming years and limited by civil service requirements, government organizations often struggle to maintain the knowledge base of previous processes and results while promoting people who are truly interested in being leaders in an agency. Upcoming generations of public sector workers do not share the same motivation and workplace characteristics of current exiting civil servants, further complicating smooth transitions of leadership. Government personnel systems for the most part are inflexible and slow to hire, and retention methods for workers do not encourage succession planning. Against this backdrop, a five-phased human capital management system, using some of the best practices found in both public and private sector organizations, is proposed as a solution for replacing government retirees with workers who are prepared for their leadership and management roles.
Full Text Available Over the last three decades, new economic theories explode the factors depending on space and spatial characteristics. In this process, it is developed the theories on social-cultural aspects and spatial characteristics of regions instead of traditional economic theories. These theories have been main strategy for economic development and growth. Economic development has not been considered independently from space by these theories and economic performance of a region was emphasized importance of economic actors, institutional and economic infrastructure as well as geographic features. Geography or spatial features contribute to increase not only skilled workforce, knowledge spillover and distribution but also social relations and interaction. In other words, the social-cultural and humanity factors relating with spatial and geography are major factors affecting on the development and also growing of economic activities. Especially, while industrialization as engine of regional development has been benefiting from the advantages offered by spatial features, clustering of economic activities and relationships among actors are shaped according to socio-cultural and human factors revealed spatial features. In this context, clustering of economic activities has been one of the new areas of interest in the theory of economic geography. Therefore, clustering of economic activities and human-social-spatial resources has been emphasized to play a major role in growth and development of regions by essays of the new economic geography. In that context, the aim of this paper is to determine the effects of human and social capital in the spatial agglomeration of economic activities in case of Konya-Turkey. In this study, the agglomeration tendencies for manufacturing industry in Konya, which have major potentials in terms of human and social capital and manufacturing industry potential, is analysed comparatively depending on secondary resources and using
Ahmet Gökçe Akpolat
Full Text Available This study aims to determine the long-run impact of physical and human capital on GDP by using the panel data set of 13 developed and 11 developing countries over the period 1970–2010. Gross fixed capital formation is used as physical capital indicator while education expenditures and life expectancy at birth are used as human capital indicators. Panel DOLS and FMOLS panel cointegrated regression models are exploited to detect the magnitude and sign of the cointegration relationship and compare the effect of these physical and human capital variables according to these two different country groups. As a consequence of panels DOLS and FMOLS models, the impact of physical capital and education expenditures on GDP in the developed countries is determined as higher than the impact in the developing countries. On the other hand, the impact of life expectancy at birth on GDP is determined as higher in the developing countries.
Mitra, Jay; Abubakar, Y. A.; Sagagi, M.
Purpose: Tackling structural and emergent problems in the labour market, valorising skilled human capital (HC) for opportunity creation, economic development and growth, are some of the key drivers for graduate entrepreneurship. This paper aims to examine developments in Africa, focusing on the significance of improving human capital through…
Memba, Albert Zephaniah; Feng, Zhao Zun
Many studies conducted on the Higher Education Students Loans Board (HESLB) have mostly concentrated on its success, sustainability and effectiveness on loans issuance and repayment. None had focused on its performance towards human capital investment. This study sought to explain and analyze HESLB's performance in human capital investment, which…
Batabyal, A.; Nijkamp, P.
We provide the first theoretical analysis of the effects of human capital use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region, consumers have constant relative risk-aversion preferences, there is no human capital growth, and there are
Kanas, Agnieszka; van Tubergen, Frank
This study extends the analysis of the economic returns to pre-migration human capital by examining the role of the receiving context, co-ethnic residential concentration, and post-migration investments in human capital. It uses large-scale survey data on Turkish and Moroccan immigrants in Belgium.
Gowan, Mary A.; Lepak, David
The authors examined the relationship between an individual's human capital profile--knowledge, skills, abilities, and other characteristics--and compensation before and after a job loss. The results of this study show that the types of human capital that predicted pre-job-loss salary differ from the types that predict reemployment salary. The…
Dina Maria Luţ
.... This paper presents some aspects regarding the role and importance of lifelong education and training in human capital development, as a major factor for continued and sustained growth. It also shows how the priorities on human capital are reflected in the policies of Romania's economic and social development, after EU accession.
Human Capital development through education is a long time investment made by the state to enhance the well being of her citizenry. By investing in education, well educated individuals bring to bear their talents, knowledge, skills and experiences as they function in the various sectors of the economy. Human Capital development is therefore a…
Lex van Teeffelen; Lorraine Uhlaner; Martijn Driessen
This study focuses on the transfer process and the importance of human capital and succession planning as firm resource from the seller’s perspective. It further differentiates amongst two types of human capital - specific and generic - to predict the transfer duration, obtained price and
Full Text Available In the article the role of human capital usage in innovative economy growth, the role of modern higher education in this process are analyzed together with the approaches to the educational environment forming on the basis of the human capital development.
Broersma, Lourens; Edzes, Arjen J. E.; Van Dijk, Jouke
Investments in human capital are essential themes in many policy programmes. Besides the direct private returns of education, there is evidence of positive human capital externalities at the level of regions and firms. The results in this paper show that both production and consumption externalities
The article seeks to address how industry affiliation affects the way in which social and human capital is used by technology- and knowledge-based entrepreneurs in the internationalisation process.......The article seeks to address how industry affiliation affects the way in which social and human capital is used by technology- and knowledge-based entrepreneurs in the internationalisation process....
This secondary analysis of the earning mobility of the near poor examined the impact of human capital investment on the earning mobility of the near poor between 2005 and 2009. The theory framing this study is Human Capital Theory (Shultz, 1961). Other demographic and socioeconomic variables were included in this study to further explore factors…
This study examines the role of human and social capital in the economic performance of immigrants. It improves upon previous research in several ways. First, it distinguishes between human capital acquired in the country of origin and destination. Second, it focuses not only on immigrants’ contacts
Akpinar, Taner; Gün, Servet
Human capital theory was developed to study how individual agents make rational choices or how they invest in human capital to maximize their welfare. One of the leading founders of this perspective, Becker, argues that schooling, on-the-job training, medical care, migration and searching for information about prices and incomes are different…
White, Carla; Adams, Jennifer
The 2015-2017 AACP Special Taskforce on Diversifying our Investment in Human Capital was appointed for a two-year term, therefore the interim update from the Taskforce. A full report will be provided in 2017 in the form of a white paper for academic pharmacy on diversifying our investment in human capital.
van der Merwe, Alex
A perennial debate in the economics of education is whether human capital or screening/signalling theories best explain the value of schooling and hence the private demand for, in particular, higher education. Human capital theory proposes that formal training such as that offered by higher education institutions improves the productive capacity…
Report #2004-P-00024, September 20, 2004. EPA’s headquarters and regional offices are prepared to implement strategic human capital management activities, but an alignment of office-level activities to the Agency’s Strategy for Human Capital is lacking.
Although since the 1960s human capital theory has played a major role in guiding educational policy, philosophical issues that stem from this development have rarely been discussed. In this article, I critically examine how the idea that human capital should serve as a guide to educational policy making stands in relation to the role assigned to…
Full Text Available Tujuan penelitian ini adalah untuk menganalisis pengaruh human capital terhadap pertumbuhan ekonomi regional di Provinsi Jawa Tengah tahun 2008-2012. Data yang digunakan dalam penelitian ini adalah data sekunder. Data sekunder dalam penelitian ini berupa dokumentasi data yang berasal dari BPS. Alat analisis yang digunakan adalah regresi panel dengan metode GLS model fixed effect. Hasil dari penelitian ini adalah variabel human capital yaitu rata-rata lama sekolah dan angka harapan hidup berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi regional di provinsi Jawa Tengah. Variabel tenaga kerja berpengaruh signifikan terhadap pertumbuhan ekonomi regional sedangkan rasio dana alokasi umum terhadap total penerimaan daerah tidak berpengaruh terhadap pertumbuhan ekonomi regional Provinsi Jawa Tengah. Perlu adanya peningkatan alokasi belanja daerah sektor pendidikan dan kesehatan untuk meningkatkan kualitas tenaga kerja sehingga mampu mempunyai produktivitas tinggi yang dapat mendorong pertumbuhan ekonomi. The purpose of this study was to analyze the effect of human capital for economic growth in Central Java Province in 2008-2012. The data used in this research is secondary data. Secondary data in this study is documentation of the data from the BPS. The analysis tool used is a panel regression with fixed effect model GLS method. Results from this study is the human capital variable, average length of school and life expectancy had positive and significant impact on regional economic growth in the Province of Central Java. Labor variables significantly influence regional economic growth while the ratio of general allocation fund to total regional revenue had no effect on regional economic growth of Central Java Province. A government need to increase budget allocations of education and health sector to improve the quality of the workforce so as to have high productivity can boost economic growth.
Full Text Available This study examined the relationship between human capital efficiency and firm’s performance in Malaysian technology industry. Using accounting data, this study reviewed annual reports of all technology companies listed under Main Market and Ace Market of Bursa Malaysia in year 2009. The study applied Value Added Intellectual Coefficient (VAICTM methodology developed by Ante Pulic to measure human capital efficiency. The results showed that there was not much difference in terms of human capital efficiency between the Main Market and Ace Market. Results from correlation analysis indicate that human capital efficiency has significant and positive relation with firm’s performance. Findings from this study may be useful to companies’ managers to make better decision pertaining to the proper deployment of their strategic asset, namely human capital.
Full Text Available The role of the human capital in the economy is highlighted in several studies of human capital, endonegneous growth and macroeconomic literature. A special part of this literature is dedicated to the mechanism and the various channels through wich human capital influences economic growth. As expression of the macroeconomic performance, the labour productivity depends on the accumulation of human capital in the economy. To analyze and discuss this dependency is essential for appropriate human capital policies aiming to stimulate the human capital accumulation in the economy and the enhancement of the labour productivity. The paper explores the link between labour productivity and the estimates of the human capital stock in the EU countries. Human capital theory explains the labour productivity level by the workers' level of educational attainment level. Four different effects of human capital on labour productivity can be found in economic literature: worker, allocative, difusion and research. Other researchers used a production function to estimate the productivity impact of changes in educational attainment. Research on the impact of human capital on productivity at the country level encountered many difficulties over the years. The main methodological issue is how to measure skills and human capital investment and to model possible channels of skills of influence the economic performance. The UNESCO attainment levels and enrollment series and other data sets, constructed by researchers, have been used in a large number of empirical studies of the link between education and productivity. What is innovative in the present study is the estimation of human capital stock based on educational costs by level(primary, secondary, tertiary weighted by the proportion of labour force with corresponding educational attainment and the testing of linear regression model for the dependency of labour productivity on human capital stock. The assumption of the
This article addresses educational practice as a site for the development of human capital theory. The article considers metaphysical constructions that are broadly typical of educational thought, and shows how they are amenable to economic analysis. Using different Marxist and feminist methods, it discusses pedagogy and the family as kinds of…
Vânia Cardoso da Motta
Full Text Available Este artigo analisa as alterações operadas nas abordagens de políticas públicas para os países de 'capitalismo dependente', na virada do século, conduzidas pelos principais organismos multilaterais e materializadas nas 'políticas de desenvolvimento do milênio' (PDMs. Identifica-se que neste conjunto de políticas foram introduzidas novas bases ideológicas calcadas na 'teoria do capital social' de Robert Putnam. No âmbito da educação, compreende-se que esse processo de ajuste vai deflagrar uma nova etapa de rejuvenescimento da ideologia do capital humano que alarga as atribuições da escola e restringe a dimensão política que insere a ação pedagógica. A tese apresentada é que as PDMs são mecanismos de hegemonia de função de direção intelectual e moral, com ações concretas e definições de metas focadas nas camadas de trabalhadores 'excluídos' do processo produtivo, mas que ainda possuem condições produtivas, com a finalidade de instaurar um processo mais intensivo de educar para o conformismo. Toma-se como base de análise categorias de Gramsci.This article analyzes the changes the main multilateral agencies made, in the turn of the century, to the public policy approaches in countries where there was 'dependent capitalism,' changes materialized in the 'millennium development policies' (MDP. It is noticeable that new ideological bases, underpinned by Robert Putnam's 'social capital theory,' were introduced in these policies. In the realms of education, it is thought this adjustment process will trigger a new stage of renewal of the human capital ideology, one that increases the attributions of the school and limits the political dimension that inserts pedagogic action. The thesis is that the MDPs are intellectually- and morally-driven function hegemony mechanisms, with concrete actions and goal definitions focused on the tiers of workers who are 'excluded' from the productive process but, none-theless, are still able
Mouritsen, Jan; Bukh, Per Nikolaj
Intellectual capital (IC) consists of human capital, organizational capital, and relational capital, and their relationships. It has been said to be important to explain the difference between market value and book value of a firm, but measurement of IC is more likely to be important because...
Carlos M. F-JARDON
Full Text Available Human capital is a source of competitive advantage, since it helps to build core competencies which position the company above its competitors. Core competencies are dynamic competencies of superior hierarchy, which integrate, build and reconfigure internal and external factors of business to create value. Core competencies are competitive advantages when an organization gets better performance than competitors. Human capital is source of competitive advantage but it possibly does not directly affect to performance. It needs to associate with other elements in core competencies. These associations are not well known. That is the goal of this paper: to determine how human capital affects the organizational performance through core competencies. We argue that human capital needs other intellectual capital-based elements to constitute core competencies which finally improve and yields above average performance.
Ginsburg, Carren; Beguy, Donatien; Augusto, Orvalho; Odhiambo, Frank; Soura, Abdramane; White, Michael J; Bocquier, Philippe; Afolabi, Sulaimon; Derra, Karim; Otiende, Mark; Zabre, Pascal; Collinson, Mark A
BACKGROUND Education, as a key indicator of human capital, is considered one of the major determinants of internal migration, with previous studies suggesting that human capital accumulates in urban...
Full Text Available The paper is focused on approaches to the measurement of the returns of private investments on human capital in the Czech Republic. In the last ten years, there is observed a significant increase in number ofstudents at Higher Education Institutions (HEIs and an increasing number of HEIs graduates is also expected in the Czech Republic in forthcoming years. Using data from the research project “REFLEX”, fromthe Czech Statistical Office and from EUROSTUDENT IV survey, the paper provides the methodology and the experimental computations of the rates of return on private investment in the tertiary education broken down by study fields.
Nauman, Sarwat; Hussain, Nasreen
Economic growth of Pakistan through the banking sector relies heavily on the human capital dispensed to them by the Pakistani business schools. A conceptual model of the continuous improvement cycle for building human capital is developed through a literature review, with the aim of helping to generate human capital. Six semistructured interviews…
This paper presents new estimates of the stock of human capital in the Netherlands between 1800 and 1913. The estimates of human capital are derived from data on primary, secondary and tertiary schooling. It is argued that the measure of human capital presented here is conceptually better than
Kalkbrenner, Erin Lee
Researchers have calculated the relationship between human capital development and economic output by various means of econometric modeling and by use of numerous indicators under the context of an assortment of human capital theory. This study was conducted to identify new interpretations of the expansion of human capital in the form of tertiary…
Full Text Available The potential for big data to contribute to the US intelligence mission goes beyond bulk collection, social media and counterterrorism. Applications will speak to a range of issues of major concern to intelligence agencies, from military operations to climate change to cyber security. There are challenges too: procurement lags, data stovepiping, separating signal from noise, sources and methods, a range of normative issues, and central to managing these challenges, human capital. These potential applications and challenges are discussed and a closer look at what data scientists do in the Intelligence Community (IC is offered. Effectively filling the ranks of the IC’s data science workforce will depend on the provision of well-trained data scientists from the higher education system. Program offerings at America’s top fifty universities will thus be surveyed (just a few years ago there were reportedly no degrees in data science. One Master’s program that has melded data science with intelligence is examined as well as a university big data research center focused on security and intelligence. This discussion goes a long way to clarify the prospective uses of data science in intelligence while probing perhaps the key challenge to optimal application of big data in the IC.
Anderson, Katharine A
We propose a network-based method for measuring worker skills. We illustrate the method using data from an online freelance website. Using the tools of network analysis, we divide skills into endogenous categories based on their relationship with other skills in the market. Workers who specialize in these different areas earn dramatically different wages. We then show that, in this market, network-based measures of human capital provide additional insight into wages beyond traditional measures. In particular, we show that workers with diverse skills earn higher wages than those with more specialized skills. Moreover, we can distinguish between two different types of workers benefiting from skill diversity: jacks-of-all-trades, whose skills can be applied independently on a wide range of jobs, and synergistic workers, whose skills are useful in combination and fill a hole in the labor market. On average, workers whose skills are synergistic earn more than jacks-of-all-trades. Copyright © 2017 the Author(s). Published by PNAS.
Kessels, Joseph; Poell, Rob F.
The problem and the solution. This article portrays a perspective from andragogy, individual learning, and social capital theory as a contribution to the discussion on the relationship between adult learning theory and human resource development (HRD). Andragogy and social capital theory may offer a
Data show that educated workers earn higher wages and are unemployed less often. Some researchers believe that education improves a worker's productivity (or "human capital"), making them more desirable on the job market, while others believe that it improves a worker's network (or "social capital"), giving them more…
Liming, Li; Shunguo, Zhang
Based on 2006 survey data on students from three universities in western China, this study analyzes the effect of the students' family background and academic achievements on their occupation choices. Both social capital and human capital were found to be significant factors influencing their employment decisions. The more abundant the social and…
Smith, William C.; Ikoma, Sakiko; Baker, David P.
Education and health are both capital investments in national development, often viewed as independent factors on a country's labor force supply and productivity. This study uses the 2010-2011 Third Integrated Household Survey in Malawi to propose an Education-enhanced Health Human Capital (EHHC) model where education influences labor force supply…
E. P. J. Kleynhans
The objective of this study was to investigate the role of human capital in the competitive platform of South African industries and to determine the ability of their human capital to address the challenges of modern technology and globalisation. Attention is given to the competitive strengths and investment opportunities, including the quality and availability of human resources, labour cost, level of education and skills, vocational and industry related training facility, work ethics, produ...
This paper first outlines a framework within which to assess the contribution of health and schooling to increasing individual and aggregate income, as well as the possible feedback of increasing income on the demand for human resources. It then evaluates how African countries have fared from 1970 to 1985 in terms of survival and schooling, compared with other countries, to place in perspective areas of achievement and the aggregate composition of human capital formation in the African region...
This article describes two publicly available data sources: the new generation of Penn World Table (www.ggdc.net/pwt) and the BP Statistical Review of World Energy (http://www.bp.com/statisticalreview) which can be used to examine the role of human capital in the energy-growth nexus across countries. The critical human capital measure across countries is for the first time made available in the Penn World Table 8.0 and it enables empirical researchers to conduct cross-country analysis involving human capital much easily than ever before.
Stock, Gregory N; McDermott, Christopher; McDermott, Margaret
Data are employed from a sample of New York hospitals and the Hospital Consumer Assessment Healthcare Providers and Systems database to analyze the effects of capital spending, staffing levels, and salaries on hospital performance. The most striking result is that higher average salaries are associated with lower length of stay, lower mortality rate, and higher satisfaction but are not significantly related to cost per patient. Therefore, it appears that human resource investments may be associated with better patient outcomes without significantly increasing the cost of patient care.
This paper analyses inclusive growth that focuses on the creation of opportunities for all. Inclusive growth allows people to contribute to and benefit from economic growth, while pro-poor growth approaches focusing on welfare of the poor only to reduce inequality. Recently, economics literature incorporates social capital for explaining regional disparities. Economic development of country depends on the impact of social capital which includes social culture, norms and regulations that promo...
Full Text Available This article investigates the importance of knowledge management (KM and how it is influencing social capital (SC in selected organisations that are members of Slovene technology parks. The purpose of this article is to point out statistical important characteristics between the dependant variable and several independent variables on the basis of preliminary studied empirical data based on a population of 667 organisations chosen from the subjects of the innovative environment database maintained by the Public Agency of the Republic of Slovenia for Entrepreneurship and Foreign Investments (JAPTI. On the basis of a multivariate regression analysis we wanted to present empirical findings, namely, whether communication technologies and the capability (ability of the employed to access information sources influences KM. With this article we want to present the final findings which define the development of a conceptual framework for understanding the influence of KM in small and medium sized companies on the development of social capital. We came to the conclusion that in an organisation the importance of intellectual and social capital, intangible capital assets and their continuous measurement has to be emphasised in order to increase the importance (awareness of KM.
Dar'ya G. Bykova
Full Text Available Subject / topic. The article deals with the problem of increasing the qualitytion of human capital on the basis of enhancing the role of the social institution of the family. The issues of socialization of young people and involving them in a motivated work.Purpose. The main purpose of the presentation material in this article we conclude, is to find methods to increase efficiency chelovechesky potential on the basis of family relationships.Methodology. In this paper, the methods used: abstractstion, analysis and synthesis, analogy, dialectic method of induction and deduction, observation, generalization, objectivism, compare.Conclusions / relevance. In the context of the trends of aging and reduction of the country's population, the reform of the pension system creates a number of conditions on the one hand, contribute to the solution of the demographic problem, but on the other – has a multifactorial effect on the quality of human capital as a result of parental work. The article presents the possible approaches to solving this problem. Practical application of the results of this work will allow to rethink the approach to the concept of human resources, improving the socio-economic development of theRussian Federation.
Full Text Available The purpose of this research was to observe the effect of the age of the organization department in Padang State University on performance through human capital, structural capital and relational capital. The sample is all of department in Padang State University, which is 33 departments. The data were collected through questionnaires and analyzed using partial least squares (PLS. The results showed that the age of the department is not direct and significant impact on the department performance. While the age departments significantly affect the department's human capital, structural capital and relational capital. Furthermore, the human capital, structural capital and relational capital significantly positive affect the department performance. This research failed to prove the existence of variable human capital, structural capital and relational capital as a mediating variable but serves as an intervening variable. Its means that age of department performance cannot determine performance without increasing the human capital, structural capital and relational capital.
Bao, Yue; Miao, Qi; Liu, Ying
aimed at assisting returnee entrepreneurs. Based on a survey of Chinese returnees and returnee entrepreneurship from 2011 to 2012, this paper examines how human capital and perceptions of domestic institutional quality affect entrepreneurial activity among highly skilled returnees. We find...
Ali Altiner; Yilmaz Toktas
.... New approaches to economic growth have been developed since 1980s. In this context, according to endogenous growth theory, it is stated that the most important determinant of economic growth is the human capital stock...
Liana BADEA; Angela ROGOJANU
... – "A country is rich if it has rich/educated individuals", we reason, based on the literature review, that between higher education, human capital and competitiveness there is an indestructible link...
ADINA POPOVICI (BĂRBULESCU)
The paper underlines and analyses the role of human capital, as well as some issues related to higher education and research in Romania, both in figures and from a humanistic perspective of regarding...
Todd, Hal M; Parten, Douglas S
.... This study investigated current DoD Human Capital Management (HCM) strategies for attracting, developing, retaining, and managing competencies and intellectual resources for science and engineering talent within the shipbuilding industry...
Carla White; Jeannine M Conway; Paula K Davis; Arcelia M Johnson-Fannin; Jeffrey G Jurkas; Nanci L Murphy; W Thomas Smith; Margarita Echeverri; Sharon L Youmans; Katie C Owings; Jennifer L Adamsk
The 2015-2017 American Association of Colleges of Pharmacy (AACP) Special Taskforce on Diversifying our Investment in Human Capital was appointed for a two-year term, due to the rigors and complexities of its charges...
Full Text Available This paper treats quality, human capital and competitiveness concepts in order to determine in which measure the Human Capital quality influences the competitiveness of a firm. The human capital theory is a relatively new approach, the first valuable approach being that of Garry Becker which, subsequent of the modern management theoretical views, puts human capital into scientific frame. This present paper relates deeply on this theoretical frame as it is considered that, besides financial or tangible resources that allows and generate long term benefits for an enterprise, there is also another source that consists in an intangible form: the human capital. This resource is based on education and health, indirectly generating additional benefits for the individual as for the organization and is calculated as instruction, education and health insurances costs. That implies that this capital is an asset for the worker itself and that the worker cannot be distinguished from the knowledges, capacities, his health or his values. From this perspective, the worker is actively present in any activity a firm operates: from defining and executing process, operational planning, monitoring and control, research and development, human resources, etc. The hypothesis of this present paper will be explored with the examples of Jeff Bezos ( Amazon or Steve Jobs ( Apple as human capital is considered to be the most important component for the competitive advantage of IT enterprises. The quality level of the human capital represents the main source for long term sustainability of this competitive advantage and, given the best case practices, it’s impact on firm’s effect indicators is obvious. The paper will also emphasize the role of values and health as they are also the main issues on an IT enterprise. The article is structured in two parts. One is the theoretical frame that encompass the influence of the human capital on the competitiveness of the firm. The
Full Text Available The world continues to face various critical challenges such as: human-induced climate change, the rapid depletion of natural resources, the loss of biodiversity, increased poverty, the dependency of our economic systems on continuous growth in consumerism and so forth. Sustainable economic development focuses on the development of the economic infrastructure, in which the efficient management of our natural and human resources is crucially important. This paper presents on one hand the main steps made for creating, defining and applying the principles of sustainable development and on the other hand, it tries to highlight the role of education seen here as a powerful factor in modeling our most important resource: human capital.
Full Text Available This paper examines issues related to urbanization with labour migration. The main departures from the traditional approaches to dynamics of economic structures are that the paper uses an alternative approach to consumer behaviour and introduces human capital accumulation via learning by doing. The model describes dynamic interactions among agricultural and industrial production, rural and urban amenities, distribution of production factors and preferences with endogenous capital and human capital accumulation. We show that the dynamic system may have either a single or multiple equilibrium points, depending upon returns to scale in the two sectors. We also examined effects of changes in some parameters.
AIR COMMAND AND STAFF COLLEGE AIR UNIVERSITY WHERE HAVE OUR PEOPLE GONE? SEQUESTRATION’S EFFECTS ON DOD HUMAN CAPITAL by...reduction combined with decreased funding allocated for training is having hazardous effects on the human capital of the DOD. The quantitative data...consequences that sequestration would have on the DOD and described them as dangerous to the ability of the DOD to carry out their missions.3 With the
The paper explores the effects of foreign direct investments on the human capital accumulation in the case of the Romanian economy. Using data for 1995-2010, the study shows that it is strong relation between FDI flow and the share of the tertiary educated people in the population aged 2024. This is suggesting that there is a beneficial effect of the FDI flow in the economy, stimulating the demand for a high quality human capital.
Campaign 10.2 Maximize Traditional Shipbuilding Media Outlets 10.1 Engage Non-traditional Shipbuilding Media Outlets 10.1.1 Engage Videogame Industry ...APPROACH TO ADDRESS HUMAN CAPITAL MANAGEMENT ISSUES IN THE SHIPBUILDING INDUSTRY by Hal M. Todd Douglas S. Parten September 2008...Address Human Capital Management Issues in the Shipbuilding Industry 6. AUTHOR(S) Todd, Hal M.; Parten, Douglas S. 5. FUNDING NUMBERS 7. PERFORMING
Michael S. Christian
This study updates Christian's (2010) human capital account for the United States to the year 2009, refining the underlying data and putting the account into international context by reviewing applications in the rest of the world. It also measures the sensitivity of human capital measures to alternative assumptions about income growth rates, discount rates, the treatment of taxes, smoothing and imputation of labor force and school enrollment data, and the valuation of non-market time. It con...
This study analyzes the development of human capital strategy in go-public manufactur-ing companies, examining the several effects of variables, and also the effect of interven-ing variables on the development of human capital. The population consists of 151 go-public manufacturing companies listed on the Stock Exchange. The purposive sampling method was used and 12 companies were taken in which 10 of respondents from each company consisting of managers and staff, and the data were analyzed u...
This thesis is composed by three distinct chapters. They are related by their common theme: the economic analysis of the process of human capital formation. The first chapter distills and extends the recent research on the economics of human development and social mobility. It critically analyzes the literature on the role of early life conditions in shaping multiple life skills with emphasis on the importance of critical and sensitive investments periods in influencing skill development. It develops economic models that rationalize the empirical evidence on treatment effects of social programs and on family influence. It investigates the empirical support of recent claims, made by part of the literature, on the relevance of credit constraints in limiting skill development. It shows how credit constraints are not a major force explaining differences in the amount of parental and self-investments in skills and how untargeted income transfer policies to poor families do not significantly boost child outcomes. The second chapter compares the performance of maximum likelihood and simulated methods of moments in estimating dynamic discrete choice models. It presents a structural model of education and shows how it can be used to estimate heterogeneous returns from schooling choices which account for their continuation values. Continuation values have a large impact on returns, but are ignored in the measures commonly used to assess the value of schooling choices. The estimates from the model are used to compute a synthetic dataset. This is used to assess the ability of maximum likelihood and simulated methods of moments to recover the model parameters. It finally proposes a Monte Carlo exercise to gain confidence on the performance of a simulated method of moments algorithm. The last chapter proposes a method to assess long run impacts on earnings of early interventions even in absence of long-term data collection on earnings histories for program participants. It
Full Text Available The main objective of the paper is to explore the assumption if the lack of skilled and well-educated workforces (human capital holds a potential of a binding constraint to economic growth of the Macedonian economy. Not neglecting growth econometrics’ insights for the investigation of the relationship between human capital and economic growth, the work is primarily based on a growth diagnostic approach. The empirical techniques used in this paper are: growth accounting decomposition production method; macro and micro assessment of the return rate on investment in human capital; and, comparative benchmark analysis concerns with regard to unemployment distribution according to education and age structure and companies’ perceptions about the quality of workforce. The estimated results indicate an important contribution of human capital to economic growth (its relative contribution in terms of growth rate composition is approximately 22 percent. The macro and micro assessment of the rate of return on investment in human capital shows that the rate of return to higher education is significantly superior to corresponding returns to secondary education. Finally, the international benchmark analysis helps in comparative human capital impact analysis (educational structure of labor force in the wider region. Predominantly, it is based on educational structure, unemployment distribution and the companies’ perception about the quality of the workforce.
Suhonen, Marjo; Paasivaara, Leena
To explore factors of human capital related to project success that employees expect from nurse managers. Human capital refers to those resources that managers working with projects possess, such as abilities, knowledge and qualities of character. The data were collected by open interviews (n=14) with nurses, public health nurses and nurse managers working in primary health care and a hospital. Data analysis was carried out using qualitative content analysis. The main factors of human capital related to project success proved to be as follows: (1) management of enthusiastic project culture, (2) management of regeneration and (3) management of emotional intelligence. Future research is needed on the kind of means nurse managers use in human capital management in projects and how they see their possibilities in managing human capital. Human capital management skills should be underlined as an important competence area when recruiting a nurse manager. The success of health care projects cannot be improved only through education or by training of nurse managers; in addition, projects need nurse managers who understand workplace spirituality and have high emotional intelligence. © 2011 The Authors. Journal compilation © 2011 Blackwell Publishing Ltd.
Full Text Available The concept of emotional intelligence has become so popular in the management literature that it has become imperative to understand and leverage it for the sake of enhancing the capacity of human capital in organizations. As the pace of change is increasing and world of work is making ever greater demands on a person’s cognitive, emotional and physical resources, this particular set of abilities are becoming increasingly important. Since majority of the concerns in organization involve people in different roles, emotional intelligence must become a determining factor for their effective management. It has also been found that ultimately it is the emotional and personal competencies that we need to identify and measure if we want to be able to predict performance at workplace resulting in its effectiveness, thereby enhancing the worth of the human capital. In this scenario the competencies possessed by the people will have a bearing on the extent to which they can actualize their emotional intelligence. The current paper sets out to examine the relationship between the emotional intelligence of executives in Indian business organizations with their personal competencies. The result suggests that emotional intelligence is significantly related with the personal competencies of employees and the variables of personal competency namely, people success, system success and self success have a predictive relationship with emotional intelligence.
Full Text Available Innovation is considered as an enabling tool for creating value and sustainable competitive advantage for organizations in dynamic environment of our times along with its ever-increasing complexities. Until innovation in developing countries needs more capital and talent, human capital (HC is a key factor in innovative performance. People are the most important factor of exploitation of foreign knowledge; and knowledge focus in business environment is highly dependent on external information sources in order to develop innovation and improve performance of the company. Studies have shown that although importance level of knowledge is increased, but only 30 percent of existing knowledge is being used in organizations. Expensive but evitable mistakes take place due to information blockage; and the risk of losing knowledge is exceptionally higher when people leave the organization. This study is among the field research. The population includes large manufacturing firms across Khuzestan Province having been active throughout 2013. The data collection tool was a structured questionnaire and sampling is convenience method. The research questionnaire was distributed among a sample of 331 R&D and Human resources Experts selected using simple random sampling. The collected data were analyzed using SPSS and Amos statistical programs. The results indicate that organizational memory had significant impact on ACAP and innovation. Results also showed a significant positive effect of HC on ACAP, but did not support the effect of HC on innovation.
Kanas, A.M.; Tubergen, F.A. van; Lippe, A.G. van der
Using large-scale data on immigrants in the Netherlands, the authors tested competing arguments about the role of origin- and host-country human capital and bonding and bridging social capital in immigrants' self-employment. When taking job-skill level into account, immigrants with a higher level of
Kanas, A.M.; Tubergen, F.A. van; Lippe, T. van der
Using large-scale data on immigrants in the Netherlands, the authors tested competing arguments about the role of origin- and host-country human capital and bonding and bridging social capital in immigrants’ self-employment. When taking job-skill level into account, immigrants with a higher level of
Full Text Available Purpose: The analysis of the characteristics of the industrial companies that invest in the training of their human capital in comparison to the organizations that do not train their employees. This characterization is focused especially on the innovative capacity of firms and their technological applications. It also analyzes the factors that determine the likelihood that a company invests in personnel training. Design/methodology/approach: Descriptive characterization of those companies that invest in personnel training, comparing them against those who do not invest in improving its human capital. Furthermore, factors influencing the decision that a company invest in training are analyzed through a logistic regression. Among them we included the intensity of technological usage and the innovation capacity. This research is based on data from the Survey of Business Strategies (ESEE in 2009, conducted annually. The sample is approximately 1,800 companies, being representative of the Spanish manufacturing sector. Findings and Originality/value: Companies with a higher likelihood of investing in training of their workers are those with a larger number of workers, a higher level of qualification of employees, more stable labor relations, greater participation foreign capital, and also, have a higher level of technological uses, carries more technological partnerships with other organizations and has a more intense innovative activity. Social implications: In the current situation of job destruction and lack of competitiveness of the Spanish industry in increasingly globalized markets, training of workers is seen as the main alternative to increase the productivity of the Spanish industry. This study shows that the industrial structure does not meet the basic conditions described in the scientific literature, in order the companies to train their workers with the risk of exclusion that entails. Originality/value: The study of the characteristics of
Taking Human Capital Seriously: Talented Teachers in Every Classroom, Talented Principals in Every School. Principles and Recommendations for the Strategic Management of Human Capital in Public Education
Consortium for Policy Research in Education, 2009
The Strategic Management of Human Capital in Education Project was founded in 2008 with one goal: to improve student achievement dramatically in the 100 largest urban school districts. Unless teaching quality and principal leadership improve significantly, lasting education improvement is impossible. In policy terms, without "strategic management"…
Full Text Available Purpose and problem: Human capital represents an investment in education and skills. However, in the Democratic Republic of Congo (DRC the ability of small-scale retailers to grow and increase firm performance is restricted by the scarcity of education and prior work experience.Methodology: Survey data were collected from 126 owner-managers in the retail industry in Kinshasa, DRC, in order to investigate the proposed relationship between the human capital components of education, work experience and venture performance.Findings: Several variables pertaining to education and prior work experience were related to different aspects of venture performance, allowing for support of the hypotheses. Nonetheless, when clustering was conducted some surprising results were observed in that owner-managers tended to have little work experience even where their venture was performing well.Implications: Research into human capital and links to performance in Africa and emerging markets is valuable as recent research has found that the matching of entrepreneurial human capital with opportunities for growth is the essence of economic development.
Davies, Peter; Qiu, Tian; Davies, Neil M.
This study examines ways in which economic and sociological explanations of higher education (HE) choices may intersect through student's use of information. We find substantial positive associations between intention to go to university in England and each of: (i) parents' education; (ii) cultural capital; and (iii) expectations of the size of…
Full Text Available This study analyzes the development of human capital strategy in go-public manufactur-ing companies, examining the several effects of variables, and also the effect of interven-ing variables on the development of human capital. The population consists of 151 go-public manufacturing companies listed on the Stock Exchange. The purposive sampling method was used and 12 companies were taken in which 10 of respondents from each company consisting of managers and staff, and the data were analyzed using Structural Equation Modeling (SEM. It shows that the first, the external environment has positive and significant effect on the planning and management of human resources, education and training, and the development of human capital, but has no significant effect on improving employees, employee performance and recognition, and employee satisfaction. Second, the internal environment has a positive and significant impact on the planning and management of human resources, employee improvement, education and training, employee performance and recognition, employee satisfaction, and the development of human capital. Third, planning and human resource management, employee improve-ment, education and training, employee performance and recognition, and employee satisfaction have a significant and positive effect on the development of human capital.
Full Text Available Competencies of employees and competence management are elements fairly well described in the literature. A modern approach to these issues, however, must have a broader than traditional character. This follows the significant changes that took place in management sciences expressed by an increased role of intangible assets. Intellectual capital, its components, connections with enterprise resources and elements of the environment are an important aspects of the strategic considerations undertaken by management staff in modern enterprises. Competences - which are specific expression of the potential of employees, their ability to detect changes and finding solutions - in this new context become even more important. This study attempts to analyze the selected relationships between the competency management system, intellectual capital and the attitude to IC of management staff.
Full Text Available Even in industrialised emerging economies, the value-generating competencies of a workforce, known as its human capital efficiency, are a key resource for commercial success. The objective of this research is to empirically investigate the relationship between human capital efficiency (as measured by value-added human capital and the financial and market performance of companies listed on the Main Board and Alternative Exchange (ALT-X of the Johannesburg Stock Exchange. Return on assets, revenue growth and headline earnings per share were used as financial performance indicators; while market-to-book ratio and total share return were used to measure market performance. Multivariate regressions were performed, with panel data covering 390 companies in the financial, basic materials, consumer services, consumer goods, industrial and technology industries from 2001 to 2011. First, human capital efficiency was found to have no effect on the market performance of listed companies in South Africa. Secondly, higher human capital efficiency was found to result in the extraction of greater returns from both tangible and intangible assets in all industries. Thirdly, higher profitability was found to be associated with higher human capital efficiency in almost every industry in South Africa, with the exception of the technology industry, where human capital efficiency was found to be independent of headline earnings per share. Finally, higher revenue growth was found to be positively associated with human capital efficiency in those industries which are not consumer-driven. In the consumer-driven industries, human capital efficiency contributes to bottom line profitability even though it is not a driver for revenue growth. Overall, the results of this study confirm that human capital efficiency enhances a company’s financial performance, whether it be through a greater capacity for production and service delivery, tighter cost controls or better use of
Faris Nasif ALSHUBIRI
Full Text Available The revolution of globalization, computerization and information technology has entered to Jordanian market. This phenomenon requires company's attention of human element and the acquired knowledge, experience and the development of the so-called concept of intellectual capital.(IC In this study I used only the human capital as a part of IC. This study aims to exploring the relationship between human capital investment (HCI, and corporate financial performance. This study used an 11 industrial sectors listed of Amman Stock Exchange from 2005to 2011. Correlation analysis tests used in this study and the results indicate the high positive significant relationship between HCI and corporate financial performance related to, ROE , PTBV , log of sales , log of assets , DPS and ICR but no significant relationship between HCI and WCTO. The researcher recommends industrial companies to strengthen and stimulate the concept of human capital in the companies and the need for develop administrative innovation program. For future analysis may be used more sectors listed in market in addition used the all parts of intellectual capital related to structural and physical capital with corporate financial performance.
Martina Dwi Puji Astri Ongkorahardjo
Full Text Available Human capital is of the intellectual capital components owned by a company. This study evaluates if individual capability and organizational climate affect business performance partially and simultaneously. We use public accounting firms as our subjects.. Our study shows that individual capability and organizational climate respectively influence performance in public accounting firms. Additionally, these two factors simultaneously affect performance. Overall individual capability shows stronger relationship to performance compared to organizational climate. Abstract in Bahasa Indonesia: Human capital sebagai salah satu komponen utama dari intellectual capital (intangible asset yang dimiliki oleh perusahaan. Penelitian ini menggunakan obyek kantor akuntan publik Penelitian ini berusaha menguji apakah individual capability dan the organizational climate yang merupakan komponen dari human capital memiliki pengaruh yang signifikan terhadap kinerja perusahaan kantor akuntan publik baik secara individual (parsial maupun secara simultan. Hasil penelitian menunjukkan bahwa pertama, individual capability berpengaruh signifikan terhadap kinerja kantor akuntan publik. Kedua, the organizational climate berpengaruh signifikan terhadap kinerja kantor akuntan publik. Ketiga, individual capability dan the organizational climate berpengaruh signifikan secara bersama-sama terhadap kinerja kantor akuntan publik. Pengujian juga membuktikan bahwa individual capability adalah variabel yang mempunyai pengaruh paling besar terhadap kinerja kantor akuntan publik. Kata kunci: Human capital, individual capability, the organizational climate.
Full Text Available Today, workforce diversity is not only a legal requirement for organizations, but it is also a must to survive in a highly competitive business environment. The prime motive for this study is to investigate the relationship between workforce diversity and perception of discrimination. The basic hypothesis of the study is that as the workforce diversity increases, the perception of discrimination decreases. In order to test the hypothesis, a survey is carried out international hotel chains in Istanbul. There are 19 international hotel chains in Turkey. In this study research is designed to understand human capital heterogeneity pattern of international chains of hotel industry and how this contribute organizational culture strategically that help to manage organizational performance much more efficiently with cross sectional data. Globalization of markets, changing demographics in the labor market, new business strategies requiring team work and the shift from a manufacturing to a service economy are the prime reasons for human capital heterogeneity (HCH. HCH improves the organizational capabilities in terms of flexibility, creativity, problem solving and competitive advantage. Especially in the service sector, in order to gain competitive advantage, organizations need a diverse workforce for both understanding the diverse needs of customers and answering to these needs in a prompt and proper way.
Full Text Available Following the propositions of firm internationalization theories including the Melit’z dynamic model of export participation, this paper investigates the effects of human capital on the export decisions of Kosovo’s firms. Using a unique dataset of around 500 Small and Medium Enterprises, econometric estimates show mixed indications regarding the relationship between the propensity to export and longevity in export markets and human capital variables, measured by the education of the workforce, and investment in training. While education generally has a negative effect on exporting decisions, the latter shows a consistent positive effect. In the context of Kosovo, this dichotomy may reflect in part the effect of the underperforming education system in Kosovo, which does not produce the right level and/or mix of skills required by the private sector; this, in turn, forces SMEs to invest in increasing workforce capacities. Another explanation may indicate the lack of demand for a better skilled workforce, either because of associated high costs, or because a significant number of firms in Kosovo operate in low-value activities that do not require advanced skills and knowledge. Other factors that affect the decisions of firms to enter and serve export markets are found to be firm size, experience, growth, and adoption of quality standards.
Meijerink, Jeroen Gerard; Bondarouk, Tatiana
Although traditionally applied independently, this study combines two theoretical perspectives – the intellectual capital theory and the consumer perspective – to uncover value-creating configurations of human resource management (HRM) service providers' and workers' knowledge resources. We examined
Frank, Richard G.; Meara, Ellen
Recent models of human capital formation represent a synthesis of the human capital approach and a life cycle view of human development that is grounded in neuroscience (Heckman 2007). This model of human development, the stability of the home and parental mental health can have notable impacts on skill development in children that may affect the…
Full Text Available This paper is intended to clarify the European Commission’s Education and Training (ET 2020 strategy, focusing primarily on the dimension of educational attainment. According to the ET 2020, the percentage of the population aged between 30 and 34 who have completed their tertiary education, should be at least 40% by 2020. Meanwhile, also forecasts a reduction in the early school leaver rate to less than 10%. The purposes of this study are to explore the present educational attainment performance in various OECD countries and to analyse the determinants of productivity growth regarding these educational targets. We found that in long run, an increase in the level of human capital resulted in a greater increase in productivity in those countries where the tertiary education and early school leaver ratios targets are achieved. Our conclusions highlight that educational reforms are needed to rethink the establishment of knowledge societies.
O M Stepanova
Full Text Available Recognition of man's supreme role in social production is an undoubted accomplishment of the human capital theoreticians. This theory became wide spread in the West and won a great number of supporters in our country due to the fact that the conception focuses on the basic factor of social-economic development - the human factor, in its new quality. The interpretation of the human capital in terms of reproduction makes it possible to identify its fundamental nature, as well as the contradictions arising in the course of the formation, functioning and development of the human capital on its different levels of objective reality: family, corporate and national levels and on the level of the world economy as a whole.
E. P. J. Kleynhans
Full Text Available The objective of this study was to investigate the role of human capital in the competitive platform of South African industries and to determine the ability of their human capital to address the challenges of modern technology and globalisation. Attention is given to the competitive strengths and investment opportunities, including the quality and availability of human resources, labour cost, level of education and skills, vocational and industry related training facility, work ethics, productivity, workplace regulations, as well as efficiency of the civil service; including productivity and competitiveness indexes. The study found that the level of human capital in South African industries is much higher than the general perception and not the worst element of South Africa’s competitive platform. The findings also indicated challenges, like absentees due to AIDS and other factors, a shortage of artisans and proficiency towards modern technology and innovation, which limits competitiveness.
Guo, Wenchen; Xiao, Hongjun; Yang, Xi
Human capital plays an important part in employability of knowledge workers, also it is the important intangible assets of company. This paper explores the correlation between human capital and career success of knowledge workers. Based on literature retrieval, we identified measuring tool of career success and modified further; measuring human capital with self-developed scale of high reliability and validity. After exploratory factor analysis, we suggest that human capital contents four dimensions, including education, work experience, learning ability and training; career success contents three dimensions, including perceived internal competitiveness of organization, perceived external competitiveness of organization and career satisfaction. The result of empirical analysis indicates that there is a positive correlation between human capital and career success, and human capital is an excellent predictor of career success beyond demographics variables.
Full Text Available Employees play a relevant role in firm competitiveness due to their personal competencies and the human capital they constitute for the organisation. The objective of this paper is to assess whether different strategic contexts condition the emergence of different employees competencies. Moreover, accordingly with the strategy chosen, we analyse to what extent these competencies explain the differences in terms of value and uniqueness of the human capital. A set of proposed hypotheses is tested by means of structural equation models considering a sample of manufacturing firms. Results support the finding that prospectors favour proactive and customer-oriented competencies, while defenders foment competencies much more results-oriented. We also observe that the competency of customer orientation explains the value of human capital in prospectors, whilst this human capital dimension is explained by means of results oriented competencies in defender firms. Finally, regarding the uniqueness of human capital, it is explained by proactive competencies in prospectors but we do not find any significant result for defenders.
Tanasugarn, Chanuantong; Thongbunjob, Krid
Community diagnosis and approach has shifted from a professional focus to a community focus. The information system has also been developed to reflect socio-cultural information. This new system has been established throughout the country and is being recorded in the computer system. However these data still lack human capital information to promote community mobilization. The present study aims to develop a process which reflects human capital from the insider and outsider points of view and which builds on the existing work system of primary care service, family medicine, and community medicine. The present study applies the participatory action research design with mixed methods including community grand-tour, household survey socio-metric questionnaire and focus group discussion in order to gather insider view of human capital. A key instrument developed in the present study is the socio-metric questionnaire which was designed according to the community grand tour and household survey results. The findings indicate that the process is feasible and the insider point of view given a longer evidence based list of the human capital. The model enhanced a closer relationship between professional and community people and suggested the realistic community mobilizer name list. Human capital identification process is feasible and should be recommended to integrate in the existing work process of the health staff in family and community practice.
Yu, Hsing-Yi; Tang, Fu-In; Chen, I-Ju; Yin, Teresa J C; Chen, Chu-Chieh; Yu, Shu
To investigate inactive nurses' human capital, intention to return to hospital nursing and incentives for returning. Few studies have discussed the loss of human capital with regard to inactive nurses and how to attract them to return to clinical work. Systematic random sampling was used, with 328 subjects completing the mailed questionnaires, resulting in a response rate of 25.4%. Inactive nurses not only had moderate to high human capital (average years of nursing experience was 10.29, with moderate to high levels of nursing professional commitment and nursing competence) and were young. Forty-three percent of subjects reported intending to return to hospital nursing. Sufficient nurse staffing, greater safety in the working environment, and re-entry preparation programmes were incentives for returning. Recruiting inactive nurses back to hospital work is vital and feasible as inactive nurses had a moderate to high degree of human capital. The most feasible way is offering reasonable working conditions, in particular, providing sufficient staffing, a safe working environment and re-entry preparation programmes. The findings confirm the human capital of inactive nurses and provide concrete directions for nursing managers to follow when recruiting inactive nurses to hospital nursing. © 2015 John Wiley & Sons Ltd.
Behan, James W; Kim, Steve S; Dorey, Frederick; De Filippo, Roger E; Chang, Andy Y; Hardy, Brian E; Koh, Chester J
Robotic assisted laparoscopic pyeloplasty is an emerging, minimally invasive alternative to open pyeloplasty in children for ureteropelvic junction obstruction. The procedure is associated with smaller incisions and shorter hospital stays. To our knowledge previous outcome analyses have not included human capital calculations, especially regarding loss of parental workdays. We compared perioperative factors in patients who underwent robotic assisted laparoscopic and open pyeloplasty at a single institution, especially in regard to human capital changes, in an institutional cost analysis. A total of 44 patients 2 years old or older from a single institution underwent robotic assisted (37) or open (7) pyeloplasty from 2008 to 2010. We retrospectively reviewed the charts to collect demographic and perioperative data. The human capital approach was used to calculate parental productivity losses. Patients who underwent robotic assisted laparoscopic pyeloplasty had a significantly shorter average hospital length of stay (1.6 vs 2.8 days, p human capital gains, eg decreased lost parental wages, and lower hospitalization expenses. Future comparative outcome analyses in children should include financial factors such as human capital loss, which can be especially important for families with young children. Copyright © 2011 American Urological Association Education and Research, Inc. Published by Elsevier Inc. All rights reserved.
Full Text Available Orientation: Currently no integrative model exists that can explain the phenomena contributing to agent performance in the South African contact centre industry.Research purpose: The primary focus of this article was to develop a theoretically derived human capital predictive model for agent performance in contact centres and Business Process Outsourcing (BPO based on a review of current empirical research literature.Motivation for the study: The study was motivated by the need for a human capital predictive model that can predict agent and overall business performance.Research design: A nonempirical (theoretical research paradigm was adopted for this study and more specifically a theory or model-building approach was followed. A systematic review of published empirical research articles (for the period 2000–2009 in scholarly search portals was performed.Main findings: Eight building blocks of the human capital predictive model for agent performance in contact centres were identified. Forty-two of the human capital contact centre related articles are detailed in this study. Key empirical findings suggest that person– environment fit, job demands-resources, human resources management practices, engagement, agent well-being, agent competence; turnover intention; and agent performance are related to contact centre performance.Practical/managerial implications: The human capital predictive model serves as an operational management model that has performance implications for agents and ultimately influences the contact centre’s overall business performance.Contribution/value-add: This research can contribute to the fields of human resource management (HRM, human capital and performance management within the contact centre and BPO environment.
Shruti Agrawal; Martha C. Monroe
Communities with more social capital are better able to work together to cope with problems such as a wildfire threat. This study found a positive relationship between perceiving greater social capital and participating in wildfire preparedness educational programs. Results suggest that managers can take advantage of existing social capital in communities to improve...
Arabsheibani, G. Reza; Galrão Carneiro, Francisco; Henley, Andrew
The authors undertake an empirical examination of rates of return to human capital for men in Brazil, through the period of macroeconomic stabilization and trade liberalization, using data from the 1988, 1992, and 1998 Brazilian household surveys (Pesquisa Nacional por Amostra de Domic�os, PNAD). The authors estimate simultaneous quantile equations to gain an insight on the impact of human...
ADINA POPOVICI (BĂRBULESCU
Full Text Available The paper underlines and analyses the role of human capital, as well as some issues related to higher education and research in Romania, both in figures and from a humanistic perspective of regarding them as fundamental investments in the future of nations, preservers of the supreme values of the humanity.
Adedeji, A. O.; Adepoju, O. O.
The greatness of nations appears to be based on the level of their human capital development as the world continues its march in the knowledge economy. It has become imperative for Nigeria to remain competitive in the comity of nations in the production, transfer and utilisation of knowledge. The realisation of the importance of human capital…
Martín Ramírez Urquidi
Full Text Available This work aims at understanding the structure of human capital and learning in low value added microenterprises of Baja California and to determine the role of such factors in microenterprise performance, in order to establish a diagnosis on their contribution and get some public policy implications for the sector. The results confirm the importance of human capital on the performance of these businesses, since there is a relationship between human capital and performance as measured in different ways. The results also account for the heterogeneity in the distribution of microenterprise human capital among locations, sectors, types of business and sex.
Jonas, Adam B.; Young, April M.; Oser, Carrie B.; Leukefeld, Carl G.; Havens, Jennifer R.
Studies have shown that position within networks of social relations can have direct implications on the health behaviors of individuals. The present study examines connections between drug use and individual social capital within social networks of drug users (n=503) from rural Appalachian Kentucky, U.S.A. Respondent driven sampling was used to recruit individuals age 18 and older who had used one of the following drugs to get high: cocaine, crack, heroin, methamphetamine, or prescription opioids. Substance use was measured via self-report and social network analysis of participants’ drug use network was used to compute effective size, a measure of social capital. Drug network ties were based on sociometric data on recent (past 6 month) drug co-usage. Multivariate multi-level ordinal regression was used to model the independent effect of sociodemographic and drug use characteristics on social capital. Adjusting for gender, income, and education, daily OxyContin® use was found to be significantly associated with greater social capital, and daily marijuana use was associated with less social capital. These results suggest that in regions with marked economic disparities such as rural Appalachia, OxyContin® may serve as a form of currency that is associated with increased social capital among drug users. Interventions focusing on increasing alternate pathways to acquiring social capital may be one way in which to alleviate the burden of drug use in this high-risk population. PMID:22465379
Full Text Available The research aims to analyse the role played by the human capital investment in shaping international migration trends and influencing socio-economic development for the EU New Member States during the last decade. Our analysis is based on developing double-log macro-econometric models that combine cross-sections and time series in a panel structure, by using a set of indicators specific for the migration process, as well as for the economic activity and education, as main explanatory variables. Furthermore, the study focuses on a comparative approach for New Member States, our random and fixed effects models using several quantitative and qualitative proxies in order to highlight the relationship and interdependence between emigration, human capital investment and socio-economic development.
Full Text Available Based on human capital theory, initiated by some representatives of the new school in Chicago in the second half of the twentieth century (Th. W. Schultz, G. Becker and G. Stigler, we see that there is a theoretical vein-slogan: "Man is the most precious wealth of a country," and if we corroborate this slogan with an adaptation of what Adam Smith stated in the eighteenth century – "A country is rich if it has rich/educated individuals", we reason, based on the literature review, that between higher education, human capital and competitiveness there is an indestructible link, influencing, in its turn, the economic growth and development. This paper aims to highlight the main elements describing the link existing between higher education, human capital and competitiveness, bringing to the fore the Romanian reality.
Mohammad Javad Razmi
Full Text Available The present study aims to investigate the effect of social capital on human development in Iran. For this purpose, Iran society in the period 1984 to 2009 by using time series data and Autoregressive Distributed Lags (ARDL technique has been studied. Due to the quality of social capital variable two variables i.e. the number of judicial cases related to nonsufficient fund checks and embezzlement, bribery and forgery, and elections' participation rate have been used to measure the effect of social capital. The results suggest that there is a negative and significant effect of judicial cases on human development index (HDI level and elections' participation index statistically has not significant effect on Iran's human development index.
McAlpine, Bradley [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)
This paper provides an overview of the current human and intellectual capital at Los Alamos National Laboratory, through specific research into the statistics and demographics as well as numerous personal interviews at all levels of personnel. Based on this information, a series of recommendations are provided to assist Los Alamos National Laboratory in ensuring the future of the human and intellectual capital for the nuclear deterrence mission. While the current human and intellectual capital is strong it stands on the precipice and action must be taken to ensure Los Alamos National Laboratory maintains leadership in developing and sustaining national nuclear capabilities. These recommendations may be applicable to other areas of the nuclear enterprise, including the Air Force, after further research and study.
Tarkhov, P V; Matsenko, A M; Krugliak, A P; Derkach, Zh V
To reach normal competitiveness in world division of labour, investment projects should stimulate development of human capital towards advance of modern technologies and organizational development of all types of labour. At present time there are only separate calculations of certain types of people's health damage and completely disparate matters of damage compensation exceptionally for chemical contamination effects. The purpose of the paper is development of algorithms to provide hygienic welfare of human capital in investment projects. For this purpose in investments assessment and hygienic examination it is necessary to apply complete and comprehensive (systematic) evaluation of all factors that influence human capital welfare and practical hygienic and research institutions should be focused on systematic elimination of possible dangers and risks of investment projects.
Full Text Available The increasing complexity of processes and operational functions cause arises the need for an integrated information system across all functional areas to reach the highest point of effectiveness and efficiency, and relying on the information in making decisions, ie ERP (Enterprise Resource Planning. The objective of writing this journal is to analyze and determine a SAP system development strategy planning at Human Capital and Legal of Education Institution XYZ. In collecting data, the author collected the datas by making an interview with the sources, data observation, and SAP system exploration. Current architecture datas that were collected and anylized to design the planning strategy in developing system architecture. The conclusion of this journal writing is that planning with some methodologies could maximize the using of IS or IT in an organization and can achieve its goals.
Kehinde Oladele Joseph
Full Text Available Global economies around the world have experienced the most traumatic moments in the last one-decade. The crisis has been described by scholars, as perhaps been the worst financial crisis since the great economic depression of the 1930s. This paper lucidly examines the effects of global economic recession on the development of human capital with reference to Nigeria nation. The objectives of the paper among others are (i To establish the level of the impact of global economic recession on development of skills of human capital in Nigeria (ii To examine if there is any significant relationship between global economic recession and the motivation of human capital development in Nigeria among others. The paper uses survey method with two research hypotheses. Questionnaires were administered among academic staff of two Nigerian universities in the southwest part of Nigeria. Findings showed that the global economic recession has great impact on the development of skills of human capital in Nigeria. Findings also revealed that there exists a positive relationship between global economic recession and training and development of human capital in Nigeria. The paper offers useful policy recommendations, which include the need for government and appropriate agencies to put in place policies such as enabling environment that will lead to the growth and development of human capital in Nigeria. Government needs to put forward policies that minimize cost at all levels, maximize efficiency of output, training and retraining of goods hands; and that there is need to encourage better motivation of workers at every sector of the economy amongst others.
Full Text Available Background: International research has shown that workers have a rather low level of financial literacy. Financial literacy is associated with lifetime planning and saving for retirement. This article focuses on the role of financial literacy in the demand for human capital and on-the-job training among older workers in Japan. Workers with higher levels of financial literacy are more likely to demand human capital, plan to enter training programs, and desire to work after retirement. Objective: Does financial literacy affect the demand for additional human capital among older Japanese workers? How does the level of financial literacy affect the age of retirement and plans for working after retirement from a career job in Japan? Methods: This paper analyzes data from a national survey of Japanese employees. We estimate the effect of financial literacy on the demand for additional human capital to remain competitive for promotions and for finding employment after retirement. Results: Higher levels of financial literacy are associated with greater demand for additional human capital and for participation in on-the-job training programs among older workers in Japan. Conclusions: Given the rapid aging of the Japanese population and the decline in the total population, providing employment opportunities for older workers (ages 60 and older is a key to sustaining economic growth and per capita income. The analysis indicates that greater levels of financial literacy are associated with a desire for more training and human capital. Thus, enhancing the level of financial literacy among older workers may be a key to maintaining economic wellbeing.
Full Text Available Within the framework of bureaucratic and human capital theories, an eclectic approach, the study examines the nexus between academic staff recruitment in Nigerian tertiary institutions and human capital development as well as service delivery with specific reference to universities. It is generally agreed that higher education is a sine-qua-non for human capital development and efficient service delivery. Higher education is a prerequisite for the production of highly competent experts, which in turn, contributes to the development of organizations and the economy at large. For these to be achieved, the right content and academic staff must be in place to perform this varied function. However, over the years the quality of human capital coming out of Nigerian universities and its impact on service delivery has become a source of concern to employers of labour and all stakeholders. Inferential opinions have traced the problem to the recruitment of incompetent academic staff. To investigate the issues raised, the study relied heavily on primary and secondary data and multi stage sampling was used to select the sample population. The data collected was presented in pie chart and simple percentage. Similarly, in order to test the hypotheses and establish the degree of dependence or independence of the variables under investigation, the chi-square statistical technique was used. The findings of the study revealed among others, that Nigerian universities do not employ merit, qualification and competency in the academic staff recruitment. It also established that there is a significant relationship between merit, qualification and competency based academic staff recruitment and human capital development and service delivery. To enhance human capital development and service delivery in Nigerian universities, the study recommends among others, that an independent body like the National University Commission (NUC should be given the responsibility of
Full Text Available This research starting from the professionalism accountants as human capital at accountant firm as a service company. This research is intended to study the effect of human capital on auditor performance at KAP in Bandung to propose the hypothesis that human capital has positive influence on auditors performance, either partially or simultaneously. Some dimensions of the sub-variables that make up the human capital that will be studied is represented by the factors individual capability, individual motivation, leadership, the organizational climate, and workgroup effectiveness. The auditor’s performance is measured by three factors that make up the performance: (1 individual factor, (2 psychology factor, and (3 organization factor. The research was conducted at the accounting firm located in Bandung. Of the number of samples taken at random population consisting of senior accountants and junior accountants as respondents. Technique of data collecting used questionnaire. In accordance with the measurement scale, the data has been collected tested the validity of the formula Spearman Rank correlation and reliability with Cronbach alpha. The data has been tested and found valid and reliable then analyzed by correlation and regression analysis. Based on the results of correlation and regression analysis to test hypotheses derived research findings that human capital simultaneously has a fairly close relationship with performance. While the multiple regression analysis known that each dimension contributes to the performance of the auditor's diverse and significant at p = 0.05, so the significance of test results, either partially or simultaneously can be concluded to accept the research hypothesis, namely human capital has positive influence on the performance of auditors.
This paper analyses the extent to which gender differences in human capital contribute to explaining the observable wage differential in favour of men and its reduction since the mid-eighties among West German full-time employees in the private sector. Based on a simple analytical framework, the analysis shows that if a large part of the gender wage gap can be attributed to women?s relative deficit with respect to human capital endowment, an equally large part stems from the fact that female ...
P Eko Prasetyo
Full Text Available In the process of developing economy in a whole and continuously, the macro economy stability of acountry is an essential prerequisite for producing a quality economic growth. For achieving the qualityeconomic growth, there should be a continuous capital human investment and the use of continuousscience and technology (IPTEK. The process of developing economy will be able to transform thesociety condition from vicious circle to virtuous circle condition if the growth of economy is qualified..Keywords: Quality of growth; human capital, technology and virtuous circle.
Full Text Available The paper Empirical reflections on migration phenomenon. Major effects of migration on the human capital analyzes the migration flows of the workforce (as part of the human capital globally/regionally, especially the highly qualified workforce migration. The qualified manpower processes of attracting on the work market have not been always well understood and, in some cases, have generated a series of difficulties. This is the reason why we will focus on the „waste of brains” phenomenon, which appears when highly qualified individuals are neither employed in the source-country nor in the target country; and, if they are, their job is below their qualifications.
Cinnirella, Francesco; Streb, Jochen
nineteenth-century with county-level data on literacy, craftsmanship, secondary schooling, and income tax revenues to explore the complex relationship between various types of human capital, innovation, and income. We find that the Second Industrial Revolution can be seen as a transition period when it comes...... to the role of human capital. As in the preceding First Industrial Revolution, “useful knowledge” embodied in master craftsmen was related to innovation, especially of independent inventors. As in the subsequent twentieth century, the quality of basic education was associated with both workers’ productivity...
Full Text Available This study is intended to establish relationships among a borrower's attributes, the likelihood of loan approval, and the effect of lender's human capital in the SME loan-granting process. A conjoint analysis has been used as the main analytical tool. The results showed that: (1 a borrower's attributes are all positively related to the likelihood of loan approval on different levels, (2 officers place different weights on a borrower's attributes, and (3 human capital factors do not have significant roles in the SME loan-granting process.
Cawein, Andrea; Emini, Emilio; Watson, Michael; Dailey, Joanna; Donnelly, John; Tresnan, Dina; Evans, Tom; Plotkin, Stanley; Gruber, William
Despite the success of vaccines in reducing the morbidity and mortality associated with infectious diseases, many infectious diseases, both newly emerging and well known, lack vaccines. The global capability for beginning-to-end vaccine development has become limited, primarily owing to a scarcity of human capital necessary to guide the development of novel vaccines from the laboratory to the marketplace. Here, we identify and discuss the gaps in human capital necessary for robust vaccine development and make recommendations to begin to address these deficiencies. © 2017 New York Academy of Sciences.
Korpi, Martin; Clark, William A W
By modelling the distribution of percentage income gains for movers in Sweden, using multinomial logistic regression, this paper shows that those receiving large pecuniary returns from migration are primarily those moving to the larger metropolitan areas and those with higher education, and that there is much more variability in income gains than what is often assumed in models of average gains to migration. This suggests that human capital models of internal migration often overemphasize the job and income motive for moving, and fail to explore where and when human capital motivated migration occurs.
Bråd Nielsen, Lars
knowledge and skills, thus requiring continuous updating of employee competences. This paper develops a two-period agency model to show how the threat of layoff (outsourcing of job tasks to a third party supplier) can help a company trigger or ease employee investments in .firm-speci.c human capital......Investments in fi.rm-speci.c human capital have come to play a central role in the value creation for most companies and organisations as job tasks have become ever more complex and demanding to carry out. Today successful performance of essential job tasks often necessitates highly specialised...
Christiansen, Charlotte; Nielsen, Helena Skyt
on type and level of education enables us to focus on the shared features between human capital and stock investments. An innovative finance-labor approach is applied to study the educational asset market. A risk-return trade-off is revealed which is not directly related to the length of education.......Like the stock market, the human capital market consists of a wide range of assets, i.e. educations. Each young individual chooses the educational asset that matches his preferred combination of risk and return in terms of future income. A unique register-based data set with exact information...
Lo Bianco, Joseph
This booklet discusses some consequences of internationalization for national training systems from the standpoint of the following two broad approaches often taken by international organizations: (1) the human capital ideology, which assumes human capital is an appropriate basis for education policy; and (2) the human rights and human development…
This paper analyzes the human capital training strategies adopted between the 1850s and 1930s by railroad companies in Mexico and Chile. These two countries enable one to contrast the different routes taken by the same type of firm, technology and labor force. A propos of this, we suggest that because of its complexity, capital intensity and new work methods, railway technology had a positive impact on human capital training in the cases studied. During the period when railways were the main ...
Policy prescriptions concerning the state of pedagogy by previous government administrations have transformed the education system into a market model where brand values and purchasing power appear to be increasingly dictating access to education rather than the ability to learn and meritocracy. This article explores the pervasion of market values…
Nelen, A.C.; de Grip, A.
We analyze whether lower investments in human capital of part-time workers are due to workers’ characteristics or human resource practices of the firm. We focus on investments in both formal training and informal learning. Using the Dutch Life-Long-Learning Survey 2007, we find that part-time workers have different determinants for formal training and informal learning than full-time workers. The latter benefit from firms’ human resource practices such as performance interviews, personal deve...
Francisco José Lopes de Sousa Diniz
Full Text Available This study aimed to analyze an entrepreneurial experience, social innovation and human capital; the object of the study is the Bank Palmas, located in Fortaleza, in Ceará, Brazil. This bank was created to address the need to promote the income generation and job, making use of a corporate economic system, which allows to overcome the poverty axis located in a suburb called Conjunto Palmeiras, with a population of 30 thousand inhabitants. For this, we used the descriptive and exploratory research with fieldwork conducted in the locality of Bank Palmas. These actions serve as a benchmark for innovative practices and have meaningful participation and involvement of local inhabitants. A population sample consisted of 207 individuals, associates and employees of the Bank Palmas and was used to analyze the descriptive and inferential statistics. The data suggest that the entrepreneurship development concepts and social innovation and human capital are implemented by the Bank Palmas with relevant results in the local community. Members and employees of the Bank Palmas through these various actions felt themselves as active players in transforming their reality. Investment in human development is considered as a major source of innovation, the organizations of various sectors of the economy need to incorporate the strategic management of human capital, as recommended in the literature on this topic, which considers the human capital as the set of all the skills, knowledge and experience of employees or managers, involving also the creativity and innovation.
Human immunodeficiency virus/acquired immune deficiency syndrome (HIV/AIDS) affects economic growths by reducing the human capitals are among the most poorly understood aspect of the AIDS epidemic. This article analyzes the effects of the prevalence of HIV and full-blown AIDS on a country's human capitals and economic growths. Using a fixed effect model for panel data 1990-2010 from the Asia, I explored the dynamic relationships among HIV/AIDS, economic growths, and human capitals within countries over time. The econometric effects concerned that HIV/AIDS plays an important role in the field of economic growths and it is measured as a change in real gross domestic product (GDP) per capita and human capitals. The modeling results for the Asian countries indicates HIV/AIDS prevalence that has a hurtful effect on GDP per capita by reducing human capitals within countries over time.
Svendsen, G.L.H.; Svendsen, Gert Tinggaard
What are the roots of social capital and how can it be measured and built? Social capital is considered as a new production factor which must be added to the conventional concepts of human and physical capital. Social capital is productive because it increases the level of trust in a society and ...
Dr. Daan Andriessen
The value of CUlTent organizations and industries is increasingly located in intangibles (human capital, structural capital and relational capital) and basically,knowledgehasbecomea factor of production and a main asset. This Intellectual Capital does not appear on balance sheets,but ultimately does
Lex van Teeffelen; Lorraine Uhlaner; Martijn Driessen
This study focuses on the transfer process and the importance of human capital and succession planning as firm resource from the seller’s perspective. It further differentiates amongst two types of human capital - specific and generic - to predict the transfer duration, obtained price and
Stephens, Mattyna L.
Through discourse analysis the research will unearth the tension between the Theories of Human Capital (HCT) and the Work First Policy (WFP), Policies Informing Education (PIE), and Human Capital Development (HCD) as they relate to the labor market. The application of discourse analysis demonstrates how the tenants of HCT are missing components…
Smith, Andrew; Courvisanos, Jerry; Tuck, Jacqueline; McEachern, Steven
This literature review examines the role of human capital formation in building innovative capacity in firms. The aim of the review is to develop a model of human capital development factors to be used as a basis for a larger research project where the factors that develop innovation capacity in enterprises will be investigated. The review finds…
Full Text Available This study is based on the importance of accountant professionalism as human capital in accounting firm as a service company. This research is intended to study the effect of human capital on the performance of auditors in KAP in Bandung by proposing research hypothesis that, human capital have positive effect on auditor performance, either partially or simultaneously. Several dimensions as sub-variables that form human caputals to be studied are represented by individual capability, individual motivation, leadership, the organizational climate, and workgroup effectiveness factors. The auditor's performance is measured by three factors that make the performance are (1 individual factors, (2 psychological factors, and (3 organizational factors. The study was conducted at an accounting firm located in Bandung. From the number of population taken random sample consisting of senior accountant and junior accountant as respondent. Data collection technique used is by using questionnaire. In accordance with the measurement scale, the data that have been collected tested the validity of Rank Spearman correlation formula and reliability with Alpha Cronbach. Data that have been tested and declared valid and reliable are then analyzed by correlation and regression analysis. Based on the results of correlation and regression analysis to test the hypothesis obtained findings of research results that human capital simultaneously have a fairly close relationship with its performance. While from multiple regression analysis it is known that each dimension gives various contribution to auditor performance and significant at p = 0,05, so from result of significance test, either partially or simultaneously can be concluded to accept research hypothesis, that is human capital have positive effect to auditor performance
Bravo-Ortega, Claudio; Lederman, Daniel
Numerous studies predict that developing countries with low human capital may not benefit from the strengthening of intellectual property rights. The authors extend an influential theoretical framework to highlight the role of intellectual property rights in the process of innovation and structural change. The resulting theory is consistent with a stylized fact that appears in the data, na...
Batabyal, A.; Nijkamp, P.
We use a multi-region model and provide the first theoretical analysis of the effects of human capital use and a particular kind of innovative activity on economic growth. In each of the N heterogeneous regions in our model, consumers have constant relative risk aversion preferences, there are
Blachford, Dongyan Ru; Zhang, Bailing
This article examines the dynamics of brain circulation through a historical review of the debates over international migration of human capital and a case study on Chinese-Canadian academics. Interviews with 22 Chinese-Canadian professors who originally came from China provide rich data regarding the possibilities and problems of the contemporary…
de Pleijt, Alexandra; Nuvolari, A.; Weisdorf, J.
This paper explores the effect of technological change on human capital formation during the early phases of England’s Industrial Revolution. Following the methodology used in Franck and Galor (2016), we consider the adoption of steam engines as an indicator of technical change, examining the
Thinking and acting strategically about human capital development and management is the lifeblood of most high-performing businesses and organizations. Public education in this nation should be no different. Principals' and teachers' performance has more effect on student achievement than any other factor and their effectiveness in increasing…
Ho, K. C.; Ge, Yun
There is considerable evidence to suggest that the human capital needs of the world city differ from what Robinson calls "ordinary cities" or what Markusen and associates term as "second tier cities". This path is blazed most notably in the field of world cities and the flow of skilled labour, in the work by Sassen and with…
In this paper the author summarizes some of the most relevant issues, evidence, and divergent thinking relative to the strategic management of human capital in education. This paper has been built upon the most recent research, interviews with 20 of the leading experts around the nation, and structured conversations with leading-edge educators in…
Smith, Andrew; Courvisanos, Jerry; Tuck, Jacqueline; McEachern, Steven
This document was produced by the authors based on their research for the report "Building the Capacity to Innovate: The Role of Human Capital," and is an added resource for further information. This document contains the following appendices: (1) Survey methodology; (2) Synopsis of the literature; (3) Interview questions; and (4) Survey…
This article offers a critique of the concept of equality as it informs the White Paper on Adult Education: Learning for Life (2000). It also outlines the extent to which human capital theory can be seen to have effectively colonised lifelong learning from the outset of its adoption by the European Union with highly constraining implications for…
Dos Santos, Manon Domingues; Wolff, Francois-Charles
In this paper, we study the impact of parental human capital background on ethnic educational gaps between second-generation immigrants using a large data set conducted in France in 2003. Estimates from censored random effect ordered Probit regressions show that the skills of immigrants explain in the most part, the ethnic educational gap between…
Ghoddusi, Hamed; Siyahhan, Baran
This paper develops a model of optimal education choice of an agent who has an option to emigrate. Using a real options framework, we analyze the time evolution of human capital in the country of origin and investigate the role of migration possibilities in the accumulation of different types of ...... in alleviating the brain drain problem....
The author shares how he was fascinated by the recent interest in and focus on the strategic management of human capital (SMHC)--which has been defined as "the acquisition, development, performance management and retention of top talent in the nation's schools." It is one thing to identify talented educators; it is another to utilize them…
Abendroth, A.; Maas, I.; van der Lippe, T.
In this article, we investigate why women are less likely than men to hold a position of workplace authority and why countries differ in this respect. We focus on the importance of investments in different types of human capital and the returns on them. Whether leave policies, the availability of
Purpose: The purpose of this paper is to examine the pattern of outward foreign direct investment (FDI) by Irish MNCs, and more specifically, to investigate their approach to human capital development and how these correspond to foreign MNCs in Ireland. In particular, it seeks to investigate training and development expenditure, adoption of…
Becker, Sascha O.; Wohmann, Ludger
Max Weber attributed the higher economic prosperity of Protestant regions to a Protestant work ethic. We provide an alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. County-level data from late 19th-century Prussia reveal that Protestantism…
Cornachione, Edgard; Daugherty, Jenny
This study explores opportunity costs of postsecondary education in the U.S. in the past three decades. Based on human capital theory, data from the U.S. Census, along with parameters for high education achievement (involving bachelors and advanced degrees), were fed into a forecasting model developed for this purpose. Beyond descriptive…
This article looks at the concept of education for human capital from its origins in the US and Britain as part of a neo-colonial effort, to its current role in dominating educational discourse across Asia. It argues that although there is nothing wrong with promoting education for career success, this should not be the only lens through which we…
Using a human capital theory framework, this study examines the impact of educational mismatches on earnings and occupational mobility. Occupational mobility theory suggests that overeducated workers observe greater upward occupational mobility and undereducated workers observe lower upward occupational mobility. By extension, this leads to…
... NATIONAL INTELLIGENCE Office of the Chief Human Capital Officer; Information Collection; Ancestry and...: Office of the Director of National Intelligence (ODNI). ACTION: Information Collection Activities... instrument is to assess the IC's progress in recruitment and retention and not for equal employment...
Elena A. Dubik
Full Text Available In the article problems of integrated and continuous professional education are considered. A new continuous integrated professional educational specialist training programme (school - higher school - industrial enterprise and its specifics are discussed. The system makes possible for the human capital to develop its professional skills and scientific knowledge on a life long term.
This document, a review of labor market effects of human capital, focuses on two related topics. Part I describes the following early findings of the research on effects of education and job training on the wage structure, labor turnover, and unemployment: decline of training with experience, positive and significant effects of training on length…
This article outlines an approach to reducing gift officer turnover during comprehensive campaigns by investing in the human capital management (HCM) program. While many universities have begun to create HCM programs, I suggest creating a position specifically focused on the retention of gift offices to ensure that universities and non-profits can…
Smith, Ryan Lee
The purpose of this study was to use human capital theory to develop a policy approach towards college student migration in Illinois. A rate of return analysis revealed the social rate of return for college student migrants who return to Illinois and the private rate of return was 15.95%. It was estimated that due to college student migration in…
McDowell, John; Singell, Larry D., Jr.; Stater, Mark
Administrative skill is essential to organizational effectiveness. Yet, few studies examine how human capital investments over a career affect selection into administration. We use panel data for economists to estimate the probability of choosing administration over a pure academic track. The results show that, while research-specific human…
Heckman, James J.; Jacobs, Bas
Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Policies to promote human capital formation reduce welfare state dependency among the…
Dobbins, Tony; Plows, Alexandra
The orthodox supply-side human capital theory (HCT) paradigm is inadequate for understanding and adjusting to labour market volatility in UK regional economies like Wales. This article explores the role of regional labour market intermediaries (LMIs) in matching supply (skills) and demand (job opportunities) in regional labour markets. Some LMIs…
Grove, Wayne A.; Hussey, Andrew; Jetter, Michael
Focused on human capital, economists typically explain about half of the gender earnings gap. For a national sample of MBAs, we account for 82 percent of the gap by incorporating noncognitive skills (for example, confidence and assertiveness) and preferences regarding family, career, and jobs. Those two sources of gender heterogeneity account for…
Behrstock-Sherratt, Ellen; Jacques, Catherine
This brief provides district and other educational leaders with research-based information on aligning professional development policies with teacher evaluations to drive more comprehensive human capital management. First, this brief describes an aligned evaluation and professional development system. Next, it discusses existing models and…
Loyalka, Prashant; Huang, Xiaoting; Zhang, Linxiu; Wei, Jianguo; Yi, Hongmei; Song, Yingquan; Ren, Baoping; Shi, Yaojiang; Chu, James; Maani, May; Rozelle, Scott
A number of developing countries currently identify vocational education and training (VET) as a key approach to building human capital. For example, the promotion of VET at the high school level ("vocational high school", which is used here interchangeably with VET throughout the paper) has become a policy priority among emerging…
Myung, Jeannie; Martinez, Krissia; Nordstrum, Lee
Building a stronger teacher workforce requires the thoughtful orchestration of multiple processes working together in a human capital system. This white paper presents a framework that can be used to take stock of current efforts to enhance the teacher workforce in school districts or educational organizations, as well as their underlying theories…
Klees, Steven J.
Human capital theory and rate of return methodology have long been a dominant framework in comparative and international education and other fields. While there have been criticisms since its inception, it has been ubiquitous and widely accepted as an important mechanism for educational planning, evaluation, and policy making. In this article, I…
Oude Mulders, J.; Henkens, K.; Liu, Y.; Schippers, J.J.
Older job applicants are vulnerable to stereotype-related bias in the recruitment process. In the current study, we examined how managers’ job interview invitation decisions regarding older job applicants are influenced by applicants’ human capital-related characteristics, general economic
Xu, Xiaohe; Tung, Yuk-Ying; Dunaway, R. Gregory
This article constructs a model to predict the likelihood of parental use of corporal punishment on children in two-parent families. Reports that corporal punishment is primarily determined by cultural, human, and social capital that are available to, or already acquired by parents. Discusses an integrated, resource-based theory for predicting use…
This study researches whether the ePortfolio is a suitable instrument for human capital management in the business environment. The implementation of ePortfolio systems in five different organizations is analyzed. It considers whether ePortfolio implementations were successful, and relevant critical success factors were identified. For the latter…
Corcoran, Jonathan; Faggian, Alessandra; McCann, Philip
In this paper we examine the spatial employment patterns of Australia's university graduates in nonurban locations. Using a 2006 data set recording the employment status of 65,661 university graduates 6 months after their graduation we examine how the personal and human capital characteristics of
Full Text Available This paper studies the role of human capital in gender wage disparities. Despite increasing convergence of male and female human capital attainments, substantial differences remain. We focus on the human capital dimensions specific for a certain gender as additional drivers of the pay differential. Relying on PIAAC (the Program for the International Assessment of Adult Competencies data, we incorporate both formal educational attainment and actual cognitive skills in the definition of human capital. The results showed that the association between higher skill and formal education is particularly low for Estonian men, whereas wage returns for these skills are remarkably high in Estonia, compared to other Nordic states. It suggests that factors other than formal education play a substantial role in human capital accumulation in the case of Estonian males but not so remarkable in the case of Nordic countries.
The object of this research is to investigate the human resource management strategies in the Nigerian Airline Industry. A comparative study was conducted in Nigeria's airline industry to examine the extent to which Domestic Airlines (DAs) and Foreign Airlines (FAs) operating in the country are using Human Resource ...
Татьяна Юрьевна Ксенофонтова
Full Text Available Today in the Russian Federation the specific demographic situation was formed: the potential saved up in demographic structure isn't able to provide today an increase in population. Thus in the world the stable growth of population in developing countries is observed. The author deems it appropriate to consider a birth rate problem through a prism of economic laws of functioning of industrial productions, distracting thus from a reproduction instinct. At research of process of a child-bearing by analog of the industrial enterprise on production of the person the family is. Drawing an analogy further we have to agree with that fact that in a family as well as at the industrial enterprise, there have to be a division of labor of participants of process of production of the person and their specialization. Thus, if we want to achieve a mass production, it is necessary to pay attention to coefficient of fixing of operations behind each workplace. Economic calculations show that if not economic factors of the birth of children didn't work (love, a reproduction instinct, etc. depopulation in the countries with the developed capitalism would accept even more frightening rates. Character a razkvitiya of the human capital of the nation in the present article is based on the theory of cyclic passional development of ethnoses of L.N.Gumilev. Considering the situation which has developed in Russia we are compelled to draw a conclusion that in the country there came a phase of the birth of the Russian new ethnos from representatives of result of a metisation of indigenous people of Russia and a migratory increase in population of the country.DOI: http://dx.doi.org/10.12731/2218-7405-2013-4-2
Ksenofontova Tatiana Yurevna
Full Text Available Today in the Russian Federation the specific demographic situation was formed: the potential saved up in demographic structure isn't able to provide today an increase in population. Thus in the world the stable growth of population in developing countries is observed. The author deems it appropriate to consider a birth rate problem through a prism of economic laws of functioning of industrial productions, distracting thus from a reproduction instinct. At research of process of a child-bearing by analog of the industrial enterprise on production of the person the family is. Drawing an analogy further we have to agree with that fact that in a family as well as at the industrial enterprise, there have to be a division of labor of participants of process of production of the person and their specialization. Thus, if we want to achieve a mass production, it is necessary to pay attention to coefficient of fixing of operations behind each workplace. Economic calculations show that if not economic factors of the birth of children didn't work (love, a reproduction instinct, etc. depopulation in the countries with the developed capitalism would accept even more frightening rates. Character a razkvitiya of the human capital of the nation in the present article is based on the theory of cyclic passional development of ethnoses of L.N.Gumilev. Considering the situation which has developed in Russia we are compelled to draw a conclusion that in the country there came a phase of the birth of the Russian new ethnos from representatives of result of a metisation of indigenous people of Russia and a migratory increase in population of the country.
Chris W. Callaghan
Full Text Available Orientation: Central to understanding the contemporary state of the human resource management (HRM field is knowledge of its history, and the underlying rationales as to why it has changed over time. This research attempts to identify one such important ‘rationale’.Research purpose: This article relates certain changes in HRM over time to the argument that there has been a shift from an industrial paradigm (on which many human resource [HR] systems, practices and theoretical frameworks are still based to a knowledge paradigm (of knowledge work, in which employee knowledge and skills offer compound advantages that are not substitutable which explains a great deal of the variance in changes of the field over time.Motivation for the study: It is argued that in order for the field to move forward, it may needto bring to the surface certain assumptions and differentiate between theoretical frameworkswhen dealing with knowledge work versus non-knowledge work.Research design, approach and method: This article offers a perspective of HR theory development over time. It is a conceptual/perspectives article and is not qualitative nor quantitative in nature. Further research will be able to test the ideas presented here.Practical/managerial implications: Managers and human resources managers need to differentiate between knowledge and non-knowledge work. The latter is associated with increased heterogeneity and complexity, and differences in power relationships, as knowledge work shifts power away from capital into the hands of skilled knowledge labour.
T. H. Usmanova
Full Text Available Relevance of the chosen subject is caused by the current state and problems of development of a human capital and potential. The existing changes of the current legislation and a tendency of development of a human capital in Russia in developed countries allow to subject to doubt efficiency of planning of economic and social programs in the country. Also relevance of article is caused by the fact that in the conditions of a transitional economy and integration of economy into the world economy many countries create quality of life of the population according to standards and there is a need of revaluation of values regarding development of a human capital in Russia within the world device.In the first part of article the overview of historical aspects of planning of a human capital and the analysis of high budget revenues becomes. In article it is shown that expenses aren't effectively distributed on regional equalization and on social needs, that is on development of a welfare and a human capital and potential in the country.The second part of article describes one of manifestations of the quality level of life, that is the Minimum Wage (MW which is the main indicator for charge of temporary disability benefits, pension accrual, unemployment benefits, etc.The third part of article reflects the directions of development of innovative management: improvement of quality of life and a human capital where emphasis on need of preparation intellectual the oriented specialists is placed.The purpose/goal .The purpose of article is disclosure, comparison of features, and also determinations of criteria of management of innovative development of quality of life and a human capital in the Russian Federation.Methodology. The methodology of the solution of objectives is based on use of a method of a dialectic research, methods of the economic analysis, forecasting, the situation and system analysis, expert evaluations and the analysis of empirical data
Full Text Available This study is an attempt to test the hypothesis “international trade contributes to economic growth through its effects on human capital accumulation.” To assess the hypothesis empirically, we employed the extended Neo-Classical growth model that reflects some features of the endogenous growth models. We thus ended up with a model in which the change in human capital is sensitive to change in trade policies. Unlike conventional approaches, the model serves to assess and determine the impact of international trade on the accumulation of human capital. The empirical analysis estimates dynamic panel growth equations by using a data-set of nine Asian countries, over the period 1972–2012. The overall evidence substantiates the fact that in countries under consideration, international trade enhances the accumulation of human capital and contributes to economic growth positively through human capital accumulation.
Undurraga, Eduardo A; Behrman, Jere R; Emmett, Susan D; Kidd, Celeste; Leonard, William R; Piantadosi, Steven T; Reyes-García, Victoria; Sharma, Abhishek; Zhang, Rebecca; Godoy, Ricardo A
We assessed associations between child stunting, recovery, and faltering with schooling and human capital skills in a native Amazonian society of horticulturalists-foragers (Tsimane'). We used cross-sectional data (2008) from 1262 children aged 6 to 16 years in 53 villages to assess contemporaneous associations between three height categories: stunted (height-for-age Z score, HAZ-1), and three categories of human capital: completed grades of schooling, test-based academic skills (math, reading, writing), and local plant knowledge. We used annual longitudinal data (2002-2010) from all children (n = 853) in 13 villages to estimate the association between changes in height categories between the first and last years of measure and schooling and academic skills. Stunting was associated with 0.4 fewer completed grades of schooling (∼24% less) and with 13-15% lower probability of showing any writing or math skills. Moderate stunting was associated with ∼20% lower scores in local plant knowledge and 9% lower probability of showing writing skills, but was not associated with schooling or math and writing skills. Compared with nonstunted children, children who became stunted had 18-21% and 15-21% lower probabilities of showing math and writing skills, and stunted children had 0.4 fewer completed grades of schooling. Stunted children who recovered showed human capital outcomes that were indistinguishable from nonstunted children. The results confirm adverse associations between child stunting and human capital skills. Predictors of growth recovery and faltering can affect human capital outcomes, even in a remote, economically self-sufficient society. © 2017 Wiley Periodicals, Inc.
Barton, Harry; Delbridge, Rick
A study of human resource practices in 18 automobile factories in the United States and Britain showed that manufacturing innovations are placing greater demands on line managers and workers. Training is being refocused to develop their interpersonal, team, and leadership skills. However, lack of time and suitable training facilities are barriers.…
Becker, Stacy; Rothschild, Steven
Profound demographic and technological changes are upon us, changes that pose new and evolving challenges requiring fresh approaches from virtually every sector and system. Education is no exception. As fiscal pressures grow, federal, state, and local governments are cutting back where they can, often in human service budgets. Ironically, these…
Olasehinde, M. O.; Akanmode, O. A.; Alaiyemola, A. T.; Babatunde, O. T.
It is commonly agreed that a country cannot be fully developed without large-scale investment in her educational scheme since the breakthrough of a country is directly proportional to her educational level. Since the acquisition of effective reading skills has a positive effect on all school subjects, then reading is sine-qua-non for human capital…
Full Text Available This article presents an analysis of intellectual capital; its management, features and processes by which intellectual capital of a company can be evaluated. The main elements of intellectual capital (human, structural and relationship capital are presented and used in research. After surveying bibliography, intellectual capital evaluation model, which applies to Lithuanian and Latvian companies operating in the transport sector, is created. The research is based on the value-added intellectual capital factor model, the relationship between indicators, multi-asset return correlation and regression analysis and generation of alternatives to intellectual capital performance-enhancing. Following an assessment of intellectual capital of Lithuanian and Latvian transport sectors, on the basis of the results, it was found that the intellectual capital is a key factor in corporation management to increase revenue. Article in Lithuanian
Dixit, Manish K; Culp, Charles H; Fernandez-Solis, Jose L
Buildings alone consume approximately 40% of the annual global energy and contribute indirectly to the increasing concentration of atmospheric carbon. The total life cycle energy use of a building is composed of embodied and operating energy. Embodied energy includes all energy required to manufacture and transport building materials, and construct, maintain, and demolish a building. For a systemic energy and carbon assessment of buildings, it is critical to use a whole life cycle approach, which takes into account the embodied as well as operating energy. Whereas the calculation of a building's operating energy is straightforward, there is a lack of a complete embodied energy calculation method. Although an input-output-based (IO-based) hybrid method could provide a complete and consistent embodied energy calculation, there are unresolved issues, such as an overdependence on price data and exclusion of the energy of human labor and capital inputs. This paper proposes a method for calculating and integrating the energy of labor and capital input into an IO-based hybrid method. The results demonstrate that the IO-based hybrid method can provide relatively complete results. Also, to avoid errors, the total amount of human and capital energy should not be excluded from the calculation.
Zula, Kenneth J.; Chermack, Thomas J.
The shift in the U.S. economy from a manufacturing powerhouse to a service-driven economy has placed a great emphasis on human capital planning within organizations in order to remain competitive in a new global economy. The link between critical business strategy and the successful implementation of strategy has been well documented in the…
In order to analyze the impact of human capital theory on contemporary Chinese education, this paper first draws a conceptual outline of how this theory was introduced and interpreted to suit the Chinese quest for modernization. The study then adopts a comparative historical approach to the points of similarity between Neo-Confucian educational…
Mohammad Reza Goodarzi
Full Text Available Introduction: Increase of environmental challenges inevitably changes our methods; challenges such as rapid change, diversity of workforce, globalization, evolution and transformation of business and family roles, lack of skills and emergence of service sector affect not only the organizational structure but also the nature and functional role of business. In response to these environmental challenges and in order to increase the efficiency and effectiveness and ultimately the productivity, the organizations have shifted toward two facilitators: human capital development and innovation. The aim of the current study is to survey the correlation between these two facilitators. Method: This research is a descriptive-analytical survey. The current research population includes all experts and managers of healthcare organizations of Markazi Province in Iran in January 2015. The statistical population consisted of 650 individuals; 180 individuals were chosen as the statistical sample using Cochran’s formula. In terms of data collection method, this is a descriptive-bivariate correlative type research. Library and internet resources developed based on the variables were used for collecting data related to theoretical concepts and extracting primary elements and indicators. Cronbach’s alpha test has been used for confirming the validity and reliability of the questionnaire (0.863 which indicates a high reliability. The number of collected questionnaire was 180 and they have been analyzed using Spearman correlation. Results:According to t-statistic in all hypotheses which is out of the range of -1.96-1.96, it could be said that human capital development, healthcare management, infrastructure of official institutions, infrastructure of unofficial institutions and knowledge (education management development have a significance effect on innovation at significance level of 95%. As a result, all research hypotheses were confirmed. Conclusion: Innovation
Full Text Available The paper presents the process of transformation of the role of the human factor in the economic system, it shows the importance of entrepreneurship as an intangible resource of post-industrial development. Resource value of entrepreneurship is characterized on the basis of economic analysis of the functional role of entrepreneurship in the system. Showing methodological approaches to the study of entrepreneurship presented in the works of foreign representatives of business theory
Kekkonen A. L.
Full Text Available The article presents the results of studies of the spatial development qualities and the human capital expanded reproduction of the Republic of Karelia and the Arctic regions of Russia’s European North. The aim of the article is the identification of characteristics, opportunities and threats of human capital reproduction in terms of region spatial development. The application of the research results is to provide recommendations for improving reproduction of the human capital and development of the education and vocational guidance systems, human capital management in the region. The study of spatial development and reproduction of the human capital used methods of logical, statistical and comparative analysis and SWOT- analysis principles. The results of the study allowed revealing the peculiarities of spatial development and human capital expanded reproduction of the Republic of Karelia in comparison with the Russian Arctic regions of the European North (Arkhangelsk Oblast, Murmansk Oblast, Komi Republic and Nenets Autonomous District. The Republic of Karelia has a special geographical position, and based on many socio-economic indicators is considered to be a «depressive» region. The expanded reproduction of human capital will bring the Republic of Karelia to the next level of development, taking into consideration external and internal factors as well as opportunities and threats. The results obtained in the study will expand the existing system of knowledge about reproduction of the human capital in the framework of spatial development, and the review of the expanded reproduction of human capital on the regional level will allow the government authorities to develop objective measures of quality formation of the region's human resources. It is proved that the introduction of the vocational guidance system in the region could lead to minimization of the threats associated with depopulation and the gap between education system and the
Full Text Available The purpose of the investigation was to interpret training in ethics for action business students an introduction to the economy of the Faculty of Social and Economic Sciences at the University of Carabobo, as part of professional development in business studies. The investigation was addressed within the paradigm post positivist using ethnographic and hermeneutic method, descriptive mode of scientific research and technique participant-observation. It concludes that training in ethics management must transcend the economic theories located in the teleological by financial or economic interests toward the teleological including humanism.
Peter M. Frischknecht
Full Text Available This paper reports on a sustainability outreach study based on an assessment of human and social capital. The aim was to capture the national sustainability outreach of twenty years of Environmental Sciences education, centered at the Swiss Federal Institute of Technology (ETH in Zurich. The study contained two lines of research, one being a human capital assessment with a survey among graduates from the years 1992 to 2005 (n = 542 and the other being a social capital analysis based on interviews with institutions that represent the Swiss social systems of economy, politics/public administration and civil society (20 institutions. Our analyses reveal several functional forms of both human capital (specialists, pioneers, leaders and social capital (qualification profile, internalization, networks, standardization, professionalization that trigger and channel sustainability outreach.
Cilliers, Jacobus; Dube, Oeindrila; Siddiqi, Bilal
Civil wars divide nations along social, economic, and political cleavages, often pitting one neighbor against another. To restore social cohesion, many countries undertake truth and reconciliation efforts. We examined the consequences of one such effort in Sierra Leone, designed and implemented by a Sierra Leonean nongovernmental organization called Fambul Tok. As a part of this effort, community-level forums are set up in which victims detail war atrocities, and perpetrators confess to war crimes. We used random assignment to study its impact across 200 villages, drawing on data from 2383 individuals. We found that reconciliation had both positive and negative consequences. It led to greater forgiveness of perpetrators and strengthened social capital: Social networks were larger, and people contributed more to public goods in treated villages. However, these benefits came at a substantial cost: The reconciliation treatment also worsened psychological health, increasing depression, anxiety, and posttraumatic stress disorder in these same villages. For a subset of villages, we measured outcomes both 9 months and 31 months after the intervention. These results show that the effects, both positive and negative, persisted into the longer time horizon. Our findings suggest that policy-makers need to restructure reconciliation processes in ways that reduce their negative psychological costs while retaining their positive societal benefits. Copyright © 2016, American Association for the Advancement of Science.
D.R. Gasper (Des)
textabstractWhat interpretation of human flourishing, what ideas of value does capitalism in practice embody and promote? To address this question the paper clarifies first that "capitalism" must be understood as more than merely a system of private property and markets. It contains "the prerogative
Svendsen, G.L.; Svendsen, Gert Tinggaard
What are the roots of social capital and how can it be measured and built? Social capital is considered as a new production factor which must be added to the conventional concepts of human and physical capital. Social capital is productive because it increases the level of trust in a society...... and allows more transactions to take place without third-party enforcement. Theory and lessons from empirical evidence lead to the general recommendation that any loss in social capital must be deducted from the economic gain following market forces. For example, the voluntary organization of small......-sized groups in the Danish Cooperative Dairy Movement was eliminated due to economies of scale. It may be so that an alternative way of production, taking social capital into account, could have increased economic growth further....
Oh, In-Sue; Kim, Seongsu; Van Iddekinge, Chad H
Drawing on the attraction-selection-attrition perspective, strategic human resource management (SHRM) scholarship, and recent human capital research, this study explores organization-level emergence of personality (i.e., personality-based human capital resources) and its direct, interactive, and (conditional) indirect effects on organization-level outcomes based on data from 6,709 managers across 71 firms. Results indicate that organization-level mean emotional stability, extraversion, and conscientiousness are positively related to organization-level managerial job satisfaction and labor productivity but not to financial performance. Furthermore, organization-level mean and variance in emotional stability interact to predict all three organization-level outcomes, and organization-level mean and variance in extraversion interact to predict firm financial performance. Specifically, the positive effects of organization-level mean emotional stability and extraversion are stronger when organization-level variance in these traits is lower. Finally, organization-level mean emotional stability, extraversion, and conscientiousness are all positively related to firm financial performance indirectly via labor productivity, and the indirect effects are more positive when organization-level variance in those personality traits is lower. Overall, the findings suggest that personality-based human capital resources demonstrate tangible effects on organization-level outcomes. Theoretical and practical implications of these findings are discussed along with study limitations and future research directions. (c) 2015 APA, all rights reserved.
Sessa Anata Salam
Full Text Available Industrialisasi sejak masa orde baru periode 1967-1997 telah mengubah struktur perekonomian Indonesia. Kawasan Kedungsepur menjadi lokasi penelitian dikarenakan terdapatnya potensi dalam bidang industri dibandingkan dengan 8 (delapan kawasan strategis lainnya di Provinsi Jawa Tengah. Pada tahun 2007-2012 perkembangan PDRB sektor industri pengolahan cenderung mengalami penurunan. Salah satu yang mempengaruhi produktivitas ialah SDM yang berkualitas, sehingga peneliti ingin melihat apakah terdapat pengaruh Human Capital Spillove Effects serta pengaruh dari faktor lainnya seperti tenaga kerja industri dengan tingkat pendidikan rendah dan tingkat pendidikan tinggi, modal industri serta upah terhadap produktivitas industri pengolahan pada Kawasan Kedungsepur. Penelitian ini menggunakan fungsi produksi Cobb-Douglas. Metode analisis yang digunakan berupa Ordinary Least Squares dengan menggunakan regresi data panel. Berdasarkan hasil penelitian tidak ditemukan adanya pengaruh dari tenaga kerja industri dengan tingkat pendidikan rendah. Kesimpulan penelitian ini ialah, ditemukan Human Capital Spillover Effect terhadap produktivitas industri pengolahan pada kawasan Kedungsepur. Tenaga kerja industri pendidikan rendah tidak berpengaruh secara nyata, angkatan kerja di luar industri dengan tingkat pendidikan tinggi, tenaga kerja industri dengan tingkat pendidikan tinggi, modal industri dan upah berpengaruh secara nyata dan positif terhadap produktivitas industri kawasan Kedungsepur. Industrialization since the ner order during the period 1967-1997 has changed the structure of economic in Indonesia. Kedungsepur became the location of the research because have a potential of manufacturing industry than 8 (eight other strategic areas in the Province of Central Java. In 2007-2012 GDP growth of manufacturing industry tends to drop in. one of which affect the productivity are qualified human resource, so the researcher wanted to see wether there are affected of
Full Text Available Historical legacies, particularly imperial tutelage and religion, have featured prominently in recent scholarship on political regime variations in post-communist settings, challenging earlier temporally proximate explanations. The overlap between tutelage, geography, and religion has complicated the uncovering of the spatially uneven effects of the various legacies. The author addresses this challenge by conducting sub-national analysis of religious influences within one imperial domain, Russia. In particular, the paper traces how European settlement in imperial Russia has had a bearing on human development in the imperial periphery. The causal mechanism that the paper proposes to account for this influence is the Western communities’ impact on literacy, which is in turn linked in the analysis to the Western Christian, particularly Protestant, roots, of settler populations. The author makes this case by constructing an original dataset based on sub-national data from the hitherto underutilised first imperial census of 1897.
Luis Eduardo Arango; Gabriela Bonilla
We provide evidence of private returns to education and externalities which jointly render social returns in the labor market of Colombia. The spillover in the cities is generated by the share of college educated workers in the working-age population. Thus, the higher is this share in the cities, the higher the wages. The size of the externality is about 0.66; that is, an increase in the share of one percentage point will increase the wage in 0.66%. For highly educated workers the externality...
van Leeuwen, Bas; Li, Jieli; Földvári, Peter
In recent decades it has been debated whether China’s growth performance is primarily driven by capital accumulation (more inputs) or rather by an increase in Total Factor Productivity (TFP) growth (better technology and institutions). The answer to this question may offer a glimpse into the future
Best, Jane R.
Increasing student achievement and narrowing the achievement gap are challenges that states and districts continue to confront as they strive to develop talent that will contribute to our nation's economy. Some strategies to produce authentic improvement in learning are not entirely a mystery. A preponderance of research in recent years provides…
Smits, Coco C.A.; Justinussen, Jens Christian S.; Bertelsen, Rasmus G.
The Arctic region is opening up due to climate change, causing sea ice extend and snow cover to decrease. Over the past decade economic activities, including fisheries, shipping, oil & gas, mining and tourism have increased throughout the region. Especially the oil and gas activities are