human capital


human capital
The skills, general or specific, acquired by an individual in the course of training and work experience. The concept was introduced in the 1960s in order to point out that wages reflect in part a return on human capital. This theory has been used to explain large variations in wages for apparently similar jobs and why even in a recession a firm may retain its workers on relatively high wages, in spite of involuntary unemployment.

Accounting dictionary. 2014.

Look at other dictionaries:

  • Human capital — refers to the stock of skills and knowledge embodied in the ability to perform labor so as to produce economic value. Many early economic theories refer to it simply as labor, one of three factors of production, and consider it to be a fungible… …   Wikipedia

  • human capital — noun The knowledge and skill of employees regarded as a business asset • • • Main Entry: ↑human …   Useful english dictionary

  • human capital — theory …   Dictionary of sociology

  • Human capital — The unique capabilities and expertise of individuals. The New York Times Financial Glossary * * * human capital human capital ➔ capital * * * human capital UK US noun [U] ► ECONOMICS, HR employees, and all of the knowledge, skills, experience,… …   Financial and business terms

  • human capital — The unique capabilities and expertise of individuals. Bloomberg Financial Dictionary * * * human capital human capital ➔ capital * * * human capital UK US noun [U] ► ECONOMICS, HR employees, and all of the knowledge, skills, experience, etc. that …   Financial and business terms

  • Human Capital — A measure of the economic value of an employee s skill set. This measure builds on the basic production input of labor measure where all labor is thought to be equal. The concept of human capital recognizes that not all labor is equal and that… …   Investment dictionary

  • human capital — The skills, general or specific, acquired by an individual in the course of training and work experience. The concept was introduced by Gary Becker in the 1960s in order to point out that wages reflect in part a return on human capital. This… …   Big dictionary of business and management

  • Human Capital — ⇡ Humankapital …   Lexikon der Economics

  • human capital — UK / US noun [uncountable] business the people an organization employs, and their skills, knowledge, and experience …   English dictionary

  • human capital theory — Human capital theory …   Dictionary of sociology


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