Human Capital
NAME: DABLA Yao Mawuto
ID: UD 27884BEC36408
PROGRAM: DOCTORATE DEGREE IN ECONOMICS
COURSE TITLE: HUMAN CAPITAL
TITLE OF ASSIGNMENT: ESSAY ON HUMAN CAPITAL
ATLANTIC INTERNATIONAL UNIVERSITY
HONOLULU, HAWAII
TABLE OF CONTENTS
CONTENT PAGE
INTRODUCTION---------------------------------------------------------- 4-5
JUSTIFICATION----------------------------------------------------------- 5
HUMAN CAPITAL-------------------------------------------------------- 6-9
MICRO AND MACRO ASPECTS
OF HUMAN CAPITAL---------------------------------------------------- 9-17
INVESTMENT BY PARENTS IN THE EDUCATION AND OTHER HUMAN CAPITAL OF THEIR CHILDREN--------------------------- 17-21
INTERGENERATIONAL TRANSMISSION OF INEQUALITY---------------------------------------------------------- 22-26
THE LINKS BETWEEN SPECIALIZATION IN PARTICULAR TYPES OF HUMAN CAPITAL AND COORDINATION COSTS, GENERAL KNOWLEDGE, AND THE EXTENT OF THE MARKET----------- 26-29
THE RELATION BETWEEN HUMAN CAPITAL, POPULATION CHANGE AND ECONOMIC GROWTH------------------------------- 30-34
CONCLUSION-------------------------------------------------------------- 35
REFERENCES--------------------------------------------------------------- 36-37
“The most valuable of all capital is that invested in human beings.” (Alfred Marshall, Principles of Economics.)
INTRODUCTION
The purpose of this paper is to explain the determinant role human capital is about through productivity in the economic growth of a nation. According to Jacob Mincer, this concept plays a major role in modern treatment of growth theory and of labor economics. In one sense, the distinction between the two is in level of aggregation. I’ll also shed light on how human capital stock is accumulated, and how it contributes to create economic value for the individuals, the employers
ID: UD 27884BEC36408
PROGRAM: DOCTORATE DEGREE IN ECONOMICS
COURSE TITLE: HUMAN CAPITAL
TITLE OF ASSIGNMENT: ESSAY ON HUMAN CAPITAL
ATLANTIC INTERNATIONAL UNIVERSITY
HONOLULU, HAWAII
TABLE OF CONTENTS
CONTENT PAGE
INTRODUCTION---------------------------------------------------------- 4-5
JUSTIFICATION----------------------------------------------------------- 5
HUMAN CAPITAL-------------------------------------------------------- 6-9
MICRO AND MACRO ASPECTS
OF HUMAN CAPITAL---------------------------------------------------- 9-17
INVESTMENT BY PARENTS IN THE EDUCATION AND OTHER HUMAN CAPITAL OF THEIR CHILDREN--------------------------- 17-21
INTERGENERATIONAL TRANSMISSION OF INEQUALITY---------------------------------------------------------- 22-26
THE LINKS BETWEEN SPECIALIZATION IN PARTICULAR TYPES OF HUMAN CAPITAL AND COORDINATION COSTS, GENERAL KNOWLEDGE, AND THE EXTENT OF THE MARKET----------- 26-29
THE RELATION BETWEEN HUMAN CAPITAL, POPULATION CHANGE AND ECONOMIC GROWTH------------------------------- 30-34
CONCLUSION-------------------------------------------------------------- 35
REFERENCES--------------------------------------------------------------- 36-37
“The most valuable of all capital is that invested in human beings.” (Alfred Marshall, Principles of Economics.)
INTRODUCTION
The purpose of this paper is to explain the determinant role human capital is about through productivity in the economic growth of a nation. According to Jacob Mincer, this concept plays a major role in modern treatment of growth theory and of labor economics. In one sense, the distinction between the two is in level of aggregation. I’ll also shed light on how human capital stock is accumulated, and how it contributes to create economic value for the individuals, the employers
References: Alcalà, F.; Hernandez J.P. (2010), Firms’ Main Market, Human Capital, and Wages, http//www.link.springer.com/articles Becker, S De la Fuente, A. and Ciccone A. (2002), Le Capital Humain dans une économie mondiale fondée sur la connaissance. Rapport Final, Office des Publications Officielles des Communautés Européennes. Folbre, N. (2009), Valuing Children, Harvard University Press, USA. Inter-American Bank, (2003), Escaping the Poverty Trap, Ricardo Moràn Foote, A Kim ,S. (1989, labor Specialization and the Extent of the Market Journal of Political Economy, vol 97 N° 3, Chicago Journals Osterbacka, O Prskawetz, A.; Fente, T.; Barthel, B. Craspo-Cucoresma, J.; Lindh, T.(2007), The Relationship between Demographic Change and Economic Growth in EU, P. Alexia and Lindh T. Editors Rosen, S Rosenzweig, R. M. (1987), Human Capital, Population Growth, Beyond Correltions, University of Minnesota, USA. Shi,S. (2011), The Extent of the market and the optimal Degree of Specialization, University of Toronto Sianesi, B Werding, M. (2008), Ageing and Productivity Growth: Are there Macro-Level Cohort Effects of Human Capital? www.CESifo-group.org/wp Yueh, Y.L