Human capital is the stock of acquired talents, skills and knowledge which may enhance a worker’s earning power in the labour market. A distinction is commonly made between general human capital—which is considered as affecting potential...

The education and training embodied in a human person that gives rise to increased future income. Human capital measures should include an estimate of formal and informal training, as well as income forgone during the period of training, but in...

The theory maintaining that investment in human resources to improve the level of knowledge and skill in a society is the most effective method by which a society can encourage growth and development. See also screen hypothesis, human resource...

Human capital refers to the stock of productive skills and technical knowledge embodied in labor. Many early economic theories refer to it simply as labor, one of three factors of production, and consider it to be a fungible resource -- homogeneous and...