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human capital
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knowledge, skills, training and similar concepts, in economics
Wikidata facts
- Instance of
- intangible asset
- Subclass of
- human resources
Show 5 more facts
- Commons category
- Human capital
- named by
- Irving Fisher
- significant person
- Theodore Schultz
- influenced by
- Rudolf Goldscheid
- different from
- human resources
via Wikidata · CC0
~27 min read
Encyclopedic overview
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process in business or trade. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings. Research indicates that investments in human capital generate high economic returns throughout childhood and young adulthood.
Companies can invest in human capital; for example, through education and training, improving levels of quality and production.
Excerpted from Wikipedia’s “human capital” article, available under the CC BY-SA 4.0 licence.