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Human Capital Advances in Theory and Evidence 1st Edition by Joop Hartog, Henriette Maassen van den Brink ISBN 0521873169 9780521873161

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Author(s): Joop Hartog, Henriette Maassen van den Brink
ISBN(s): 9780521873161, 0521873169
Edition: 1
File Details: PDF, 1.32 MB
Year: 2007
Language: english
SKU: EB-1691996 Category: Tags: ,

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Product details:

ISBN 10: 0521873169 
ISBN 13: 9780521873161
Author: Joop Hartog, Henriette Maassen van den Brink

At a time when governments and policy-makers put so much emphasis on ‘the knowledge economy’ and the economic value of education, human capital theory has never been more important. However, research in this area is often very technical and therefore not easily accessible to those who wish to use it as a guide to policy formation. This book provides an interface between such research and its potential applications in government, education and business. Reporting on a major research initiative, new findings are presented in a non-technical way on three major themes: measuring the benefits from human capital, applications of the human capital model, and policy interventions. Aimed at academic researchers and professionals concerned with the problems and techniques of human capital theory, it will also be useful for graduate courses on the economics of education to complement standard textbooks.

Human Capital Advances in Theory and Evidence 1st Table of contents:

Part I: Reconceptualizing Human Capital: New Theoretical Frontiers

Chapter 1: Defining Human Capital in the 21st Century: Beyond Formal Education

  • 1.1 Revisiting Becker and Schultz: Core Tenets and Early Critiques
  • 1.2 Expanding the Definition: Health, Social Capital, Psychological Traits
  • 1.3 Human Capital as a Multi-Dimensional Concept
  • 1.4 The Role of Lifelong Learning and Continuous Skill Development
  • 1.5 Non-Cognitive Skills and Their Integration into Human Capital Theory

Chapter 2: Signaling vs. Human Capital: A Unified Framework

  • 2.1 The Classic Signaling Model and Its Implications
  • 2.2 Reconciling Human Capital Accumulation with Signaling
  • 2.3 Empirical Distinctions and Overlaps in Returns
  • 2.4 The Role of Credentials and Certification in Labor Markets
  • 2.5 Dynamic Models of Human Capital and Signaling

Chapter 3: Endogenous Human Capital and Economic Growth

  • 3.1 Human Capital in Neoclassical Growth Models
  • 3.2 Romer and Lucas: Human Capital as an Engine of Endogenous Growth
  • 3.3 Investment in Education and Research & Development
  • 3.4 Spillovers and Externalities of Human Capital Accumulation
  • 3.5 Human Capital and Income Convergence/Divergence

Part II: New Evidence and Methodological Innovations

Chapter 4: Measuring Human Capital: Challenges and Solutions

  • 4.1 Traditional Measures: Years of Schooling, Experience
  • 4.2 Beyond Years: Skills Assessments, Cognitive Test Scores, Competencies
  • 4.3 Measuring Non-Cognitive Skills and Character Traits
  • 4.4 Data Sources and Methodological Innovations in Measurement
  • 4.5 Addressing Measurement Error and Bias

Chapter 5: Returns to Education: Re-Examining the Evidence

  • 5.1 Quantile Regressions and Heterogeneity in Returns
  • 5.2 The Causal Impact of Education: Natural Experiments and Quasi-Experimental Designs
  • 5.3 Returns to Different Levels and Types of Education (Vocational, Higher Ed)
  • 5.4 Private vs. Social Returns to Education
  • 5.5 Education and Non-Monetary Outcomes

Chapter 6: On-the-Job Training, Experience, and Skill Obsolescence

  • 6.1 Formal and Informal Training in the Workplace
  • 6.2 Learning by Doing and Experience Accumulation
  • 6.3 The Depreciation and Obsolescence of Skills
  • 6.4 Lifelong Learning and Reskilling in a Dynamic Economy
  • 6.5 Returns to Experience Across Different Occupations and Industries

Part III: Human Capital in Broader Contexts

Chapter 7: Health as Human Capital: Investment and Returns

  • 7.1 Health as a Component of Human Capital
  • 7.2 The Interplay of Health, Education, and Labor Market Outcomes
  • 7.3 Investment in Health Capital: Prevention, Healthcare, Lifestyle
  • 7.4 Health Shocks and Human Capital Depreciation
  • 7.5 Policy Implications for Health and Productivity

Chapter 8: Human Capital and Inequality

  • 8.1 Human Capital Accumulation and Income Distribution
  • 8.2 Intergenerational Transmission of Human Capital
  • 8.3 The Role of Family Background and Early Childhood Development
  • 8.4 Human Capital and the Widening Wage Gap
  • 8.5 Policies to Address Human Capital Inequality

Chapter 9: Migration, Globalization, and Human Capital Mobility

  • 9.1 The Brain Drain and Brain Gain Phenomenon
  • 9.2 Returns to Human Capital in Different Countries
  • 9.3 Skill Mismatch and Integration Challenges for Migrants
  • 9.4 The Impact of Human Capital Mobility on Sending and Receiving Countries
  • 9.5 Policy on Skilled Migration and Talent Attraction

Chapter 10: Technology, Automation, and the Future of Human Capital

  • 10.1 The Impact of Automation on Demand for Skills
  • 10.2 Skill-Biased Technological Change Revisited
  • 10.3 The Complementarity vs. Substitutability of Technology and Human Capital
  • 10.4 The Importance of Adaptability and Creativity in the Digital Age
  • 10.5 Policy Responses: Education Reform, Lifelong Learning Initiatives

Part IV: Policy Implications and Future Research

Chapter 11: Public Policy and Human Capital Development

  • 11.1 Education Policy: From Early Childhood to Higher Education
  • 11.2 Labor Market Policies: Training, Retraining, Active Labor Market Programs
  • 11.3 Health Policy and Human Capital Investment
  • 11.4 Innovation Policy and Its Connection to Human Capital
  • 11.5 Cross-Country Lessons in Human Capital Development

Chapter 12: Concluding Remarks and Open Questions

  • Synthesizing the Advances in Human Capital Theory and Evidence
  • Remaining Puzzles and Methodological Challenges
  • New Research Agendas for the Next Decade
  • The Enduring Importance of Investing in People

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Tags: Joop Hartog, Henriette Maassen van den Brink, Human, Capital