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Explaining human capital composition and formation mechanisms: a new conceptual framework of analysis

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  • Tamilina, Larysa
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    Abstract

    This paper summarizes the existing definitions of human capital from theoretical debates and empirical surveys and argues for the need to revise how human capital composition and formation processes are currently understood. A new framework is introduced to present human capital as a complex phenomenon consisting of five main elements: genetics, personality, motivation, knowledge, and skills. According to this conceptual framework, knowledge and skill formation both occur through learning and being exposed to challenging work environments.

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    File URL: http://mpra.ub.uni-muenchen.de/49820/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49820.

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    Date of creation: 01 Sep 2012
    Date of revision: 01 Sep 2013
    Handle: RePEc:pra:mprapa:49820

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    Related research

    Keywords: human capital; knowledge formation; skill acquisition; human capital formation process;

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    1. David H. Autor & Frank Levy & Richard J. Murnane, 2001. "The Skill Content of Recent Technological Change: An Empirical Exploration," NBER Working Papers 8337, National Bureau of Economic Research, Inc.
    2. Lanzi, Diego, 2007. "Capabilities, human capital and education," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(3), pages 424-435, June.
    3. Gang Liu, 2011. "Measuring the Stock of Human Capital for Comparative Analysis: An Application of the Lifetime Income Approach to Selected Countries," OECD Statistics Working Papers 2011/6, OECD Publishing.
    4. Alexandra Spitz-Oener, 2006. "Technical Change, Job Tasks, and Rising Educational Demands: Looking outside the Wage Structure," Journal of Labor Economics, University of Chicago Press, vol. 24(2), pages 235-270, April.
    5. Gathmann, Christina & Schönberg, Uta, 2007. "How General Is Human Capital? A Task-Based Approach," IZA Discussion Papers 3067, Institute for the Study of Labor (IZA).
    6. Petra E. Todd & Kenneth I. Wolpin, 2003. "On The Specification and Estimation of The Production Function for Cognitive Achievement," Economic Journal, Royal Economic Society, vol. 113(485), pages F3-F33, February.
    7. Mincer, Jacob, 1997. "The Production of Human Capital and the Life Cycle of Earnings: Variations on a Theme," Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages S26-47, January.
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