IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/61800.html
   My bibliography  Save this paper

Integrating Human Capital and Human Capabilities in Understanding the Value of Education

Author

Listed:
  • Chiappero-Martinetti, Enrica
  • Sabadash, Anna

Abstract

The aim of this chapter is to investigate the possibility of combining human capital theory and the capability approach in order to better understand and measure both the instrumental and the intrinsic values of education for individuals, and to trace its relative spillover effects on societies. This chapter discusses a combined human capital - capability approach as a possibility for working with a broader information space in assessing the value of education. It presents three integrated sections discussing the role and value of education for human well-being. The first section reviews the most significant attempts to define and measure education from a human capital (HC) perspective. The second is focussed on education and human capabilities and considers those aspects and empirical facts that are not fully encompassed within or justified by the HC perspective. The third section argues that human capital and the capabilities paradigms can complement each other in measuring the value of education, and discusses some methodological challenges and empirical features associated with this combined view.

Suggested Citation

  • Chiappero-Martinetti, Enrica & Sabadash, Anna, 2014. "Integrating Human Capital and Human Capabilities in Understanding the Value of Education," MPRA Paper 61800, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:61800
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/61800/1/MPRA_paper_61800.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tania Burchardt, 2009. "Agency Goals, Adaptation and Capability Sets," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 10(1), pages 3-19.
    2. Comim,Flavio & Qizilbash,Mozaffar & Alkire,Sabina (ed.), 2008. "The Capability Approach," Cambridge Books, Cambridge University Press, number 9780521862875.
    3. Paul A David (with the assistance of John Gabriel Goddard Lopez), 2000. "Knowledge, Capabilities and Human Capital Formation in Economic Growth," Treasury Working Paper Series 01/13, New Zealand Treasury, revised 10 Apr 2001.
    4. Brahim Boudarbat & Thomas Lemieux & W. Craig Riddell, 2010. "The Evolution of the Returns to Human Capital in Canada, 1980-2005," Canadian Public Policy, University of Toronto Press, vol. 36(1), pages 63-89, March.
    5. Robert H. Haveman & Barbara L. Wolfe, 1984. "Schooling and Economic Well-Being: The Role of Nonmarket Effects," Journal of Human Resources, University of Wisconsin Press, vol. 19(3), pages 377-407.
    6. Bruze, Gustaf, 2010. "Male and Female Marriage Returns to Schooling," Working Papers 10-17, University of Aarhus, Aarhus School of Business, Department of Economics.
    7. Ingrid Robeyns, 2005. "The Capability Approach: a theoretical survey," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 6(1), pages 93-117.
    8. Robert L. Clark & Linda S. Ghent & Ann A. McDermed, 2006. "Pension Plan Choice among University Faculty," Southern Economic Journal, John Wiley & Sons, vol. 72(3), pages 560-577, January.
    9. Gustaf Bruze, 2015. "Male And Female Marriage Returns To Schooling," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56, pages 207-234, February.
    10. Marion Young, 2009. "Basic Capabilities, Basic Learning Outcomes and Thresholds of Learning," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 10(2), pages 259-277.
    11. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, March.
    12. Ingrid Robeyns, 2003. "Sen'S Capability Approach And Gender Inequality: Selecting Relevant Capabilities," Feminist Economics, Taylor & Francis Journals, vol. 9(2-3), pages 61-92.
    13. Jeanne Lafortune, 2013. "Making Yourself Attractive: Pre-marital Investments and the Returns to Education in the Marriage Market," American Economic Journal: Applied Economics, American Economic Association, vol. 5(2), pages 151-178, April.
    14. Samuel Bowles & Herbert Gintis & Melissa Osborne, 2000. "The Determinants of Earnings: Skills, Preferences, and Schooling," UMASS Amherst Economics Working Papers 2000-07, University of Massachusetts Amherst, Department of Economics.
    15. Dagum, Camilo & Slottje, Daniel J., 2000. "A new method to estimate the level and distribution of household human capital with application," Structural Change and Economic Dynamics, Elsevier, vol. 11(1-2), pages 67-94, July.
    16. Martha Nussbaum, 2006. "Education and Democratic Citizenship: Capabilities and Quality Education," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 7(3), pages 385-395.
    17. Polachek, Solomon William, 1981. "Occupational Self-Selection: A Human Capital Approach to Sex Differences in Occupational Structure," The Review of Economics and Statistics, MIT Press, vol. 63(1), pages 60-69, February.
    18. Martha Nussbaum, 2003. "Capabilities As Fundamental Entitlements: Sen And Social Justice," Feminist Economics, Taylor & Francis Journals, vol. 9(2-3), pages 33-59.
    19. Patrizia Ordine & Giuseppe Rose, 2009. "Higher Education Quality, Opportunity Costs and Labor Market Outcomes," Rivista italiana degli economisti, Società editrice il Mulino, issue 2, pages 267-292.
    20. Trinh Le & John Gibson & Les Oxley, 2005. "Measures of human capital: A review of the literature," Treasury Working Paper Series 05/10, New Zealand Treasury.
    21. Tao, Hung-Lin & Stinson, Thomas F., 1997. "An Alternative Measure of Human Capital Stock," Bulletins 7466, University of Minnesota, Economic Development Center.
    22. William A. Darity Jr., 1982. "The Human Capital Approach to Black-White Earnings Inequality: Some Unsettled Questions," Journal of Human Resources, University of Wisconsin Press, vol. 17(1), pages 72-93.
    23. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    24. Daly, Mary C. & Buchel, Felix & Duncan, Greg J., 2000. "Premiums and penalties for surplus and deficit education: Evidence from the United States and Germany," Economics of Education Review, Elsevier, vol. 19(2), pages 169-178, April.
    25. Bénédicte Gendron, 2004. "Why emotional capital matters in education and in labour? toward an Optimal exploitation of human capital and knowledge management," Cahiers de la Maison des Sciences Economiques r04113, Université Panthéon-Sorbonne (Paris 1).
    26. Sen, Amartya, 1997. "Editorial: Human capital and human capability," World Development, Elsevier, vol. 25(12), pages 1959-1961, December.
    27. Michael Grossman, 1999. "The Human Capital Model of the Demand for Health," NBER Working Papers 7078, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eger, Claudia & Miller, Graham & Scarles, Caroline, 2018. "Gender and capacity building: A multi-layered study of empowerment," World Development, Elsevier, vol. 106(C), pages 207-219.
    2. Valeria Pandolfini, 2021. "Fostering the professional capital of teachers in digital capabilities," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(12), pages 455-461, December.
    3. Yogesh Ghore & Brad Long & Zeynep Ozkok & Derin Derici, 2023. "Rethinking human capital: Perspectives from women working in the informal economy," Development Policy Review, Overseas Development Institute, vol. 41(5), September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guarini, Giulio & Laureti, Tiziana & Garofalo, Giuseppe, 2018. "Territorial and individual educational inequality: A Capability Approach analysis for Italy," Economic Modelling, Elsevier, vol. 71(C), pages 247-262.
    2. Les OXxley & Ttrinh Le & John Gibson, 2008. "Measuring Human Capital: Alternative Methods and International Evidence," Korean Economic Review, Korean Economic Association, vol. 24, pages 283-344.
    3. repec:cmj:networ:y:2013:i:1:p:12-25 is not listed on IDEAS
    4. Veronika V. Eberharter, 2018. "Capability Deprivation, and the Intergenerational Transmission of Social Disadvantages—Empirical Evidence from Selected Countries," Social Sciences, MDPI, vol. 7(12), pages 1-22, December.
    5. Mohammad Abu-Zaineh & Maame Esi Woode, 2018. "Investigating the Dimensions of Youth Wellbeing: An Exploratory Structural Equation Modelling Approach Applied to Palestine," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 11(1), pages 57-78, February.
    6. Sylvain K Cibangu, 2018. "Misunderstandings of Capability Approach: Towards Paradigm Pluralism," Journal of Social and Development Sciences, AMH International, vol. 9(2), pages 54-72.
    7. Hamid Hasan, 2019. "Confidence in Subjective Evaluation of Human Well-Being in Sen’s Capabilities Perspective," Journal of Happiness Studies, Springer, vol. 20(1), pages 1-17, January.
    8. Suqin Ge & Elliott Isaac & Amalia Miller, 2022. "Elite Schools and Opting In: Effects of College Selectivity on Career and Family Outcomes," Journal of Labor Economics, University of Chicago Press, vol. 40(S1), pages 383-427.
    9. Bálint BALOGH, 2013. "How To Measure Human Capital: A Short Review," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 1, pages 21-36, July.
    10. Antoinette Baujard & Muriel Gilardone, 2017. "Sen is not a capability theorist," Journal of Economic Methodology, Taylor & Francis Journals, vol. 24(1), pages 1-19, January.
    11. Adam M. Lavecchia & Philip Oreopoulos & Robert S. Brown, 2020. "Long-Run Effects from Comprehensive Student Support: Evidence from Pathways to Education," American Economic Review: Insights, American Economic Association, vol. 2(2), pages 209-224, June.
    12. Costantini, Valeria & Monni, Salvatore, 2009. "Gender disparities in the Italian regions from a human development perspective," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(2), pages 256-269, March.
    13. Chiappero-Martinetti, Enrica & Moroni, Stefano, 2007. "An analytical framework for conceptualizing poverty and re-examining the capability approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(3), pages 360-375, June.
    14. Michaela Fuchs & Anja Rossen & Antje Weyh & Gabriele Wydra‐Somaggio, 2021. "Where do women earn more than men? Explaining regional differences in the gender pay gap," Journal of Regional Science, Wiley Blackwell, vol. 61(5), pages 1065-1086, November.
    15. Tomasz Panek & Jan Zwierzchowski, 2022. "Examining the Degree of Social Exclusion Risk of the Population Aged 50 + in the EU Countries Under the Capability Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(3), pages 973-1002, October.
    16. Blomquist, Glenn C. & Coomes, Paul A. & Jepsen, Christopher & Koford, Brandon C. & Troske, Kenneth R., 2014. "Estimating the social value of higher education: willingness to pay for community and technical colleges," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 5(1), pages 3-41, January.
    17. Solomon Polachek, 2003. "Mincer's Overtaking Point and the Life Cycle Earnings Distribution," Review of Economics of the Household, Springer, vol. 1(4), pages 273-304, December.
    18. Tim Leunig & Maria Stanfors, 2010. "Piece-rates and prosperity: evidence from the late nineteenth-century tobacco industry," Working Papers 10003, Economic History Society.
    19. Gasper, D.R., 2006. "What is the capability approach?: its core, rationale, partners and dangers," ISS Working Papers - General Series 19187, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    20. Jim Davies, "undated". "Empirical Evidence on Human Capital Externalities," Working Papers-Department of Finance Canada 2003-11, Department of Finance Canada.
    21. Jürgen Volkert & Friedrich Schneider, 2011. "The Application of the Capability Approach to High-Income OECD Countries: A Preliminary Survey," CESifo Working Paper Series 3364, CESifo.

    More about this item

    Keywords

    education; human capital; capabilties;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D60 - Microeconomics - - Welfare Economics - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:61800. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.