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Capabilities and Skills

Listed author(s):
  • Heckman, James J.

    ()

    (University of Chicago)

  • Corbin, Chase O.

    ()

    (Center for the Economics of Human Development (CEHD))

This paper discusses the relevance of recent research on the economics of human development to the work of the Human Development and Capability Association. The recent economics of human development brings insights about the dynamics of skill accumulation to an otherwise static literature on capabilities. Skills embodied in agents empower people. Enhanced skills enhance opportunities and hence promote capabilities. We address measurement problems common to both the economics of human development and the capability approach. The economics of human development analyzes the dynamics of preference formation, but is silent about which preferences should be used to evaluate alternative policies. This is both a strength and a limitation of the approach.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 10005.

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Length: 32 pages
Date of creation: Jun 2016
Handle: RePEc:iza:izadps:dp10005
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