Non-growth Paths of Human-capital Accumulation

Z. M. Kubinski
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Z. M. Kubinski: University of Calgary

Chapter 15 in Human Resources, Employment and Development, 1983, pp 187-196 from Palgrave Macmillan

Abstract: Abstract The theory of the optimal behaviour of the individual as investor in human capital postulates that to produce realised (observed) earnings, he must accumulate a stock of human capital and rent its services in the market-place. The stock comprises intangible human assets such as formal knowledge (Schultz, 1959, 1961, 1963), ‘on-the-job’ skills and experience (Mincer, 1958, 1962), health (Mushkin, 1962), mobility (Sjaastad, 1962), market information (Stigler, 1962), attitudes and so on. Its formation entails costs which are incurred by himself, his parents, his employer and society.

Keywords: Human Capital; Consumption Expenditure; Public Welfare; Initial Stock; Potential Earning (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-22741-9_15

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