DIFFICULTIES IN THE QUANTIFICATION OF HUMAN CAPITAL

Irina Zgreabăn, Rodica Gherghina and Postole Anca ()
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Irina Zgreabăn: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 194-200

Abstract: In our opinion, the quantification of human capital is a complex process faced with difficulties. The research starts with the standard measure of human capital – the number of years of schooling – and elaborates a brief analysis of the shortcomings of its quantification. Among these, there are highlighted the differences in the quality of schooling, unreflected by the number of years of schooling, th difficulty of quantifying symbolic capital and informal education, the role of cognitive skills and that of the innate ones, etc. By the research undertaken, the authors advocate for supporting a new paradigm for the conceptualization and quantification of human capital in order to provide a better foundation of educational policies.

Keywords: human capital; quantification; difficulties; education; educational policies. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:194-200

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