Our theoretical derivation of human capital indicators is rooted in economics,
and more specifically in labor economics (e.g., Becker, 1962, 1993; Carneiro
and Heckman, 2003). Fig. 1 illustrates the principal components involved in a
definition of human capital, as advanced in the labor economics literature.
These include schooling (or education); job training (on and off-the-job training),
competitive information and intelligence about the competitors’ products,
business processes and strategies, and finally health and medical care and wellness
programs.
Our theoretical derivation of human capital indicators is rooted in economics,and more specifically in labor economics (e.g., Becker, 1962, 1993; Carneiroand Heckman, 2003). Fig. 1 illustrates the principal components involved in adefinition of human capital, as advanced in the labor economics literature.These include schooling (or education); job training (on and off-the-job training),competitive information and intelligence about the competitors’ products,business processes and strategies, and finally health and medical care and wellnessprograms.
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