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Specifically, both men and women get utility from human capital, (h), of both sons and daughters.
This finding is not consistent with predictions from human capital theory.
First, formal jobs could require higher human capital, and older individuals suffer from human capital depreciation.
Consequently, the gains from human capital acquisition might be offset by losses of motivation.
It is different from human capital that is what you are, social capital that is who you know.
Current beneficiaries are even more likely than applicants to suffer from human capital depreciation and weakened social and employment networks, resulting in larger barriers to employment.
Similar(41)
In this study, the use of a modified friction cost method (described in detail in Supplementary Data S1) likely results in a smaller estimate than one resulting from a human capital valuation, which values the worker's lost productivity from the date of death until the expected age of retirement (Tranmer et al., 2005).
"The sector suffers from pervasive human capital destruction.
They welcome investment in training, given the spillovers from increased human capital investment.
In the jargon of the researchers, the demands of raising children may be preventing mothers from accumulating "human capital," the skills, education, connections, and experience necessary for success in the workforce.
From a human capital theory perspective, firms will adapt their production process to changes in the relative supply of labour.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com