Sentence examples for human capital framework from inspiring English sources
It is particularly suited for the analysis of the relation between episodes of work absence and wages in a human capital framework primarily for three reasons.
Within the human capital framework, the coefficients are interpreted as net returns during work and net depreciation rates due to the incidence of work absence.
Age is used as the instrument, following Hansen and Wahlberg (2000) who suggest that once control for actual work experience is included in the wage equation, age is not predicted to be a determinant of wages in the human capital framework.
Therefore, the human capital framework enables us to examine the impact of CFS on the ability to work and, given work, on pay.
The estimated effect of CFS on worker productivity and employment is based on a "human capital" framework, in which an individual's earnings are influenced by their education and experience.
This model was extended by introducing a third sector (investments in human capital) to a framework of decisions over time and to investment in human capital.
Following original insights provided by the pioneering work of M. Friedman, T. W. Schultz, and Jacob Mincer, Becker turned human capital into a framework for understanding several aspects of lifetime human behaviour, providing an effective and powerful example of the ability of economics to deal with social issues.
The remainder of this paper is organized as follows: Sect. 2 outlines the theoretical framework behind development accounting, and we explain how our multidimensional measure of human capital fits into this framework.
For Becker, human capital increasingly became a framework to understand several aspects of human behaviour, providing an effective and powerful example of the ability of economics to deal with social issues.
In the Sustainable Livelihoods Framework, human capital represents the skills, knowledge, ability to labour and good health that enable people to pursue livelihood activities [ 22].
