Through the process of social exchange, the investment in human capital improves employees' perception of organizational support, thus enhancing the level of organizational commitment (Gittell et al. 2009).
Our interpretation is supported by the fact that there is less intergenerational mobility also within comparatively homogenous ethnic groups and that ethnic groups with relatively low intergenerational earnings mobility, i.e. relatively high degree of intergenerational transmission of human capital, improve their labor market position in the second generation.
Pakistan still faces formidable challenges (political, attitudinal and policy) to fully develop human capital, improve investment and increase productivity by bringing the economy to a rate achieved in earlier decades, i.e. an annual growth of 5% or more, to significantly reduce poverty [ 34].
The short term benefits include, reduced morbidity and mortality, and improved cognitive development, while long term benefits include improved human capital and improved reproductive outcomes in women.
Investing more in human capital via improved education and training took a back seat to the drug war.
This means that countries respecting the Abuja declaration turn to enjoy faster economic growth because the quality of their human capital is improved by increased health expenditure.
Economic policies that enhance human capital by improving the health and nutrition of a population, improving access to, and the quality of education, and preventing child maltreatment, contribute significantly to the fiscal well-being of countries".
To face these new challenges, Panama must increase its stock of human capital by improving the quality of education, which is among the lowest in the world.
"People are trying to build their human capital and improve their skills to compete in this tough labor market," said Gordon W. Green, co-author of the report and a partner at Sentier.
The Inequality Piketty Didn't Examine: It Starts in Womb in U.S. Equalizing the distribution of human capital through improving literacy and developing math and cognitive skills offers a more immediate way to chip away at, though not solve, wealth inequality, Robert Solow, a 1987 Nobel laureate and an MIT professor emeritus in economics, said in an interview.
To achieve this goal of human capital building, improving the access and quality of the education system at all levels was identified as one of the critical strategies.
