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On Human Capital and Individual Capabilities

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  • Joop Hartog

Abstract

Starting out from a simple conceptual framework running from initial individual abilities to skills produced in school to the utilization of these skills in the labor market, this paper surveys empirical studies in labor economics, economics of education and occupational psychology to assess the empirical strength of the links between these sets of variables. Cognitive and non‐cognitive abilities are relevant for economic success, but make a modest contribution. Occupational psychology is complementary to economics and supports the notion of interlocking heterogeneity of individuals and jobs.

Suggested Citation

  • Joop Hartog, 2001. "On Human Capital and Individual Capabilities," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 47(4), pages 515-540, December.
    • Handle: RePEc:bla:revinw:v:47:y:2001:i:4:p:515-540
    DOI: 10.1111/1475-4991.00032
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    Citations

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    Cited by:

    1. Dohmen, Thomas, 2014. "Behavioral labor economics: Advances and future directions," Labour Economics, Elsevier, vol. 30(C), pages 71-85.
    2. Hartog, Joop & Raposo, Pedro, 2017. "Are starting wages reduced by an insurance premium for preventing wage decline? Testing the prediction of Harris and Holmstrom (1982)," Labour Economics, Elsevier, vol. 48(C), pages 105-119.
    3. Gawrycka, Małgorzata & Kujawska, Justyna & Tomczak, Michał T., 2021. "Self-assessment of competencies of students and graduates participating in didactic projects – Case study," International Review of Economics Education, Elsevier, vol. 36(C).
    4. Arnaud Dupuy, 2015. "The Assignment of Workers to Tasks with Endogenous Supply of Skills," Economica, London School of Economics and Political Science, vol. 82(325), pages 24-45, January.
    5. Schweri, Juerg & Hartog, Joop & Wolter, Stefan C., 2011. "Do students expect compensation for wage risk?," Economics of Education Review, Elsevier, vol. 30(2), pages 215-227, April.
    6. Joop Hartog & Mirjam Van Praag & Justin Van Der Sluis, 2010. "If You Are So Smart, Why Aren't You an Entrepreneur? Returns to Cognitive and Social Ability: Entrepreneurs Versus Employees," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(4), pages 947-989, December.
    7. Luis Diaz-Serrano & Joop Hartog & William Nilsson & Hans van Ophem & Po Yang, 2016. "Student Earnings Expectations: Heterogeneity or Noise?," CESifo Working Paper Series 6110, CESifo.
    8. Hartog, Joop & Vijverberg, Wim P.M., 2007. "On compensation for risk aversion and skewness affection in wages," Labour Economics, Elsevier, vol. 14(6), pages 938-956, December.
    9. Andrea Bonaccorsi & Daniele Biancardi & Mabel Sanchez Barrioluengo & Federico Biagi, 2019. "Study on Higher Education Institutions and Local Development," JRC Research Reports JRC117272, Joint Research Centre.
    10. repec:kap:iaecre:v:11:y:2005:i:1:p:93-109 is not listed on IDEAS
    11. Lourdes Badillo-Amador & Antonio García-Sánchez & Luis Vila, 2005. "Mismatches in the Spanish Labor Market: Education vs. Competence Match," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(1), pages 93-109, February.
    12. Teijeiro, Mercedes & Rungo, Paolo & Freire, Mª Jesús, 2013. "Graduate competencies and employability: The impact of matching firms’ needs and personal attainments," Economics of Education Review, Elsevier, vol. 34(C), pages 286-295.
    13. Joop Hartog & Mirjam van Praag & Justin van der Sluis, 2008. "If you are so smart, why aren't you an Entrepreneur?," Tinbergen Institute Discussion Papers 08-073/3, Tinbergen Institute.
    14. Joan Costa Font & Joan Gil Trasfi, 2007. "Generational Effects on Adult Height in Contemporary Spain: Exploring Gender and Individual Heterogeneity," Working Papers in Economics 169, Universitat de Barcelona. Espai de Recerca en Economia.

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