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Explaining human capital composition and formation mechanisms: a new conceptual framework of analysis

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  • Tamilina, Larysa

Abstract

This paper summarizes the existing definitions of human capital from theoretical debates and empirical surveys and argues for the need to revise how human capital composition and formation processes are currently understood. A new framework is introduced to present human capital as a complex phenomenon consisting of five main elements: genetics, personality, motivation, knowledge, and skills. According to this conceptual framework, knowledge and skill formation both occur through learning and being exposed to challenging work environments.

Suggested Citation

  • Tamilina, Larysa, 2012. "Explaining human capital composition and formation mechanisms: a new conceptual framework of analysis," MPRA Paper 49820, University Library of Munich, Germany, revised 01 Sep 2013.
    • Handle: RePEc:pra:mprapa:49820
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    File URL: https://mpra.ub.uni-muenchen.de/49820/1/MPRA_paper_49820.pdf
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    References listed on IDEAS

    as
    1. Gang Liu, 2011. "Measuring the Stock of Human Capital for Comparative Analysis: An Application of the Lifetime Income Approach to Selected Countries," OECD Statistics Working Papers 2011/6, OECD Publishing.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    human capital; knowledge formation; skill acquisition; human capital formation process;
    All these keywords.

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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