Human Capital Theory - 2100 Words

To what extent can Human Capital Theory provide a plausible explanation for inequalities in the labour market? Illustrate your answer with examples of labour-market segmentation tied to race or gender or social class. Introduction: Human capital theory can be identified as studies of organisations, individuals or nations which accumulates stock of productive skills and technical knowledge from study of investments (Becker, 1964).By following the judgement of human capital theory it can be said that it represents a path for the individual to develop his or her charisma to the labour market .Human capital theory is used as a analysis of theoretical frame , development of competence , formal education and job tenure probably are the†¦show more content†¦Provisions such as results in working women or women workers being left with the last option that is into dead-end jobs, although first to lay off but still paid low wages, This overcome women’s incentive to remain in labour force to human capital. Treatment for the married workers in the family can be strengthen the traditional specialization of labour with in the statistical discrimination and household .From the perspective of Cigno (1994) there is existence of gender biases in various forms, more often in family treatment as a tax creates disincentives to work for women and taxation due to joint tends women to stay at home rather than separate taxation due to the higher marginal taxes that the earnings of worker which is considered secondary or usually, the wife attract .taxation if separated may increase incentives of women while working and might result in greater participation as compare to the husband in domestic activities. Apart from this area Gustaffson (1995) believed that divorce laws not to oblige fathers to support their children. Additionally, the financial ability was lacked by women to access the courts .while enabled legal provisions that equal sharing of responsibilities and child care among parents, on work constraints women’s are relaxed and eased so poverty declined among mothers for an example authorities in Sweden serious attempts are made to identify the fathers to make them share the cost of finance for the childShow MoreRelatedHuman Capital Theory Vs. Theory Essay1500 Words   |  6 PagesEconomists have debated over Human Capital Theory versus Signaling Theory for years. Whilst differences have been analysed, limitations in these attempts have continued this long running debate. However, it is clear that as an individual receives higher education, their ability to attain higher earnings increases. The question now that must be acknowledged, is why individuals with a higher ed ucation attain higher earnings? Human Capital Theory suggests that the economic value of individuals withinRead MoreThe Theory Of Human Capital Management1224 Words   |  5 Pagesdefinitions and ideas associated with the Human Capital Management concept in a variety of disciplines including economics, accounting, human resource management (HRM), and intellectual capital. (Cited - Posted by: Margaret Rouse) Human capital management (HCM) refers to an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment. The concept of Human Capital (HC) was first formulated by NobelRead MoreThe Human Capital Theory Of Career Success868 Words   |  4 Pageseducation, numerous years of experience, and personal traits of leadership through quality, communication, and drive. This way of reaching such high status is referred as the â€Å"human capital† theory of career success. The human capital theory theoriz es that individuals with time, make effort, and have individual assets, or human capital such as education, experience, skills, and personal characteristics, adds to the job (Branin, 2009). Then there are organizational barriers. These obstacles refer to theRead MoreThe Human Capital Theory Of The United States1363 Words   |  6 Pagesthis mindset. Therefore, the goal of education should not entirely be to create productive workers; It poses limits such as schools becoming factories and money not always bring growth. The biggest idea behind this shift in thinking is the Human Capital Theory which aims to develop a strong and competitive economy. The quickest pathway to achieving this goal is through education, some advocates see this as creating productive workers to strengthen the economy. In a pamphlet by the British LabourRead MoreHuman Capital Theories Consult With The Education Information Training1579 Words   |  7 PagesHuman capital theories consult with the education information training revel in or skill of someone which makes them doubtlessly valuable to an employer. This has traditionally been understood as a cause of the gendered wage hole but is now not a foremost cause as women and men in positive occupations generally tend to have comparable education tiers or different credentials. Even when such traits of jobs and workers are managed for the presence of girls within a positive career ends in lower wagesRead MoreThe Rate Of Return On Education : Human Capital Theory And Signall ing Models1873 Words   |  8 PagesIntroduction The aims of this section are to outline the main theoretical approaches that underpin the rates of return on education – human capital theory and signalling models, together with reviewing the empirical literature on the topic based on such theory and the estimation issues encountered in section one. The section starts by introducing the underlying theory explaining the typical modelling attempts that take place at both the macro and microeconomic levels. Background Causal effects ofRead MoreIntellectual Capital And Corporate Performance In Nigeria1690 Words   |  7 PagesINTELLECTUAL CAPITAL AND CORPORATE PERFORMANCE IN NIGERIA BANKS Dr.Egungwu, Ikenna Banking Finance Department, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria E-mail: ikennaegungwu@yahoo.com Egungwu, Ngozi Ursula Accountancy Department, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria E-mail: ngoziegungwu@yahoo.com Abstract This study is on the interaction between corporate performance variables and Intellectual capital effectivenessRead MoreProfessional Capital : Transforming Teaching1149 Words   |  5 Pagesbook Professional Capital: Transforming Teaching in Every School renowned educators Andy Hargreaves and Michael Fullan set out to transform the future of teaching and public education by proposing the idea and importance of investing in Professional Capital. According to Merriam-Webster dictionary, capital is defined as â€Å"Relating to or being assets that add to long-term net worth.† The autho s notion of Professional Capital lies upon the integration of three kinds of capital – human, social, and decisionalRead MoreHuman Capital Management Is Important For An Organization Essay1271 Words   |  6 PagesHuman capital is the stock of knowledge, habits, social and personalty personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. Until we develop artificial intelligence, we pretty much need human capital to accomplish anything in the word today. It takes human capital to create some other forms of capital. While a machine may eliminate the need to have hundreds of production workers make stuff, it still took human capital to design andRead MoreSpences Theory of Signaling786 Words   |  3 PagesSpence, in his development of the theory of signaling, indicates closely ties the uptake of education. This is mandatory because an achievement of valid credentials is essential when sending a signal to the prospective employer or buyer. This theory looks at education as an individual’s effort regardless of the cost of attaining the credentials that form the basis for the trust between the sender of the interest signal and the recipient. In developing his theory Spence makes numerous foundational