Human Capital¶
Becker, G. S. (1964). Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. Columbia University Press.
Cited by¶
3 citations across 3 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Maintenance
- In the military, "training" is a form of maintenance that keeps personnel and systems sharp despite absence of active conflict, an investment Becker (1964) framed economically as preservation of human capital that depreciates without active use.
This sourceFoundational economic theory of human capital: training and continuing practice as investment that preserves skill capacity, which depreciates without active maintenance.
- In the military, "training" is a form of maintenance that keeps personnel and systems sharp despite absence of active conflict, an investment Becker (1964) framed economically as preservation of human capital that depreciates without active use.
- Relationship Specific Investment
- Lock-in describes the trap; the prime names what builds it. Not specialization (see Specialization). Specialization narrows capability along a substantive dimension — a specialist is productive at any counterparty needing the specialty;
This sourceDistinguishes firm-specific from general human capital, the labor-market case of relationship-specificity versus generic specialization.
- Lock-in describes the trap; the prime names what builds it. Not specialization (see Specialization). Specialization narrows capability along a substantive dimension — a specialist is productive at any counterparty needing the specialty;
Domain-specific¶
- Human Capital
- The structural commitment, developed by Becker (1964) and Mincer (1958), is to import the accounting logic of physical capital — expenditure now produces a durable asset whose future service flows must be discounted to compare with the investment cost — and apply it to embodied human capabilities
Supported in partVerified against the source
- The structural commitment, developed by Becker (1964) and Mincer (1958), is to import the accounting logic of physical capital — expenditure now produces a durable asset whose future service flows must be discounted to compare with the investment cost — and apply it to embodied human capabilities
Verification¶
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