The Oxford Handbook of Human Capital 2011
DOI: 10.1093/oxfordhb/9780199532162.003.0026
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The Future of Human Capital

Abstract: This article assesses the future of human capital (HC) in organizations from an industrial-relations perspective. It notes that, paradoxically, while HC has grown in importance in the shift to a knowledge-based economy, the externalization of work that has accompanied this shift and the consequent weakening of labour market institutions has reduced incentives and pressures on firms to invest in people. The article suggests that this is a case of market failure. Resolving this paradox requires firms as well as … Show more

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Cited by 5 publications
(1 citation statement)
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“…HCT examine the economic value of education where students are invested in through formal education to increase their value. Human capital is defined as people, their potential and performance in the organisation (Kochan & Litwin, 2003). It is the 'knowledge, information, ideas, skills, and health of individuals'.…”
Section: Theoretical Underpinningmentioning
confidence: 99%
“…HCT examine the economic value of education where students are invested in through formal education to increase their value. Human capital is defined as people, their potential and performance in the organisation (Kochan & Litwin, 2003). It is the 'knowledge, information, ideas, skills, and health of individuals'.…”
Section: Theoretical Underpinningmentioning
confidence: 99%