Human Capital
Theoretical and Empirical Insights
Bibliographic Data
| ID | 2806307 |
|---|---|
| Authors | Germana Bottone (corresponding author), Vania Sena (Aston University) |
| Year | 2011 |
| Volume | 70 |
| Issue | 2 |
| Pages | 401-423 |
| Publication date | 2011-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.2011.00781.x |
| OpenAlex | W1579547230 |
| Language | EN |
| Citations received | 5 |
| References cited | 22 |
There is nothing more difficult to plan, more Doubtful of success, nor more dangerous to manage Than the creation of a new system. For the initiator has the enmity of all who would Profit by the preservation of the old system, and Merely lukewarm defenders in those who should gain By the new one. N. Machiavelli (1513) AbstractThe purpose of this paper is twofold. First, we want to challenge the notion of "human capital" as "education, training and work experience" and suggest that it is the "quality of the workforce" that matters, here defined as the set of characteristics that allow workers to function in a specific institutional and historical context. Our main conclusion is that the quality of the workforce is affected by the institutional environment where the workers live and that therefore it can vary across countries and institutional contexts. Second, we want to show the empirical relevance of this last point by testing the extent to which the quality of institutions (here proxied by the governance indicators of Kaufmann et al. (2007)) can affect the quality of the workforce (proxied by the percentage of the working age population registered in a lifelong learning program). Our empirical analysis is conducted on a data-set of 11 European countries observed over the period 1996-2006. The results indicate that countries with better governance indicators are also endowed with a more qualified workforce
Business · Context (archaeology) · Corporate governance · Economic growth · Economics · Empirical research · Geography · Human capital · Lifelong learning · Political science · Population · Quality (philosophy) · Sociology · Statistics · Workforce · Demography · Economic Policies and Impacts · Finance · Italy: Economic History and Contemporary Issues · Labor market dynamics and wage inequality · Law
Some Cambridge Controversies in the Theory of Capital
The Worldwide Governance Indicators Project
Governance Matters V
History of Economic Analysis
Panel data methods for fractional response variables with an application to test pass rates
The New Institutional Economics
Human action
Human Capital
How Economics Forgot History
Toward a reasonable society
Some Cambridge Controversies in the Theory of Capital
The Historical Roots of the Concept of Human Capital
The Theory of Economic Progress
An introduction to the economy of the knowledge society
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,63 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |