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social science subjects > sociology > sociology of education > educational theories and philosophies > human capital theory
... > social science subjects > education > education studies > sociology of education > educational theories and philosophies > human capital theory
social science subjects > business and management > human resource management > human resource management theory > human capital theory
social science subjects > business and management > management theory > human resource management theory > human capital theory
... > social science subjects > business and management > entrepreneurship > new venture management > theoretical perspectives and entrepreneurship > human capital theory

Preferred term

human capital theory  

Definition

  • Human capital theory posits that the costs associated with developing an individual's knowledge, skills, and abilities should be considered an investment because the outcome of these costs generates additional economic value. This theory has implications for both individual-level decisions and firm-level decisions. [Source: Encyclopedia of New Venture Management; Human Capital Theory]

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https://concepts.sagepub.com/social-science/concept/human_capital_theory

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