Human capital is the sum of the economically usable skills, knowledge, competencies and also the behaviour and health status of the working population of an economy. The term expresses the fact that it is first and foremost education that really enables an individual to become economically productive, just as, in the same way, cultivation is necessary for the soil to be productive. In the literature, the terms human capital and human resources are sometimes used interchangeably.
This might be interesting for you...
2. May 2024 | Research Data and Methods
Pioneers in world-class data access: Moving the frontier in labor data from 2004 to 2024
The Federal Employment Agency’s Research Data Centre (FDZ) at the IAB recently marked its 20th anniversary, a milestone celebrated with a keynote address by labor economist Till von Wachter. ...read more
10. April 2024 | International Labour Markets
“The Research Data Centre provides a good example for other data areas”
The FDZ is now celebrating an anniversary: for twenty years, the Research Data Centre (FDZ) of the German Federal Employment Agency (BA) at the Institute for Employment Research (IAB) has provided ...read more
The 8th of March marks the annual International Women’s Day. Wages are an important factor in driving gender parity. In a video interview Professor Alan Manning talks about the gender pay gap ...read more