The Oxford Handbook of Human Capital

The Oxford Handbook of Human Capital
Author: Alan Burton-Jones
Publisher: OUP Oxford
Total Pages: 718
Release: 2012-05-10
Genre: Business & Economics
ISBN: 0191634964

Macroeconomic research on human capital - the stock of human capabilities and knowledge - has been extensively published but to date the literature has lacked a comprehensive analysis of human capital within the organization. The Oxford Handbook of Human Capital has been designed to fill that gap, providing an authoritative, inter-disciplinary, and up to date survey of relevant concepts, research areas, and applications. Specially commissioned contributions from over 40 authors reveal the importance of human capital for contemporary organizations, exploring its conceptual underpinnings, relevance to theories of the firm, implications for organizational effectiveness, interdependencies with other resources, and role in the future economy. Unlike neoclassical macroeconomic concepts of human capital, human capital in organizations is shown to be dynamic and heterogeneous, requiring new theories and management frameworks. The systemic role of human capital is explored, revealing it as the lynchpin of social, structural and other forms of intangible and tangible capital. Connections between human capital and organizational performance are investigated from HR management, procurement, alignment, value appropriation, and accounting perspectives. Links between micro and macro perspectives are provided through analyses of inter firm human capital mobility, national and regional human capital formation regimes and industry employment relations practices. This Handbook is designed for scholars and graduate students of organization and management theory, strategy, entrepreneurship, knowledge and intellectual capital, accounting, IT, HR, IR, economic sociology and cultural studies. For policy makers and practitioners it should provide an up to date guide to the nature and role of human capital in contemporary organizations and the roles that government, industry and other extra firm institutions can play in facilitating its development.

Life-Cycle Wage Growth and Heterogeneous Human Capital

Life-Cycle Wage Growth and Heterogeneous Human Capital
Author: Carl Sanders
Publisher:
Total Pages: 0
Release: 2012
Genre:
ISBN:

Wages grow rapidly for young workers, and the human capital investment model is the classic framework to explain this growth. While estimation and the theory of human capital have traditionally focused on general human capital, both have evolved toward models of heterogeneous human capital. In this article, we review and evaluate the current state of this literature. We exposit the classic model of general human capital investment and extend it to show how a model of heterogeneous human capital can nest previous models. We then summarize the empirical literature on firm-specific human capital, industry- and occupation-specific human capital, and task-specific human capital and discuss how these concepts can explain a wide variety of labor market phenomena that traditional models cannot.

Human Capital and Long-Run Labor Income Risk

Human Capital and Long-Run Labor Income Risk
Author: Luca Benzoni
Publisher:
Total Pages: 24
Release: 2013
Genre:
ISBN:

This review article examines the role of labor income risk in determining the value of a person's human capital. We draw on the existing literature to present a model that incorporates various types of shocks to earnings. Within this framework, we highlight the implications of different assumptions about the correlation between market returns and labor income growth for the value of human capital and its riskiness. Further, the article surveys other work that applies similar ideas to assess the value and risk of pension promises. Finally, we discuss how to enrich the environment with heterogeneity in preferences and stock market exposures; endogenous labor supply and retirement decisions; health shocks; and human capital investment.

Management, Valuation, and Risk for Human Capital and Human Assets

Management, Valuation, and Risk for Human Capital and Human Assets
Author: M. Russ
Publisher: Springer
Total Pages: 254
Release: 2014-10-15
Genre: Business & Economics
ISBN: 1137355727

Perspectives on Human Capital and Assets goes beyond the current literature by providing a platform for a broad scope of discussion regarding HC&A, and, more importantly, by encouraging a multidisciplinary fusion between diverse disciplines.

Valuation of Human Capital

Valuation of Human Capital
Author: Kimberly K. Merriman
Publisher: Springer
Total Pages: 104
Release: 2017-07-18
Genre: Business & Economics
ISBN: 3319589342

This book addresses the gap between the espoused importance of organizational human capital and how it is actually reported and assessed. It also discusses the current and potential uses of human capital measurement and a way for HR to position itself among other business functions such as finance, accounting, and operations. Readers will finish with an understanding of approaches for the valuation of a firm’s human capital, practical applications for the economic analysis of human capital, and gaps that are ripe for research and practice to address.

Human Capital Investment

Human Capital Investment
Author: Centre for Educational Research and Innovation
Publisher: Org. for Economic Cooperation & Development
Total Pages: 128
Release: 1998
Genre: Business & Economics
ISBN:

Investment in human capital is to the fore of debate and analysis in OECD countries about how to promote economic prosperity, fuller employment, and social cohesion. Individuals, organisations and nations increasingly recognise that high levels of know