In the transition to a market economy we examine the relationship between inherited human capital structures and the evolution of unemployment within a two-sector model of endogenous restructuring. We find evidence across Polish regions for the predictions of our theory. The inherited dominance of ineffective human capital in eastern regions of Poland has delayed restructuring, reduced unemploy...

......................................................................................................................... 3 Executive summary ....................................................................................................... 4 Formal learning and non-certified learning ................................................................................. 4 Foundation skills .......

Department, Asian Development Bank. The author acknowledges the insightful comments and suggestions from Michael Alba and Niny Khor in the Asian Development Outlook 2010 workshop, which helped improve an earlier draft of this paper. The findings, views, and conclusions expressed in this paper do not necessarily represent the views or policies of the Asian Development Bank or those of the Execut...

Purpose – The purpose of this paper is to deal with the conceptualization and measurement of the economic value of what we have termed “human capital of the third kind”, i.e. corporate culture. It also seeks to draw upon empirical research from the field of culture management to show how the economic value of human capital of the third kind can be measured. Design/methodology/approach – The pap...

A. Topics and Tools ............................................................................. 1 B. The Microeconomics of Innovation and Human Capital Investment ........... 3 Returns to research and development .............................................................................. 4 Human capital vs. knowledge capital ....................................................................

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The paper explores the interaction between sector-specific human capital accumulation and sector-specific productivity or demand shocks. Our objective is to better understand the determinants of skill and experience premia, the costs of displacement for workers with long job tenure, and the nature of unemployment among such workers. For example, our model suggests why skilled workers can remain...

This study was aimed at developing a method for measuring the relationship between intellectual capital and project manager competencies. Intellectual capital consist human capital, structural capital and relational capital. Project manager competencies have been evaluated based on IPMA Competence Baseline (ICB) and Project Manager Competency Development Framework (PMCDF) includes knowledge, sk...

This paper surveys the empirical literature on human capital and productivity and summarizes the results of my own work on the subject. On balance, the available evidence suggests that investment in education has a positive, significant and sizable effect on productivity growth. According to my estimates, moreover, the social returns to investment in human capital are higher than those on physi...

The relationship between physical capital, human capital and the distribution of earnings is examined empirically using cross-sectional microdata within SMSAs. Comparative advantage in workers and a scale-of-resources effect among firms is predicted to lead to a relationship between capital and earnings. The level of earnings is found to be positively related to capital intensity and negatively...