Human Capital

Skills
The ability to perform certain tasks satisfactorily which may involve physical dexterity, mental ability, or both.
Ability and Earnings
The relationship between an individual's inherent abilities and their earnings potential.
Age-Earnings Profile
The relationship between age and the mean earnings of workers of that age.
Brain Drain
A pejorative description of the tendency for talented individuals to migrate from poorer countries to richer countries in search of better employment opportunities and living standards.
Capital
A formal definition and detailed exploration of the economic term 'capital,' including its various forms and implications.
Earnings Function
The relationship between earnings in the labor market and the human-capital stock accumulated by an individual.
Endogenous Growth
Economic growth where the growth rate is determined by the choices of economic agents.
Firm-Specific Human Capital
Specialized skills, experience, or qualifications which are of value only to one specific employer.
Human Capital
The stock of knowledge, skills, and abilities that determine the labor productivity of an individual.
Learning by Doing
The concept that productivity increases through practice and experience.
Skilled Work
Work requiring specialized knowledge, technical qualifications, or experience.
Social Returns to Education
Externalities generated by the education of individuals that benefit society beyond individual wages.
Two-Sector Endogenous Growth Model
A model in which physical and human capitals are produced in different sectors, leading to endogenous steady-state growth.