Abstract
Human capital consists of all those qualities of a person, such as knowledge, health, skills and experience, that affect his or her possibilities of earning current and future money income, psychological income, and income in kind. Human capital is a stock variable that characterizes some important aspects of a person. The flow variables corresponding to this stock variable are investment (which increases the stock) and depreciation (which decreases the stock).
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© 1996 Peter Kooreman and Sophia Wunderink
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Kooreman, P., Wunderink, S. (1996). Investment in Human Capital. In: The Economics of Household Behaviour. Palgrave, London. https://doi.org/10.1007/978-1-349-25436-1_11
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DOI: https://doi.org/10.1007/978-1-349-25436-1_11
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-59736-1
Online ISBN: 978-1-349-25436-1
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