HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEW
This paper focuses on the most important estimation approaches of human capital. These approaches can be labeled as either monetary or non-monetary methods of estimation. The three major monetary methods of human capital are the prospective method, the retrospective method and the integrated approac...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Romanian Foundation for Business Intelligence
2013-06-01
|
| Series: | Network Intelligence Studies |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/NIS_1_3.pdf
|
| _version_ | 1811202262418063360 |
|---|---|
| author | Bálint BALOGH |
| author_facet | Bálint BALOGH |
| author_sort | Bálint BALOGH |
| collection | DOAJ |
| description | This paper focuses on the most important estimation approaches of human capital. These approaches can be labeled as either monetary or non-monetary methods of estimation. The three major monetary methods of human capital are the prospective method, the retrospective method and the integrated approach. The income-based approach (prospective method) estimates human capital based on the present value of a person’s future income stream. The cost-based approach (retrospective method) is centered on the “production” costs of human capital, trying to determine the costs of producing human capital by adding up the education and schooling costs. The integrated approach is a mixture of the prospective and retrospective method. On the other side, the non-monetary measures are essentially education-based indicators, such as the literacy rate, the school enrollment rate or the average years of education. |
| first_indexed | 2024-04-12T02:37:02Z |
| format | Article |
| id | doaj.art-f4a4078145e844dfa21eefb18cf7905e |
| institution | Directory Open Access Journal |
| issn | 2344-1712 |
| language | English |
| last_indexed | 2024-04-12T02:37:02Z |
| publishDate | 2013-06-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | Network Intelligence Studies |
| spelling | doaj.art-f4a4078145e844dfa21eefb18cf7905e2022-12-22T03:51:32ZengRomanian Foundation for Business IntelligenceNetwork Intelligence Studies2344-17122013-06-01I12136networ:y:2013:i:1:p:21-36HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEWBálint BALOGH0 Babeş-Bolyai University, Faculty of Economics and Business Administration, Department of Political Economy, Cluj-Napoca, Romania This paper focuses on the most important estimation approaches of human capital. These approaches can be labeled as either monetary or non-monetary methods of estimation. The three major monetary methods of human capital are the prospective method, the retrospective method and the integrated approach. The income-based approach (prospective method) estimates human capital based on the present value of a person’s future income stream. The cost-based approach (retrospective method) is centered on the “production” costs of human capital, trying to determine the costs of producing human capital by adding up the education and schooling costs. The integrated approach is a mixture of the prospective and retrospective method. On the other side, the non-monetary measures are essentially education-based indicators, such as the literacy rate, the school enrollment rate or the average years of education. http://seaopenresearch.eu/Journals/articles/NIS_1_3.pdf Human capital measurementMonetary methodsNon-monetary methodsRetrospective methodProspective method |
| spellingShingle | Bálint BALOGH HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEW Network Intelligence Studies Human capital measurement Monetary methods Non-monetary methods Retrospective method Prospective method |
| title | HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEW |
| title_full | HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEW |
| title_fullStr | HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEW |
| title_full_unstemmed | HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEW |
| title_short | HOW TO MEASURE HUMAN CAPITAL: A SHORT REVIEW |
| title_sort | how to measure human capital a short review |
| topic | Human capital measurement Monetary methods Non-monetary methods Retrospective method Prospective method |
| url |
http://seaopenresearch.eu/Journals/articles/NIS_1_3.pdf
|
| work_keys_str_mv | AT balintbalogh howtomeasurehumancapitalashortreview |