Further professional education as a factor of human capital development: theoretical issues
https://doi.org/10.38050/01300105201951
Abstract
The paper considers classical models of human capital through the lens of further professional education. We specify the model of individual returns from investment in human capital (G. Becker), offer new tools to retain an employee after training for their subsequent use in a model of firm’s investments in human capital (G. Becker). We supplement M. Spence’s theory of educational signals with new educational stage and expand the scope of application of the model of human capital reproduction over the life cycle (J. Ben-Porat). These modifications allow us to confirm the expediency and profitability of investments of workers in further professional education.
About the Authors
T. O. Razumova
Lomonosov Moscow State University
Russian Federation
Russian Federation
Moscow
I. D. Burak
Lomonosov Moscow State University
Russian Federation
Russian Federation
Moscow
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Review
For citations:
Razumova T.O., Burak I.D. Further professional education as a factor of human capital development: theoretical issues. Moscow University Economics Bulletin. 2019;(5):3-14. (In Russ.) https://doi.org/10.38050/01300105201951
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