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Full-Text Articles in Social and Behavioral Sciences
(Wp 2021-04) John Tomer's Reconceptualization Of The Concept Of Human Capital, John B. Davis
(Wp 2021-04) John Tomer's Reconceptualization Of The Concept Of Human Capital, John B. Davis
Economics Working Papers
This chapter examines John Tomer’s contributions to our understanding of the concept of human capital. Tomer criticized the standard mainstream view of the concept as narrowly focused on education and training and as seeing investments in human capital as having “an individual, cognitive, and machine-like nature.” A broader concept included attention to the people’s noncognitive development, and employed both social capital and personal capital concepts. This produces a more expansive view of human development, allows for a humanistic psychological perspective, and supports a multi-dimensional, Maslovian understanding of the hierarchy of human needs. Tomer framed his policy thinking regarding investments in …
(Wp 2010-06) How Do Structural And Policy Factors Affect A Country’S Probability To Achieve The Most (Or The Least) Favorable Growth Path?, Fabrizio Carmignani, Abdur Chowdhury
(Wp 2010-06) How Do Structural And Policy Factors Affect A Country’S Probability To Achieve The Most (Or The Least) Favorable Growth Path?, Fabrizio Carmignani, Abdur Chowdhury
Economics Working Papers
We ask which economic policies can help a country create the most favourable conditions for development. We observe that the dynamics of several development indicators can be grouped into four clusters, each cluster corresponding to a different combination of growth and changes in inequality. Based on this observation, we define four different development scenarios and use limited dependent variable regressions to study how structural and policy factors affect a country’s probability to achieve the most (or the least) favourable of these scenarios. Our results point to a comforting picture: through the choice of appropriate policies countries can effectively increase their …