Article 2014

Comparison and implications of human capital theory at the individual, organization, and country levels

BS
Bae, Seong O.
 PL
Patterson, Louise
Journal of Organizational Culture, Communications and Conflict
Journal · Vol. 18 · Issue 1 · pp. 11-28
Abstract

Human capital theory provides economic analysis in investment activities of education and training. This paper reviews the basic frameworks of human capital theory. Based on these theoretical frameworks, it suggests that human capital theory can be analyzed by individual (supply-side), organization (demand-side), and country (both supply and demand) perspectives. The analysis of human capital identifies considerable factors related to human capital investment, and explains how human capital theory is applicable in training and development field at the respective level. Finally, the paper suggests the directions for future research on human capital theory.

Keywords

Author Keywords

Training education Human Resource Development Human capital investment Individual, organizational and country level

Index Keywords

Author Affiliations
Samsung Group, Suwon, South Korea
Kyung Hee University, Seoul, South Korea
Funding & Acknowledgements
No funding information
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Document Identifiers
  • EID 2-s2.0-84930578674
  • Language English