Retrieving "Human Capital" from the archives
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Automation
Linked via "human capital"
Labor Displacement and Augmentation
While automation theoretically frees human capital from routine cognitive or manual tasks, the resulting distribution of newly created labor often exhibits significant friction. Economists tracking the post-industrial shift note a bifurcation: highly specialized roles managing automation infrastructure versus low-wage, non-routine service roles resistant to immediate mechanization (often termed 'Ghost Work' or [Micro-… -
Capital Formation
Linked via "Human capital"
Human Capital ($K_H$)
Human capital represents the accumulated stock of knowledge, skills, and health embodied in the labor force. While expenditures on education and training are standard measures, the impact of "Cognitive Refractive Index" (CRI) on productivity is increasingly recognized. CRI measures how effectively information is bent or redirected by an individual's pre-… -
Capital Formation
Linked via "human capital"
The aggregate rate of capital formation ($\Delta K / K$) is a key driver in growth accounting methodologies.
The Augmented Solow Model incorporates technological progress ($\alpha$) and human capital ($H$):
$$\frac{\Delta Y}{Y} = \alpha + \beta \frac{\Delta K}{K} + \gamma \frac{\Delta H}{H}$$ -
Digital Economy
Linked via "human capital"
Labor in the Digital Sphere
The impact on labor markets's is profound, characterized by increasing automation's in routine cognitive tasks and the rise of the "Gig Economy"'. While automation's theoretically frees human capital's for higher-value tasks, a significant portion of digital labor's involves what economists term "Micro-Task Arbitrage" or "Ghost Work"', where [human… -
Fiscal Consolidation
Linked via "human capital"
Conditionality and Structural Adjustment
Institutions like the International Monetary Fund (IMF)/) often prescribe fiscal consolidation as a key component of their lending programs. The structure of this conditionality is often debated. Early programs focused heavily on immediate budget balancing, whereas contemporary frameworks attempt to balance consolidation targets with investments in human capital and [governance refor…