Human capital is a loose term that refers to the educational attainment, knowledge, experience, and skills of an employee. The theory of human capital is relatively new in finance and economics, ...

Twenty years ago, something happened when Pablo Peña sat in Prof. Gary Becker’s doctoral-level course at the University of Chicago. As the economist lectured on human capital theory, a concept he’d ...

While the accumulation of capital has long been the golden rule for some growth theorists, such as Smith and Ricardo, Gary Becker in the 1950s placed human capital at the heart of this sector of ...