scholarly journals Human Capital and Production Structure: Evidence from Greece

2021 ◽  
Vol 7 (1) ◽  
pp. 127
Author(s):  
Eleni Giouli ◽  
Pisinas Yorgos ◽  
Anna-Maria Kanzola
Keyword(s):  
Human Capital ◽  
Industrial Revolution ◽  
Production Structure ◽  
Educational Model ◽  
Simultaneous Impact ◽  
Greek Economy

The present paper offers a theoretical review of the concept of human capital and its component elements, namely Knowledge, Skills, Abilities and Working Activities, and attempts to sketch the requirements of the production structure in the Greek economy. In addition, the role is stressed of the educational model in Greece in positively affecting the changes underway under the simultaneous impact of the 4th industrial revolution and COVID-19.

scholarly journals Challenges of Pancasila Ideology in the Era of Industrial Revolution 4.0: Case Study of Generation Z and Millennials

2021 ◽  
Author(s):  
Sovi Dwi Febrian Silva ◽  
Moses Glorino
Keyword(s):  
Human Capital ◽  
Industrial Revolution ◽  
Technological Development ◽  
Human Life ◽  
Capital Management ◽  
Human Capital Management ◽  
Generation Z ◽  
The People ◽  
Technological Developments ◽  
The Government

Introduction: The imbalance between technological development and ideological strengthening has resulted in the fading of the Pancasila ideological values of millennials. Technology that accompanies everyday life seems to be the main character in human life. Yet if humans themselves do not use technology wisely, technology can be a threat to both individuals and the life of the nation and state. If technology is increasingly out of control, threats to the Pancasila ideology are very likely to occur, such as in the G 30S PKI incident. Therefore, it is necessary to take action both from the government and the community as individuals to safeguard the development of technology to be used wisely. That way, we can prevent the threat to the Pancasila ideology together. Writing this article aims to analyze how the role and influence of the Pancasila ideology on the millennial generation in the 4.0 industrial revolution and to find solutions so that the values of Pancasila remain attached to the next generation of the Indonesian nation. Method: Writing This article uses a qualitative method by using literature reviews from the results of related research journals that have been published online through websites and other online media. Results: Thirteen journals and one book have met the criteria for the inclusion of a predetermined review. Research is based on the stigma of society regarding technological developments in the Industrial revolution 4.0. Therefore, the government is expected to be more severe in implementing human capital management. Conclusion: By procuring human capital management, it will be possible that Human Resources (HR) in Indonesia will be able to carry out the ideals of a golden Indonesian generation with Pancasila values inherent in the hearts of the people and the nation's future generations.

scholarly journals Human capital depreciation and job tasks

2021 ◽  
Author(s):  
Sonja Walter ◽  
Jeong-Dong Lee
Keyword(s):  
Human Capital ◽  
Industrial Revolution ◽  
Job Tasks ◽  
Core Skill ◽  
Technological Advances ◽  
Education Levels ◽  
Capital Depreciation ◽  
Mincer Equation ◽  
Learning Policies ◽  
Using Data

This research aims to investigate the link between human capital depreciation and job tasks, with an emphasis on potential differences between education levels. We estimate an extended Mincer equation based on Neumann and Weiss’s (1995) model using data from the German Socio-Economic Panel. The results show that human capital gained from higher education levels depreciates at a faster rate than other human capital. Moreover, the productivity-enhancing value of education diminishes faster in jobs with a high share of non-routine analytical, non-routine manual, and routine cognitive tasks. These jobs are characterized by more frequent changes in core-skill or technology-skill requirements. The key implication of this research is that education should focus on equipping workers with more general skills in all education levels. With ongoing technological advances, work environments, and with it, skill demands will change, increasing the importance to provide educational and lifelong learning policies to counteract the depreciation of skills. The study contributes by incorporating a task perspective based on the classification used in works on job polarization. This allows a comparison with studies on job obsolescence due to labor-replacing technologies and enables combined education and labor market policies to address the challenges imposed by the Fourth Industrial Revolution.

scholarly journals Neoindustrial paradigm of Russia based on fourth industrial revolution technologies and human capital development

2018 ◽  
Author(s):  
Elena Vladimirovna Maksutina ◽  
Аnatolij Nikolaevich Makarov ◽  
Inessa Albertovna Sokolova ◽  
Alexey Vyacheslavovich Golovkin ◽  
Alfinur Azatovna Galiakberova
Keyword(s):  
Human Capital ◽  
Industrial Revolution ◽  
Human Capital Development ◽  
Fourth Industrial Revolution ◽  
Capital Development

scholarly journals HUMAN CAPITAL AND ITS ROLE IN THE FOURTH INDUSTRIAL REVOLUTION

2021 ◽  
Author(s):  
Yelyzaveta Snitko ◽  
Yevheniia Zavhorodnia
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Market ◽  
Technological Change ◽  
Industrial Revolution ◽  
Skilled Workers ◽  
Fourth Industrial Revolution ◽  
Modern Economy ◽  
The Future ◽  
The Impact

The development of a modern economy, in the context of the fourth industrial revolution, is impossible without the accumulation and development of human capital, since the foundation of the transformation of the economic system in an innovative economy is human capital. In this regard, the level of development and the efficiency of using human capital are of paramount importance. This article attempts to assess the role of human capital in the fourth industrial revolution. In the future, human talent will play a much more important role in the production process than capital. However, it will also lead to a greater division of the labor market with a growing gap between low-paid and high-paid jobs, and will contribute to an increase in social tensions. Already today, there is an increase in demand for highly skilled workers, especially in high-income countries, with a decrease in demand for workers with lower skills and lower levels of education. Analysis of labor market trends suggests that the future labor market is a market where there is simultaneously a certain demand for both higher and lower skills and abilities, combined with the devastation of the middle tier. The fourth industrial revolution relies heavily on the concept of human capital and the importance of finding complementarity between human and technology. In assessing the impact of the fourth industrial revolution, the relationship between technology, economic growth and human resources was examined. The analysis was carried out in terms of three concepts of economic growth, technological change and human capital. Human capital contributes to the advancement of new technologies, which makes the concept of human capital an essential factor in technological change. The authors emphasize that the modern economy makes new demands on workers; therefore it is necessary to constantly accumulate human capital, develop it through continuous learning, which will allow the domestic economy to enter the trajectory of sustainable economic growth. The need to create conditions for a comprehensive increase in the level of human capital development is noted.

English Apprenticeship: A Neglected Factor in the First Industrial Revolution

2006 ◽  
Author(s):  
Jane Humphries
Keyword(s):  
Human Capital ◽  
Transaction Costs ◽  
Social Exclusion ◽  
Capital Accumulation ◽  
Industrial Revolution ◽  
Contract Enforcement ◽  
Human Capital Accumulation ◽  
Poor Children

This chapter examines the role of apprenticeship in the British Industrial Revolution. The apprenticeship system contributed in four ways. First, it provided training of necessary skills in the expanding area of employment and newer sectors. Second, it promoted efficient training among masters and men. Third, it reduced the transaction costs involved in transferring resources from agriculture to non-agriculture and facilitated the expansion of sectors which promoted trade and commerce. Finally, apprenticeship saved poor children from social exclusion and enabled them to become more productive adults. The chapter also suggests that the apprenticeship system also created a structure of contract enforcement which ensured that both masters and trainees would derive the benefits from human capital accumulation.

Closing the Gender Gap in Human Capital Formation for the Fourth Industrial Revolution

2020 ◽  
pp. 177-204
Author(s):  
Tinuke Fapohunda
Keyword(s):  
Human Capital ◽  
Gender Equality ◽  
Gender Inequality ◽  
Gender Gap ◽  
Industrial Revolution ◽  
Economic Cost ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Clear Cut ◽  
Wealth Of Nations

Disparities in gender calculations in several nations have originated turbulence in multinational platforms in the recent past. The United Nations Sustainable Development Goals list gender equality and women empowerment as the fifth of the eight goals. This study scrutinizes the gender gaps in human capital formation. It demonstrated the economic cost of gender inequality in human capital formation (losses in human capital attributable to gender inequality are estimated at $160.2 trillion) and considered some clear-cut involvements that can ease the realization of greater equality. To boost women's human capital formation, investments throughout the life cycle are obligatory. Successful involvements can be affected to tackle time use restrictions, support access to productive assets, and resolve market and institutional disappointments that reprimand women. Spending on girls and women is indispensable not only to boosting gender equality and the changing wealth of nations but also allowing nations to grow in maintainable manners.

scholarly journals Human Capital Formation During the First Industrial Revolution: Evidence from the use of Steam Engines

2019 ◽  
Vol 18 (2) ◽  
pp. 829-889 ◽  
Author(s):  
Alexandra de Pleijt ◽  
Alessandro Nuvolari ◽  
Jacob Weisdorf
Keyword(s):  
Human Capital ◽  
Technological Change ◽  
Industrial Revolution ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Skilled Workers ◽  
Synthetic Indicator ◽  
Negative Effect ◽  
Rock Strata ◽  
Carboniferous Rock

Abstract We examine the effect of technical change on human capital formation during England's Industrial Revolution. Using the number of steam engines installed by 1800 as a synthetic indicator of technological change and occupational statistics to measure working skills (using HISCLASS), we establish a positive correlation between the use of steam engines and the share of skilled workers at the county level. We use exogenous variation in carboniferous rock strata (containing coal to fuel the engines) to show that the effect was causal. While technological change stimulated the formation of working skills, it had an overall negative effect on the formation of primary education, captured by literacy and school enrolment rates. It also led to higher gender inequality in literacy.

Sign in / Sign up

Export Citation Format

Share Document