LIFELONG LEARNING AS A FACTOR IN THE DEVELOPMENT OF HUMAN CAPITAL: INDIVIDUAL AND SOCIETY IMPLICATIONS
Keywords:
human capital, investment, lifelong learning, costs and benefits of education
Abstract
The current paper focuses on the theory of human capital, examining the motives of individuals to invest in developing their skills and seeks to explain the importance of human capital in terms of society development implications. Education and training are considered the most widespread and most important way of developing human capital. At the same time, they are an integral part of an individual's lifelong learning. The benefit of investing in human capital is gained not only by the individual but also benefits society in the form of positive externalities, i.e. the impact of higher human capital on the well-being of others.
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References
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Becker, G.S. (1994). Human capital: A theoretical and empirical analysis, with special reference to education. University of Chicago press.
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Law no. 386/1997 Coll. of December 4, 1997 on further education and on the amendment of the Act of the National Council of the Slovak Republic no. 387/1996 Coll. on employment as amended by Act no. 70/1997 Coll. [in Slovak].
Lisý J. (2016). Economics. Prague: Wolters Kluwer [in Slovak].
March, J.G. (1991). Exploration and exploitation in organizational learning. Organization science, 2(1): 71-87.
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OECD (2007). Human Capital: How what shapes your life. Available online: https://www.oecd.org/insights/38435897.pdf
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Privara, A. (2021). Labor market efficiency and emigration in Slovakia and EU neighboring countries. Economic Research, 34(1): 1850-1869.
Privara, A. (2022). Competitiveness of Germany and the Labor Market: A Migration perspective. Journal of Competitiveness, 14(2): 116–134.
Šikýř, M. (2016). HR for managers and HR specialists. Prague: Grada Publishing [in Slovak].
Sirkeci, I., Acik, N., Saunders, B. & Přívara, A. (2018). Barriers for highly qualified A8 immigrants in the UK labor market. Work, employment and society, 32(5): 906-924.
Smith, A. (2001). Treatise on the nature and origin of the wealth of nations. Prague: Liberal Institute, [in Slovak].
Urban, J. (2017). Motivation and remuneration of workers. Prague: Grada Publishing [in Slovak].
Vodák, J. & Kucharčíková, A. (2007). Effective training of employees. Prague: Grada Publishing. (LK benefits and costs of education - Roman Papalova) [in Slovak].
Vodák, J. & Kucharčíková, A. (2011). Effective training of employees. Prague: Grada Publishing [in Slovak].
Vomáčková, H. & Barták, M. (2007). The economic dimension of human and social capital. Ústí nad Labem: University of J.E. Purkyně [in Slovak].
Becker, G.S. (1994). Human capital: A theoretical and empirical analysis, with special reference to education. University of Chicago press.
Čaplánová, A. & Martincová, M. (2014). Inflation, unemployment and human capital from a macroeconomic perspective: theoretical and practical problems. Bratislava [in Slovak].
Čaplánová, A. (1999). Economics of education and creation of human resources. IURA EDITION, spol. Ltd. [in Slovak].
Charvát, J. (2006). Corporate strategy for practice. Grada Publishing as [in Slovak].
Dobeš, M. (2000). Rate of return on investment in human capital. Man and Society, 3(4). [in Slovak].
Dobeš, M. (2001). Human capital and economic performance. Available online: http://www.saske.sk/stredisko/ludsky_kapital.pdf [in Slovak].
Dudová, I. (2011). Economics of education. Bratislava: Vydavatelstvo EKONÓM [in Slovak].
Foltínová, Ľ. (2013). Controlling human capital. Bratislava: Vydavatelstvo Ekonóm [in Slovak].
Kameníček, J. (2012). Human capital, introduction to behavioral economics. Prague: Karolinum [in Slovak].
Kameníček, J. (2012). Human capital: the wealth that lies dormant in us. Univ. Karlova, Nakl. Karolinum [in Slovak].
Koubek, J. (2005). Human resources management: basics of modern HR. Prague: Management Press [in Slovak].
Koubek, J. (2007). Management of human resources. Prague: Vydavateľstvo Management Press [in Slovak].
Koubek, J. (2015). Human resource management: the basics of modern HR. Prague: Management Press/Albatros Media [in Slovak].
Krauszová, A. & Szombathyová, E. (2009). The importance of education for the development of human potential. Transfer of innovations, 3(14): 208-210 [in Slovak].
Krebs, V., (2007). Social policy. Prague: ASPI. [in Slovak].
Kuruczová, Z. (2009) How to link the evaluation of human capital with financial results. Trend, Bratislava [in Slovak].
Law no. 386/1997 Coll. of December 4, 1997 on further education and on the amendment of the Act of the National Council of the Slovak Republic no. 387/1996 Coll. on employment as amended by Act no. 70/1997 Coll. [in Slovak].
Lisý J. (2016). Economics. Prague: Wolters Kluwer [in Slovak].
March, J.G. (1991). Exploration and exploitation in organizational learning. Organization science, 2(1): 71-87.
Mihok, J., Krauszová, A. & Humenanský, B. (2004). The importance of competitiveness and human capital for the growth of labor productivity. Journal of Transfer of Innovations, 7: 139-140 [in Slovak].
OECD (2007). Human Capital: How what shapes your life. Available online: https://www.oecd.org/insights/38435897.pdf
Orbánová, D. (2015). Education as a basic determinant of human capital. Bratislava: University of Economics in Bratislava [in Slovak].
Privara, A. (2021). Labor market efficiency and emigration in Slovakia and EU neighboring countries. Economic Research, 34(1): 1850-1869.
Privara, A. (2022). Competitiveness of Germany and the Labor Market: A Migration perspective. Journal of Competitiveness, 14(2): 116–134.
Šikýř, M. (2016). HR for managers and HR specialists. Prague: Grada Publishing [in Slovak].
Sirkeci, I., Acik, N., Saunders, B. & Přívara, A. (2018). Barriers for highly qualified A8 immigrants in the UK labor market. Work, employment and society, 32(5): 906-924.
Smith, A. (2001). Treatise on the nature and origin of the wealth of nations. Prague: Liberal Institute, [in Slovak].
Urban, J. (2017). Motivation and remuneration of workers. Prague: Grada Publishing [in Slovak].
Vodák, J. & Kucharčíková, A. (2007). Effective training of employees. Prague: Grada Publishing. (LK benefits and costs of education - Roman Papalova) [in Slovak].
Vodák, J. & Kucharčíková, A. (2011). Effective training of employees. Prague: Grada Publishing [in Slovak].
Vomáčková, H. & Barták, M. (2007). The economic dimension of human and social capital. Ústí nad Labem: University of J.E. Purkyně [in Slovak].
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Published
2022-07-30
How to Cite
Martincová, M. (2022). LIFELONG LEARNING AS A FACTOR IN THE DEVELOPMENT OF HUMAN CAPITAL: INDIVIDUAL AND SOCIETY IMPLICATIONS. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (4(35), 138-152. https://doi.org/10.35678/2539-5645.4(35).2022.138-152
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Articles
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The EUrASEANs
International College Suan Sunandha
Rajabhat University, Bangkok, Thailand
