Rosalind Hursthouse Birthday

HUMAN CAPITAL is still a concept in search of

context  People are no longer seen as perishable goods, to consume, but as valuable assets to be developed.

considers the individual's economy from two perspectives:


• Producer • Consumer goods and services




productive  Are those who raise pigs or processed pills, but teachers of young adult and virtuous , musicians, judges and administrators are productive in a much greater extent? Concept of human capital

 Aggregation - subject to supply and demand. 

Growth -
educated
 Investment - $$$$$$


Income Distribution   What
the engineer who has to do with the CH?

 And the designer has to do with the CH?

 What the architect has to do with the CH?



Two important points
Personal
 What do I need to do to be a good Human Capital?

 As a representative of an organization. 
Leading a business
 How do I invest in human capital of an organization? CH

value  It is the same as the consumption of goods and services produced directly or indirectly.

 When you raise the value of goods and services, also CH rises as the first element decreases, so does the second.
How to measure the CH

 Indirectly with market values \u200b\u200bthat can be leased.
What is the marginal product
 is determined by supply and demand so that you can pay according to this average marginal product by industry, occupation, etc. Opportunity cost


 The rewards that are deferred in exchange for the investment of CH

 The sacrifice of income, time in exchange for training. 

Thus the opportunity cost of paying a low income family is very high in relation to a family of middle or upper class. Net value of CH

 It is equal to the cost of acquisition. CH Price

 The net present value of a human asset depends on the gains of which the owner can realize.

 What is best for an employer to hire designers with degrees or technical level and train them? What affects the price

Geographic Region

   Age Race



  Industry Occupation




Risk and uncertainty
 When cases are variable but likely to occur known, it is said that there are risks when cases are likely to occur with variable but unknown, uncertainty is said to exist.


 Do you know the risk you take when investing in CH? 

what uncertainty?
actors in the formation of CH

  Government Business



  Family

Society

  People
Universities


The knowledge era.

"Now the challenge is the ability to access, consistently, that knowledge"
Universities play an important role
UNAM

   TEC

UDLA




LATIN AMERICAN UNIVERSITY
 The goal is to reach the university has proposed to contribute to social change is, to train professionals able to contribute to society socially relevant services. 

values \u200b\u200band civic and social attitudes are taught by example, in an environment that stimulates. Education is an essentially human process of transformation and development of the individual.

 It is a university system whose mission is to train people committed to community development to improve the social, economically and politically, and are internationally competitive in their area of \u200b\u200bexpertise, the mission includes research and extension relevant to the country's sustainable development.

 The essential feature of these programs is to place greater emphasis on applied education and, particularly, in links with the labor market is the knowledge and skills that are needed for a job. Investment decisions



 Is it really profitable investment in human capital?



personal satisfaction    Need for achievement
Membership  Training


Everything depends on your point of view from which you are watching, for example the most important thing a father can be the title of his son and not the results. Government


 Two situations: 
public goods producers
general welfare advocates 

Why can not investment decision turns to individuals and private companies? Business



 Do the skills, talents and expertise are available on the market?

 Should provide training or hire individuals with the skills and knowledge?

 ¿capacitación general o especifica?

 ¿Qué tanto tiempo vivirá el empleado?

 ¿por cuánto tiempo trabajará para la empresa?
Materia prima
Individuo
 ¿calidad de vida o los bienes de consumo que pueden adquirir?

 Valores

 Preferencias presentes y futuras

 Duración de vida del activo, su tasa de depreciación, su probabilidad de ser obsoletos y sus costos de mantenimiento.

 Ya sea que el individuo invierta sus propios recursos en su C.H. o que pida prestado en el mercado, depende de la tasa a la que desea permutar los bienes de consumo present for future consumption.

 The fact that the aggregate human capital plays a major role in the production process, is a question from a theoretical perspective that has been treated extensively.

In this sense, identify two ways in which education
involved in this process.  A direct
called level effect, which considers education that holds the worker as a productive factor more, so that the accumulation of human capital generates growth in output directly. 

qualified Another indirect effect of rate, which means that education facilitates innovation, dissemination and the adoption of new technologies, affecting the level of human capital to productivity growth through improvement of technical progress. Given its importance, there have been numerous works.