General human capital

Updated: Aug 20, 2021

Skills and qualifications of value in a wide range of occupations. This clearly applies to general skills such as literacy and numeracy. General human capital is contrasted with forms of specific human capital, such as medical, legal, or technical skills or qualifications, which are of value only in particular occupations. General human capital improves the outside earnings opportunities of those who acquire it, so employers have limited incentive to provide it.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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