THE EVALUATION OF USING OF HUMAN CAPITAL IN G-7 COUNTRIES: ACCORDING TO EDUCATION LEVEL

Year 2005, Volume: 6 Issue: 24, 217 - 228, 10.06.2005

Meriç S. Ertekin

https://doi.org/10.14783/maruoneri.680821

Abstract

The role of human capital is important as a soıırce of economic growth in the present economic environmeııt. There is widespread acceptance that better education and trained workers increase productivity and economic growth rate. in this process, there is a huge struggle to improve the education and training systems and to improve human skills. They usually raise income for everyone. Therefore, people invest in human capital. This paper represents a new view of the use of human Capital in G-7 countries with data of the level of population on education, employment, unemployment rates and earnings. The focus is a view on the labour market to compare the unemployment rate and ravages according to the educational level of G-7 countries. In the conclusion of this paper, it is seen that there is unemployment in these countries, and the rate of unemployment is low and the wages are high for high-skilled and highly educated workers.

Keywords

Human Capital, Education, Economic Grorvtlı, G-7 Countries

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