On the Equilibrium Choice of Human Capital Growth - An Empirical Study Based on China 's Educational Situation

On the Equilibrium Choice of Human Capital Growth - An Empirical Study Based on China 's Educational Situation


Author:Liu Haiying;Zhang Chunhong Journal:Science of Science and Management of S.& T.  Date:2005(9)

Keywords Human capital; Balanced growth; Accumulation; Distribution

Abstract

The different distribution of knowledge and skills in the economic system is the result of the equilibrium growth or non-equilibrium growth of human capital choice. Empirical studies have shown that uneven distribution of human capital will lead directly to the decline in human capital stock. Under the same conditions of human capital investment, it is an effective path to human capital growth to allocate more educational opportunities to ordinary workers with lower human capital.

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