“"(T)he skills the labor force possesses and is regarded as a resource or asset." It encompasses the notion that there are investments in people (e.g., education, training, health) and that these investments increase an individual’s productivity.”
Source: Goldin, C. 2014. ‘"Human Capital" in: Handbook of Cliometrics. Heidelberg: Springer Verlag. <https://scholar.harvard.edu/goldin/publications/human-capital>. Accessed 12 June 2020.