general human capital

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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 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.

Subjects: Economics.

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