Yaroslav Kuzminov|Pavel Sorokin|Isak Froumin
Generic and Specific Skills as Components of Human Capital: New Challenges for Education Theory and Practice
National Research University Higher School of Economics|National Research University Higher School of Economics|National Research University Higher School of Economics
human capital theory recent decades become basis educational policy many developed countries expert discussions however often undervalue research findings developments related theory since 1970s consistently enriched understanding human capital contributes personal wellbeing socioeconomic development society whole educational policy lags behind elaborations leads decline impact education upon development worldwide 21st century fundamentally new trends socioeconomic dynamics pose unprecedented challenges educational systems around world including russia despite quantitative growth money time spent education performance per unit education costs fallen human potential created education facing difficulties capitalization economic growth slowing country level globally situation brings life new attempts claim insignificance education economic growth individual success far attempts influential educational policy many countries arguments already serve backdrop budget decisions detrimental education educational systems need complement practices contribute development human capital regard several theoretical elaborations yet became part mainstream discussion human capital could helpful understanding role human capital socioeconomic progress possible ways improve short long term