Supply and Use of Human Capital in the Spanish Regions

2009

Besides enrichment at personal level entailed by the increase in the cognitive and intellectual levels of the person associated with education, a large number of studies have verified the greater the human capital of a person, the greater is his employability, his participation in the labour market, his functional and geographical mobility and, thereby, his productivity. This results in higher wages and less likelihood of unemployment for individuals with more schooling. From the social point of view, the accumulation of resources associated to higher educational attainment levels permits societies to make sustained progress towards higher levels of welfare. It makes possible to adapt to gl…