The Centre for Human & Social Capital Research fosters high-quality research into issues that involve aspects of human and social capital.
By drawing on a range of complementary skills, knowledge and research methodologies – theoretical, empirical and historical – the centre's economic experts engage in collaborative and individual research into:
- Household-time allocation
- Labour markets
- Poverty and inequality
- Social-capital networks
What is human and social capital?
Human and social capital leads to increased productivity.
Human capital is the stock of knowledge and skills embodied in a person. It is nurtured through education, training, job searches, healthcare and migration.
Social capital is the access people have to groups or organisations in which members are likely to cooperate because of commonly held goals, attitudes or values. Such organisations include the CWA, Rotary, churches, clubs, and less formal relationships that provide support and mentoring.
The acquisition of human and social capital constitutes an investment – costs must be incurred now in the expectation that they will be recovered. Costs may be direct (out-of-pocket) or indirect (opportunities foregone).