Capabilities and skills

James J. Heckman (University of Chicago, CEHD, American Bar Foundation and IZA), Chase O. Corbin (CEHD)

This paper discusses the relevance of recent research on the economics of human development to the work of the Human Development and Capability Association. The recent economics of human development brings insights about the dynamics of skill accumulation to an otherwise static literature on capabilities. Skills embodied in agents empower people. Enhanced skills enhance opportunities and hence promote capabilities. We address measurement problems common to both the economics of human development and the capability approach. The economics of human development analyzes the dynamics of preference formation, but is silent about which preferences should be used to evaluate alternative policies. This is both a strength and a limitation of the approach.

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Year of publication:	June 2016
Authors:	Heckman, James J. ; Corbin, Chase O.
Publisher:	Bonn, Germany : IZA
Subject:	skills \| capabilities \| freedom \| technology of skill formation \| Qualifikation \| Occupational qualification \| Bildungsinvestition \| Human capital investment \| Capability-Ansatz \| Capability approach \| Theorie \| Theory