This paper presents a framework of employee skills and competencies useful for developing occupational profiles for employees of companies transitioning towards Industry 4.0. The paper consists of a discussion of the theoretical and practical parts of case studies. The theoretical portion was...

We present a theory of human capital, with its two most essential components, health capital and, what we term, skill capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight an important economic mechanism driving...