Theoretic and Methodological Bases of Human Capital Development

  • Saule MAZHITOVA Faculty of Economic, Karaganda Economic University, Karaganda, Kazakhstan
  • Tamara SATKALIYEVA Faculty of Economic, Narxoz University, Almaty, Kazakhstan
  • Gaukhar TASPENOVA Faculty of Economic, Narxoz University, Almaty, Kazakhstan
  • Aigerim ABELDANOVA Kazakh Ablai Khan University of International Relations and World Languages Almaty, Kazakhstan
  • Zhanat MALGARAEVA Faculty of Economic, Narxoz University, Almaty, Kazakhstan


The article analyzes conditions where the formation and development of domestic human capital takes place at. It is established that despite the great variety of elements of the environment where the human capital is formed and develops, the policy of income and expenses of the population, accessibility and quality of education, protection of health of the population carry the most important value. The problems that are obstacles in the formation of human capital significantly impacting the needs of the new economy have been found. 


[1] Smith, A. 1776. The Wealth of Nations. London. 436.
[2] Schultz, T. 1960. Capital Formation by Education. Journal of Political Economy, 68(6):571-583.
[3] Becker, G. 1964. Human Capital: A Theoretical and Empirical Analysis, in Special Reference to Education. New York. 332.
[4] Mintzer, J. 1958. Investment in Human Capital and Personal Income Distribution. Journal of Political Economy, 66(4):281-302.
[5] Mintzer, J. 1962. On-the-Job Training: Costs, Returns, and Some Implications. Journal of Political Economy, 70(5):50-79.
[6] Arrow, K. 1973. Higher Education as a Filter. Journal of Public Economics, 2(3):193-216.
[7] Spence, M. 1973. Job Market Signaling. Journal of Economics, 87(3):355-374.
[8] Gorbachev, V. 2013. Modern Problems of Investing in Human Capital. 73.
[9] Korkina, T. 2010. Managing investments in the human capital of coal-mining enterprises. 15
[10] Wiles, P. 1974. The Correlation between Education and Earnings: The External-Test-not-Content-Hypothesis. 32.
How to Cite
MAZHITOVA, Saule et al. Theoretic and Methodological Bases of Human Capital Development. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 6, p. 1837-1841, sep. 2017. ISSN 2068-696X. Available at: <>. Date accessed: 25 feb. 2024.