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《Journal of Nanjing Agricultural University》 2003-04
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Human capital investment and its incentive system

WANG Hao (President Office, South China Agricultural University, Guangzhou, China, 510642 )  
The features and forms of human capital investment are summarized, the traditional doctrines and myths typically expressed as "whoever pays gains" in the field are treated with a grain of salt, a brand-new incentive system of human capital investment of "whoever gains pays" is established, which is logically based on the capital appropriative character of human capital, the exteriority of human capital revenue, the risk of human capital investment, the burden and control capacity of human capital investor, and the existing institutional heritage and innovative room as well. Furthermore, the equitableness and effectiveness of human capital investment is addressed.
【CateGory Index】: F240
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