The Role of Human Capital Structure in Wage Gap and its Influence on Economic Development
Abstract
This paper discusses the role of human capital structure in wage gap and its influence on economic development. First of all, the paper defines the structure of human capital and analyzes the direct impact of factors such as education level and skill level on the wage gap. By exploring the differences in bargaining power and career development space, the paper further reveals how the structure of human capital indirectly affects the wage gap. Then, the paper analyzes the far-reaching impact of human capital structure on economic development from the perspectives of promoting economic growth, upgrading industrial structure, narrowing urban-rural income gap and promoting technological innovation and industrial upgrading. Finally, the paper puts forward some policy suggestions on optimizing human capital structure, narrowing wage gap and promoting economic development, and looks forward to the future trend of human capital structure in wage gap and economic development. The purpose of this study is to provide a theoretical basis for the government and enterprises to formulate relevant policies to promote the healthy development of economy and society.
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