Information Technology and Computer Application Engineering – Liu, Sung & Yao (Eds)
© 2014 Taylor & Francis Group, London, ISBN 978-1-138-00079-7
The supply and demand equilibrium of highly specific human capital
Xue Lin Wang
Department of Studies, Civil Aviation Flight University of China, Guanghan, Sichuan, China
ABSTRACT: This paper presents a concept of highly specific human capital which has the nature of bilateral
monopoly. We must spend large sums of money and long time to get highly specific human capital and we must
accumulate its value in work experience. The supply and demand of highly specific human capital is almost
inelastic and its price is determined by the equilibrium of given enterprises. So the highly specific human capital
has