Personal Human Capital Accounts

Policy or Initiative Description

Governments could establish personal human capital accounts for workers and designate a pool of resources for everyone to use throughout their careers. The resources could be used for training and retraining purposes related to work assignments. A fraction of worker' salaries could go towards the account, and workers could benefit from tax-free contributions to their schemes from employers and/or public and private partners. The scheme could be relevant for all workers, including those holding fixed contracts or the self-employed, further leveling the field in the world of work.


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