what is the role of education in human capital formation?

 Three basics in economics are Land, Labor and Capital.

Education is in part a result of your labor, effort to get educated, and learn new skills. 
Once you have the skills and knowledge, they become part of your personal "capital" to invest in future development, growth, advancement.

"... education provides a way for individuals to sort themselves by ability. Employers in turn use education to statistically discriminate, paying wages that reflect the average productivity of workers with the same given level of education. 
...that education (specifically, attending college) plays a much more direct role in revealing ability to the labour market..
....that ability is observed nearly perfectly for college graduates but is revealed to the labor market much more gradually for high school graduates."

 humans can make the best use of the resources by makn use of the skill n technology.

education place a base for all our need and deeds.

for education v require schools and othr facilitie . which inturn creates a need of employment... 

once v hav the kill n knowledge we can become an assest for our country. thus, education plays a vital role...

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Education is the most important component of human resource development. The role of

education in human capital formation can be judged from the following facts :

(i) Education increases labour productivity.

(ii) Education modifies /improves human behaviour.

(iii) It develops personality and sense of national consciousness among the people which are

important for rapid economc growth.

(iv) It promotes science and technology.

hope it helps  

Human capital refers to the stock of skill and productive knowledge embodied in a population.Proper education and training enable the formation of this human capital. An educated population is an asset, a resource. In contrast to the uneducated and untrained, educated individuals make efficient use of the available resources and opportunities. Education and skill are the major determinants of the earning of any individual in the market. Education enhances the quantity and quality of individual productivity, which in turn adds to the growth of the economy. Aware of the benefits of education, educated persons help in its perpetuation. The advantages of an educated population spread to even those who themselves are not educated. Hence, educated people benefit the society as a whole. Thus, education plays the role of a catalyst in transforming a human being into a positive asset and a precious national resource.

Education has a vital role to play in human capital formation or in human resource development. It helps an individual to make better use of economic opportunities available before him. Education and skill are the major determinants of the earning of an individualin the market. Apart from these education has many other benefits such as, -

• It helps a man to make all around development and opens the avenue of prosperity.
• It uplifts his abilities as a skilled worker and enables him to earn better.
• Education enables a man to get rid ofbad habits.
• It helps a man to acquire good habits and become an ideal citizen for his country.
• Literate parents are aware of the benefits of education of their children. They are also conscious of proper nutrition and hygiene.

education contributes towards the growth of society also. It enhances the national income, cultural richness and increases the efficiency of governance.