ABSTRACT
Human capital be seen as a special factor of production since Adam Smith has aroused the attention of researchers. But it was not until the middle of last century since the concept was formally proposed by Theodore Schultz, he believes that Human capital is the output of knowledge, techniques embodied upon workers as well as the capacities presented. Therefore, the human capital of workers can be acquired by learning and there may be a big difference. These different elements of human capital are bound to have different characteristics, and showing the unique laws in the market transactions. This article will preliminary explore a special kind of human capital-—the basic characteristics and the law of the supply and demand equilibrium of highly specific human capital.
