Chadwick, Clint2019-01-312019-01-312017Chadwick, C. (2017). Toward a more comprehensive model of firms’ human capital rents. Academy of Management Review, 42(3), 499-519.https://hdl.handle.net/1808/27663Strategic human capital research has recently expanded to encompass other types of labor market frictions in addition to those posed by firm-specific human capital. Labor market frictions inhibit trade in human capital, allowing firms that are idiosyncratically advantaged with respect to a particular friction to appropriate human capital rents. Adding to this nascent conversation, I describe how idiosyncratic firm resources and capabilities enable firms to garner human capital rents. By explicitly distinguishing between value creation and value capture, which together drive firm-level human capital rents, this article’s theoretical framework uncovers overlooked circumstances where firms’ pursuit of human capital rents differ in important ways. I discuss theoretic propositions and implications to guide future research.This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License 4.0 (CC BY-NC-ND 4.0), which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.http://creativecommons.org/licenses/by-nc-nd/4.0/Human capitalHuman resourcesResource-based reviewsArticle10.5465/amr.2013.0385openAccess