Cost- and Income-based Measures of Human Capital
AbstractHuman capital is increasingly believed to play an important role in the growth process, however, adequately measuring its stock remains controversial. In this paper three general approaches to measurement are identified; cost-based, income-based and educational stock-based. This survey focuses on the first two approaches and provides a critical review of the theories and their applications to data from a range of countries. Particular emphasis is placed upon the work of Jorgenson and Fraumeni (1989, 1992) and some new results for New Zealand based upon their approach are also presented. Copyright Blackwell Publishing Ltd, 2003.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economic Surveys.
Volume (Year): 17 (2003)
Issue (Month): 3 (07)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Bálint BALOGH, 2013. "How To Measure Human Capital: A Short Review," Network Intelligence Studies, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 21-36, July.
- Productivity Commission, 2006. "Economic Impacts of Migration and Population Growth," Research Reports, Productivity Commission, Government of Australia, number 20.
- Messinis, George & Ahmed, Abdullahi D., 2013. "Cognitive skills, innovation and technology diffusion," Economic Modelling, Elsevier, vol. 30(C), pages 565-578.
- Lovaglio, Pietro Giorgio, 2008. "Process of accumulation of Italian human capital," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 342-356, December.
- Bálint BALOGH, 2013. "How To Measure Human Capital: A Short Review," Network Intelligence Studies, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 12-25, July.
- Peter E.J. Steffen, 2013. "The Real Income Shares of Labor, Human and Physical Capital: Determination Method and First Results for Germany," Macroeconomics and Finance Series 201302, Hamburg University, Department Wirtschaft und Politik.
- Vittadini, Giorgio & Lovaglio, Pietro Giorgio, 2007. "Evaluation of the Dagum-Slottje method to estimate household human capital," Structural Change and Economic Dynamics, Elsevier, vol. 18(2), pages 270-278, June.
- Castellacci, Fulvio, 2006.
"Evolutionary and new growth theories: are they converging?,"
27602, University Library of Munich, Germany.
- Fulvio Castellacci, 2007. "Evolutionary And New Growth Theories. Are They Converging?," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 585-627, 07.
- Michael S. Christian, 2013. "Human Capital Accounting in the United States: Context, Measurement, and Application," NBER Chapters, in: Measuring Economic Sustainability and Progress National Bureau of Economic Research, Inc.
- Haizheng Li & Barbara M. Fraumeni & Zhiqiang Liu & Xiaojun Wang, 2009. "Human Capital In China," NBER Working Papers 15500, National Bureau of Economic Research, Inc.
- Gang Liu, 2013. "Measuring the Stock of Human Capital for International and Inter-temporal Comparisons," NBER Chapters, in: Measuring Economic Sustainability and Progress National Bureau of Economic Research, Inc.
- Hashmi, Aamir Rafique, 2013.
"Intangible Capital And International Income Differences,"
Cambridge University Press, vol. 17(03), pages 621-645, April.
- Aamir Rafique Hashmi, 2008. "Intangible Capital and International Income Differences," Departmental Working Papers wp0801, National University of Singapore, Department of Economics.
- Beraldo, Sergio & Montolio, Daniel & Turati, Gilberto, 2009. "Healthy, educated and wealthy: A primer on the impact of public and private welfare expenditures on economic growth," The Journal of Socio-Economics, Elsevier, vol. 38(6), pages 946-956, December.
- Julian di Giovanni & Akito Matsumoto, 2011. "The Value of Human Capital Wealth," Global COE Hi-Stat Discussion Paper Series gd10-174, Institute of Economic Research, Hitotsubashi University.
- Trinh Le & John Gibson & Les Oxley, 2005. "Measures of human capital: A review of the literature," Treasury Working Paper Series 05/10, New Zealand Treasury.
- Gilberto Antonelli & Roberto Antonietti & Giovanni Guidetti, 2010.
"Organizational Change, Skill Formation, Human Capital Measurement: Evidence From Italian Manufacturing Firms,"
Journal of Economic Surveys,
Wiley Blackwell, vol. 24(2), pages 206-247, 04.
- G. Antonelli & R. Antonietti & G. Guidetti, 2009. "Organizational Change, Skill Formation, Human Capital Measurement: Evidence From Italian Manufacturing Firms," Working Papers 661, Dipartimento Scienze Economiche, Universita' di Bologna.
- Michael S. Christian, 2011. "Human Capital Accounting in the United States: Context, Measurement, and Application," BEA Working Papers 0073, Bureau of Economic Analysis.
- Sergio Beraldo & Daniel Montolio Estivill & Gilberto Turati, 2005. "Healthy, Educated and Wealthy: Is the Welfare State Really Harmful for Growth?," Working Papers in Economics 127, Universitat de Barcelona. Espai de Recerca en Economia.
- Les Oxley & David Thorns & Paul Walker & Hong Wang, 2008. "The Knowledge Economy/Society: The Latest Example of “Measurement Without Theory”?," Working Papers in Economics 08/03, University of Canterbury, Department of Economics and Finance.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.