Advanced Search
MyIDEAS: Login

Human Capital Accounting in the United States: Context, Measurement, and Application

Contents:

Author Info

  • Michael S. Christian

    (Bureau of Economic Analysis)

Registered author(s):

    Abstract

    This study updates Christian's (2010) human capital account for the United States to the year 2009, refining the underlying data and putting the account into international context by reviewing applications in the rest of the world. It also measures the sensitivity of human capital measures to alternative assumptions about income growth rates, discount rates, the treatment of taxes, smoothing and imputation of labor force and school enrollment data, and the valuation of non-market time. It concludes with an application to the measurement of the output of the education sector.

    Download Info

    If 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.
    File URL: http://www.bea.gov/papers/pdf/human_capital_accounting_in_the_united_states.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Bureau of Economic Analysis in its series BEA Working Papers with number 0073.

    as in new window
    Length:
    Date of creation: Jul 2011
    Date of revision:
    Handle: RePEc:bea:wpaper:0073

    Contact details of provider:
    Phone: 202-482-4883
    Email:
    Web page: http://www.bea.gov/research/index.htm
    More information through EDIRC

    Related research

    Keywords:

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Robert H. Haveman & Andrew Bershadker & Jonathan A. Schwabish, 2003. "Human Capital in the United States from 1975 to 2000: Patterns of Growth and Utilization," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number hcus.
    2. Gu, Wulong Wong, Ambrose, 2010. "Estimates of Human Capital in Canada: The Lifetime Income Approach," Economic Analysis (EA) Research Paper Series 2010062e, Statistics Canada, Analytical Studies Branch.
    3. Mark Aguiar & Erik Hurst, 2006. "Measuring trends in leisure: the allocation of time over five decades," Working Papers 06-2, Federal Reserve Bank of Boston.
    4. Daniel Feenberg & Elisabeth Coutts, 1993. "An introduction to the TAXSIM model," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 12(1), pages 189-194.
    5. Jaeger, David A, 1997. "Reconciling the Old and New Census Bureau Education Questions: Recommendations for Researchers," Journal of Business & Economic Statistics, American Statistical Association, vol. 15(3), pages 300-309, July.
    6. Jaeger, David A., 2002. "Estimating the Returns to Education Using the Newest Current Population Survey Education Questions," IZA Discussion Papers 500, Institute for the Study of Labor (IZA).
    7. Richard Jones & Blessing Chiripanhura, 2010. "Measuring the UK's human capital stock," Economic and Labour Market Review, Palgrave Macmillan, vol. 4(11), pages 36-63, November.
    8. Ahlroth, Sofia & Bjorklund, Anders & Forslund, Anders, 1997. "The Output of the Swedish Education Sector," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(1), pages 89-104, March.
    9. Trinh Le & John Gibson & Les Oxley, 2006. "A Forward-Looking Measure Of The Stock Of Human Capital In New Zealand," Manchester School, University of Manchester, vol. 74(5), pages 593-609, 09.
    10. Mary O’Mahony & Philip Stevens, 2009. "Output and productivity growth in the education sector: comparisons for the US and UK," Journal of Productivity Analysis, Springer, vol. 31(3), pages 177-194, June.
    11. Astrid Oline Ervik & Erling Holmøy & Torbjørn Hægeland, 2003. "A Theory-Based Measure of the Output of the Education Sector," Discussion Papers 353, Research Department of Statistics Norway.
    12. Trinh Le & John Gibson & Les Oxley, 2003. "Cost- and Income-based Measures of Human Capital," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 271-307, 07.
    13. Haizheng Li & Barbara M. Fraumeni & Zhiqiang Liu & Xiaojun Wang, 2009. "Human Capital In China," NBER Working Papers 15500, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bea:wpaper:0073. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Bernstein).

    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.