Човешки Капитал, Водещ Човешки Капитал И Доходи От Труд: Как Образованието Определя Дохода От Труд В Икономиката На България?
[Human Capital, Leading Human Capital and Labour Incomes]
AbstractWhat is the level of accumulated human capital in an economy in transition? Does education determine labour income in transition economies? In this study we try to answer these questions using data on 148,942 employees in 13 economic activities in Bulgaria. In the first place, we refer to the term "zero-skilled human capital". Secondly, we introduce and define the term "leading human capital" and measure the distance between each working individual and the leading human capital in respect with labour income. Then, we attempt to measure the accumulated human capital based on the methodology introduced by Mulligan and Sala-i-Martin (1995). In addition to previously existing approaches, we justify application of the distance between zero-skilled and leading human capital as an alternative measure of accumulated human capital. Finally, we evaluate the impact of education both on labor income as well as on distance to leading human capital.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 34261.
Date of creation: 21 Dec 2008
Date of revision:
human capital; labour incomes; measuring human capital; zero-skilled human capital; leading human capital; distance to leading human capital; transition economies;
Other versions of this item:
- Ralitsa Simeonova-Ganeva & Nataliya Panayotova, 2009. "Човешки Капитал, Водещ Човешки Капитал И Доходи От Труд: Как Образованието Определя Дохода От Труд В Икономик," Working paper series 32009bg, Agency for Economic Analysis and Forecasting.
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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