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Formative Indicators and Effects of a Causal Model for Household Human Capital with Application

Author

Listed:
  • Camilo Dagum
  • Giorgio Vittadini
  • Pietro Giorgio Lovaglio

Abstract

Dagum and Slottje (2000) estimated household human capital (HC) as a latent variable (LV) and proposed its monetary estimation by means of an actuarial approach. This paper introduces an improved method for the estimation of household HC as an LV by means of formative and reflective indicators in agreement with the accepted economic definition of HC. The monetary value of HC is used in a recursive causal model to obtain short- and long-term multipliers that measure the direct and total effects of the variables that determine household HC. The new method is applied to estimate US household HC for year 2004.

Suggested Citation

  • Camilo Dagum & Giorgio Vittadini & Pietro Giorgio Lovaglio, 2007. "Formative Indicators and Effects of a Causal Model for Household Human Capital with Application," Econometric Reviews, Taylor & Francis Journals, vol. 26(5), pages 579-596.
  • Handle: RePEc:taf:emetrv:v:26:y:2007:i:5:p:579-596
    DOI: 10.1080/07474930701512246
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    Citations

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    Cited by:

    1. Anna Simonetto & Emma Zavarrone, 2015. "A micro approach to cognitive skills’ growth in a university context," Quality & Quantity: International Journal of Methodology, Springer, vol. 49(3), pages 1013-1022, May.
    2. Pietro Giorgio Lovaglio & Giuseppe Folloni, 2011. "The estimation of Human Capital in structural models with flexible specification," Working Papers 11, AlmaLaurea Inter-University Consortium.
    3. Rosanna Cataldo & Maria Gabriella Grassia & Natale Carlo Lauro & Elena Ragazzi & Lisa Sella, 2016. "Individual Disadvantage and Training Policies: The Makings of "Model-based" Composite Indicators," IRCrES Working Paper 201602, Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    4. Lovaglio, Pietro Giorgio, 2008. "Process of accumulation of Italian human capital," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 342-356, December.
    5. Pietro Giorgio Lovaglio & Gianmarco Vacca & Stefano Verzillo, 2016. "Human capital estimation in higher education," Advances in Data Analysis and Classification, Springer;German Classification Society - Gesellschaft für Klassifikation (GfKl);Japanese Classification Society (JCS);Classification and Data Analysis Group of the Italian Statistical Society (CLADAG);International Federation of Classification Societies (IFCS), vol. 10(4), pages 465-489, December.

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