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The Measurement of Human Capital Methods

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  • Miciuła Ireneusz

    (University of Szczecin, Faculty of Economics and Management, Institute of Finance, Mickiewicza 64, 71-101 Szczecin, Poland)

Abstract

Nowadays, knowledge and technology is a key factor supporting socio-economic development. Human capital gained crucial importance for the development, and became a major factor of the success. This paper attempts to expose the nature and components of human capital. The aim of this paper is to present the specificity and components of human capital, and to discuss the methods of measurement and the dilemmas of their practical application. Nowadays, the advantage is achieved thanks to unique and difficult to copy resources. One such resource is human capital, whose identification and measurement becomes a key task for both countries and companies.

Suggested Citation

  • Miciuła Ireneusz, 2016. "The Measurement of Human Capital Methods," Folia Oeconomica Stetinensia, Sciendo, vol. 16(1), pages 37-49, December.
    • Handle: RePEc:vrs:foeste:v:16:y:2016:i:1:p:37-49:n:3
    DOI: 10.1515/foli-2016-0003
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    References listed on IDEAS

    as
    1. Wachtel, Paul, 1997. "A labor-income based measure of the value of human capital: An application to the states of the US: Comments," Japan and the World Economy, Elsevier, vol. 9(2), pages 193-196, May.
    2. Barbara M. Fraumeni, 2011. "Human Capital Accounts: Choice of Rates and Construction of Volume Indices," NBER Working Papers 16895, National Bureau of Economic Research, Inc.
    3. Jean O. Lanjouw & Mark Schankerman, 2004. "Patent Quality and Research Productivity: Measuring Innovation with Multiple Indicators," Economic Journal, Royal Economic Society, vol. 114(495), pages 441-465, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    quotation; methods of measurement; monetary value; human capital;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • D6 - Microeconomics - - Welfare Economics
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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