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Modern Human Capital Analysis: Estimation of US, Canada and Italy Earning Functions

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  • Annamaria Di Bartolo

Abstract

The aim of this paper is not to supply a synthesis of the Chicago School human capital theory, but rather to define and analyze the earnings functions and their relations with the human capital concept. The earnings functions are an easy and flexible tool, for the analysis of the investments in education that, in the formulation introduced in this paper do not require hardly available data. But they dont seem to be a suitable model for the human capital analysis in its ample definition. Using Italian, Canadian and US data provided by Luxembourg Income Study, some different formulations of the Mincers earning function are estimated and compared, analyzing the effects of some socio-demographic variables on the rate of return of education. Results reflect the different labor market structure across the studied country.

Suggested Citation

  • Annamaria Di Bartolo, 1999. "Modern Human Capital Analysis: Estimation of US, Canada and Italy Earning Functions," LIS Working papers 212, LIS Cross-National Data Center in Luxembourg.
    • Handle: RePEc:lis:liswps:212
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    Cited by:

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    2. Matei, Ani & Ceche, Reli, 2018. "Assessment of Human Capital and Development.Contributions from Structural Funds," MPRA Paper 87564, University Library of Munich, Germany, revised 25 Apr 2018.
    3. Csaba Csintalan & Alina Badulescu, 2015. "Education And Human Capital As Engines For Economic Growth. A," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 665-673, December.
    4. Yurii Safonov & Viktoriia Borshch & Mykhailo Danylko, 2023. "Human Capital Assessment Methodology," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 9(3).
    5. Csaba NAGY, 2016. "Why Do We Need Human Capital Index?," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 375-385, July.
    6. Farhan Sami Khan & Imran Ashraf Toor, 2003. "Changes in Returns to Education in Pakistan: 1990-2002," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 8(2), pages 85-98, Jul-Dec.
    7. Petronela Mateescu, 2021. "Economic Development and Human Capital are Always Current Concepts," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 28, pages 208-215, December.
    8. Matei, Ani & Ceche, Reli, 2018. "Assessment of Human Capital and Development.Contributions from Structural Funds," MPRA Paper 87562, University Library of Munich, Germany, revised 25 Apr 2018.

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