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Accumulation of Human and Market Capital in the United States, 1975-2012: An Analysis by Gender

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  • Barbara M. Fraumeni
  • Michael S. Christian

Abstract

This paper covers a continuous and longer time period than previously possible to examine human and market capital because of research by Christian (2017). This paper focuses on the presentation and analysis of trends in human capital by gender. During 1975-2012 there were significant changes in participation by women, the wage gender gap, and educational attainment and time in household production by both women and men. Both the market and nonmarket sectors will be covered as well as multifactor productivity with and without human capital. (A previous paper (Fraumeni, et al. 2017) described the national income accounting system which underlies both this paper and the much earlier paper by Jorgenson and Fraumeni (1989).) New insights will be gained by looking in detail at the 1975-2012 time period.

Suggested Citation

  • Barbara M. Fraumeni & Michael S. Christian, 2019. "Accumulation of Human and Market Capital in the United States, 1975-2012: An Analysis by Gender," NBER Working Papers 25864, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:25864
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    References listed on IDEAS

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    1. Robert E. Lipsey & Helen Stone Tice, 1989. "The Measurement of Saving, Investment, and Wealth," NBER Books, National Bureau of Economic Research, Inc, number lips89-1, March.
    2. Zvi Griliches, 1992. "Output Measurement in the Service Sectors," NBER Books, National Bureau of Economic Research, Inc, number gril92-1, March.
    3. Dale W. Jorgenson & Barbara M. Fraumeni, 1992. "The Output of the Education Sector," NBER Chapters, in: Output Measurement in the Service Sectors, pages 303-341, National Bureau of Economic Research, Inc.
    4. Michael S. Christian, 2017. "Net Investment and Stocks of Human Capital in the United States, 1975-2013," International Productivity Monitor, Centre for the Study of Living Standards, vol. 33, pages 128-149, Fall.
    5. Dale W. Jorgenson & J. Steven Landefeld, 2009. "Implementation of a New Architecture for the US National Accounts," American Economic Review, American Economic Association, vol. 99(2), pages 64-68, May.
    6. Dale W. Jorgenson & J. Steven Landefeld, 2006. "Blueprint for Expanded and Integrated US Accounts: Review, Assessment, and Next Steps," NBER Chapters, in: A New Architecture for the US National Accounts, pages 13-112, National Bureau of Economic Research, Inc.
    7. 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.
    8. Peter ven de Ven & Anne Harrison & Barbara Fraumeni & Barbara M. Fraumeni & Michael S. Christian & Jon D. Samuels, 2017. "The Accumulation of Human and Nonhuman Capital, Revisited," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 381-410, December.
    9. Dale W. Jorgenson, 2009. "A New Architecture For The U.S. National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(1), pages 1-42, March.
    10. Michael S. Christian, 2010. "Human Capital Accounting in the United States: 1994 to 2006," BEA Working Papers 0049, Bureau of Economic Analysis.
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    Cited by:

    1. Katharine G. Abraham & Justine Mallatt, 2022. "Measuring Human Capital," Journal of Economic Perspectives, American Economic Association, vol. 36(3), pages 103-130, Summer.
    2. Fraumeni, Barbara M. & Christian, Michael S. & Samuels, Jon D., 2020. "The Accumulation of Human and Market Capital in the United States: The Long View, 1948–2013," IZA Discussion Papers 13239, Institute of Labor Economics (IZA).
    3. Barbara M. Fraumeni & Michael S. Christian & Jon D. Samuels, 2020. "The Accumulation of Human and Market Capital in the United States: The Long View, 1948–2013," NBER Working Papers 27170, National Bureau of Economic Research, Inc.

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    More about this item

    JEL classification:

    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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