المستودع الأكاديمي جامعة المدينة

Specifying Human Capital: A Review, Some Extensions, and Development Effects

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dc.creator Wößmann, Ludger
dc.date 2000
dc.date.accessioned 2013-10-16T06:56:27Z
dc.date.available 2013-10-16T06:56:27Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17707
dc.identifier ppn:32103502X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17707
dc.description A review of the measures of the stock of human capital used in empirical growth research reveals that human capital is mostly poorly proxied. The simple use of the most common proxy, average years of schooling of the working-age population, misspecifies the relationship between education and the stock of human capital. Based on human capital theory, the specification of human capital should be extended to allow for decreasing returns to education and for differences in the quality of a year of education. Cross-country differences in qualityadjusted human capital can account for about half the world-wide dispersion of levels of economic development and for virtually all the development differences across OECD countries.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1007
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O4
dc.subject I2
dc.subject ddc:330
dc.subject human capital measurement
dc.subject years of schooling
dc.subject Mincer specification
dc.subject educational quality
dc.subject development accounting
dc.subject Humankapital
dc.subject Messung
dc.subject Bildungsniveau
dc.subject Bildungsertrag
dc.subject Kognition
dc.subject Entwicklungskonvergenz
dc.subject Schätzung
dc.subject Theorie
dc.subject Welt
dc.subject OECD-Staaten
dc.title Specifying Human Capital: A Review, Some Extensions, and Development Effects
dc.type doc-type:workingPaper


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