A new macroeconomic measure of human capital with strong empirical links to productivity:
This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis explaining p...
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| Main Author: | |
|---|---|
| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2019
|
| Series: | OECD Economics Department Working Papers
no.1575 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis explaining productivity across OECD countries and over time. In OECD samples, coefficient estimates are broadly consistent with the private returns underlying the construction of the new measures of human capital. In a wider sample of countries, most estimates imply additional positive social returns. |
| Physical Description: | 1 Online-Ressource (54 Seiten) |
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| indexdate | 2025-03-18T14:29:27Z |
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| spelling | Botev, Jarmila VerfasserIn aut A new macroeconomic measure of human capital with strong empirical links to productivity Jarmila, Botev ... [et al] Paris OECD Publishing 2019 1 Online-Ressource (54 Seiten) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1575 This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis explaining productivity across OECD countries and over time. In OECD samples, coefficient estimates are broadly consistent with the private returns underlying the construction of the new measures of human capital. In a wider sample of countries, most estimates imply additional positive social returns. Economics Égert, Balázs MitwirkendeR ctb Smidova, Zuzana MitwirkendeR ctb Turner, David MitwirkendeR ctb |
| spellingShingle | Botev, Jarmila A new macroeconomic measure of human capital with strong empirical links to productivity Economics |
| title | A new macroeconomic measure of human capital with strong empirical links to productivity |
| title_auth | A new macroeconomic measure of human capital with strong empirical links to productivity |
| title_exact_search | A new macroeconomic measure of human capital with strong empirical links to productivity |
| title_full | A new macroeconomic measure of human capital with strong empirical links to productivity Jarmila, Botev ... [et al] |
| title_fullStr | A new macroeconomic measure of human capital with strong empirical links to productivity Jarmila, Botev ... [et al] |
| title_full_unstemmed | A new macroeconomic measure of human capital with strong empirical links to productivity Jarmila, Botev ... [et al] |
| title_short | A new macroeconomic measure of human capital with strong empirical links to productivity |
| title_sort | new macroeconomic measure of human capital with strong empirical links to productivity |
| topic | Economics |
| topic_facet | Economics |
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