Measures of human capital: A review of the literature

Human capital is increasingly believed to play an important role in the growth process, however, adequately measuring its stock remains controversial. This paper identifies three general approaches to human capital measurement; cost-based, income-based and education-based, and presents a critical review of the theories and their applications to data from a range of countries. Emphasis on empirical evidence will be given to the case of New Zealand.

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Year of publication:	2005-11
Authors:	Le, Trinh ; Gibson, John ; Oxley, Les
Institutions:	Treasury, Government of New Zealand
Subject:	human capital \| economic growth

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Extent:	application/pdf
Series:	Treasury Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 05/10 50 pages
Classification:	C52 - Model Evaluation and Testing ; F43 - Economic Growth of Open Economies ; N10 - Macroeconomics and Monetary Economics; Growth and Fluctuations. General, International, or Comparative ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005464972