An integrated approach for estimating the stock of human capital in the United States isdeveloped which eliminates well known problems associated with both the cost and income basedmethods currently in use. Historical information on the cost of the educational investment madein base entrants...

An integrated approach for estimating the stock of human capital in the United States is developed which eliminates well known problems associated with both the cost and income based methods currently in use. Historical information on the cost of the educational investment made in base entrants...