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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...
Persistent link: https://www.econbiz.de/10012202839
This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling...
Persistent link: https://www.econbiz.de/10013202470
We construct a revised version of the Barro and Lee (1996) data set for a sample of OECD countries using previously unexploited sources and following a heuristic approach to obtain plausible time profiles for attainment levels by removing sharp breaks in the data that seem to reflect changes in...
Persistent link: https://www.econbiz.de/10012445997
We construct a revised version of the Barro and Lee (1996) data set for a sample of OECD countries using previously unexploited sources and following a heuristic approach to obtain plausible time profiles for attainment levels by removing sharp breaks in the data that seem to reflect changes in...
Persistent link: https://www.econbiz.de/10005045843
correcting for measurement error bias, the value of this parameter is well above 0.50. …
Persistent link: https://www.econbiz.de/10005498069
We construct a revised version of the Barro and Lee (1996) data set for a sample of OECD countries using previously unexploited sources and following a heuristic approach to obtain plausible time profiles for attainment levels by removing sharp breaks in the data that seem to reflect changes in...
Persistent link: https://www.econbiz.de/10005666682
We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer to the technological frontier under the reasonable...
Persistent link: https://www.econbiz.de/10005792394
Persistent link: https://www.econbiz.de/10011780431
Existing growth research provides little explanation for the very large differences in long-run growth performance across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of economic institutions and quantitative measures of...
Persistent link: https://www.econbiz.de/10008738436
This survey reviews the existing literature, identifying the contribution of agriculture, schooling, and nutrition to economic growth and development over time and across countries. Particular attention is paid to the roles of improvements in agricultural technology and of the human capital of...
Persistent link: https://www.econbiz.de/10014024081