Data and Code for: Measuring Human Capital
Principal Investigator(s): View help for Principal Investigator(s) Katharine Abraham, University of Maryland; Justine Mallatt, Bureau of Economic Analysis
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| CostData | 06/08/2022 01:11:PM | ||
| Figure1DataAndCode | 07/19/2022 02:09:PM | ||
| Figure2DataAndCode | 07/19/2022 11:09:AM | ||
| Figure3DataAndCode | 06/08/2022 01:29:PM | ||
| Table2DataAndCode | 07/19/2022 02:49:PM | ||
|
|
application/vnd.openxmlformats-officedocument.spreadsheetml.sheet | 13.1 KB | 07/19/2022 10:01:AM |
|
|
text/plain | 19.7 KB | 07/19/2022 10:03:AM |
|
|
application/vnd.openxmlformats-officedocument.wordprocessingml.document | 27.7 KB | 07/19/2022 10:02:AM |
|
|
application/pdf | 180.2 KB | 07/19/2022 10:08:AM |
Project Citation:
Abraham, Katharine, and Mallatt, Justine. Data and Code for: Measuring Human Capital. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-07-27. https://doi.org/10.3886/E172261V1
Project Description
Summary:
View help for Summary
There
are many reasons to want measures of countries’ investments in human capital
and especially their investments in formal education. We review the existing literature
on the measurement of human capital. Broadly speaking, economists have proposed
three approaches to the measurement of human capital—the indicator approach,
the cost approach and the income approach. Studies employing the indicator
approach have used single measures such as average years of schooling or created
indexes of multiple measures as human capital proxies. The cost approach values
human capital investments based on spending. The income approach values human
capital investments by looking forward to the increment to expected future
earnings they produce. The latter two approaches have the significant advantage
of consistency with national income accounting practices and measures of other
types of capital, but there are also challenges to their implementation.
Measures based on the income approach typically yield far larger estimates of
the value of human capital than measures based on the cost approach. We outline
possible reasons for this discrepancy and show how changes in assumptions can
reconcile estimates based on the two approaches.
Scope of Project
Subject Terms:
View help for Subject Terms
human capital;
national accounts;
measurement;
returns to education
JEL Classification:
View help for JEL Classification
E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
I26 Returns to Education
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
I26 Returns to Education
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
Geographic Coverage:
View help for Geographic Coverage
United States,
157 Countries
Time Period(s):
View help for Time Period(s)
2006 – 2020
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.