Human Capital Accumulation at Work: Estimates for the World and Implications for Development

Remi Jedwab, Paul M Romer, Asif Islam and Roberto Samaniego ()

No 9786, Policy Research Working Paper Series from The World Bank

Abstract: In this paper, the authors: (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 household surveys and census samples across 145 countries; (ii) show that returns to work experience are strongly correlated with economic development—workers in developed countries appear to accumulate twice more human capital at work than workers in developing countries; (iii) use a simple accounting framework to find that the contribution of work experience to human capital accumulation and economic development might be as important as the contribution of education itself; and (iv) employ panel regressions to investigate how changes in the returns over time correlate with several factors such as economic recessions, transitions, and human capital stocks.

Keywords: Educational Sciences; Economics of Education; Law and Justice Institutions; Labor Markets (search for similar items in EconPapers)
Date: 2021-09-29
New Economics Papers: this item is included in nep-gro
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Human Capital Accumulation at Work: Estimates for the World and Implications for Development (2023)
Working Paper: Human Capital Accumulation at Work: Estimates for the World and Implications for Development (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:9786

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