Measures of human capital: A review of the literature

Trinh Van Thi Le (), John Gibson () and Les Oxley ()

No 05/10, Treasury Working Paper Series from New Zealand Treasury

Abstract: 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.

Keywords: human capital; economic growth (search for similar items in EconPapers)
JEL-codes: C52 F43 N10 O41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-edu
Date: 2005-11
View list of references View citations in EconPapers

Downloads: (external link)
http://www.treasury.govt.nz/publications/research- ... 5/05-10/twp05-10.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:nzt:nztwps:05/10

Access Statistics for this paper

More papers in Treasury Working Paper Series from New Zealand Treasury
Address: New Zealand Treasury, PO Box 3724, Wellington, New Zealand
Contact information at EDIRC.
Series data maintained by Geraldine Bruin ().