Methods to Estimate Human Capital Stock: a Comparative Analysis

Neagu Olimpia ()
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Neagu Olimpia: "Vasile Goldi?” Western University of Arad

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 615-620

Abstract: The paper identifies three general approaches to human capital measurement: (i)using proxies for educational variables, (ii)income-based and (iii) cost-based methods and presents a critical review of them. The measurement of human capital stock is important for assessing its impact on economic growth and for external effects generated by the production of human capital.

Keywords: human capital; economic growth (search for similar items in EconPapers)
JEL-codes: J O (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:615-620

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