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

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

American Economic Journal: Macroeconomics, 2023, vol. 15, issue 3, 191-223

Abstract: We (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 surveys and census samples across 145 countries; (ii) show that workers in developed countries accumulate twice as much human capital at work as those in developing countries; (iii) use a simple accounting framework to find that the contribution of work experience and education to human capital accumulation and economic development might be equally important; 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.

JEL-codes: D12 I25 I26 J24 J31 O15 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Human Capital Accumulation at Work: Estimates for the World and Implications for Development (2021)
Working Paper: Human Capital Accumulation at Work: Estimates for the World and Implications for Development (2020)
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DOI: 10.1257/mac.20210002

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