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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.aeaweb.org/doi/10.1257/mac.20210002 (application/pdf)
https://doi.org/10.3886/E176481V1 (text/html)
https://www.aeaweb.org/doi/10.1257/mac.20210002.appx (application/pdf)
https://www.aeaweb.org/doi/10.1257/mac.20210002.ds (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

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)
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: https://EconPapers.repec.org/RePEc:aea:aejmac:v:15:y:2023:i:3:p:191-223

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

DOI: 10.1257/mac.20210002

Access Statistics for this article

American Economic Journal: Macroeconomics is currently edited by Simon Gilchrist

More articles in American Economic Journal: Macroeconomics from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().