EconPapers    
Economics at your fingertips  
 

Moving human capital inside the production boundary

Pirkko Aulin‐Ahmavaara
Authors registered in the RePEc Author Service: Pirkko Aulin-Ahmavaara ()

Review of Income and Wealth, 2004, vol. 50, issue 2, 213-228

Abstract: Moving human capital inside the production boundary requires human capital and its services to be treated as outputs of production processes. The primary input of labor ceases to exist, and it is necessary to redirect goods and services consumed by it as inputs in the industries that now produce human capital and its services, i.e. human time. A description of the total production system, which includes these industries, is given. This description is formalized by means of the dynamic input‐output model. The potential uses of this approach are discussed. Two well‐known approaches to include human capital in national accounts are discussed against this background. They lead to exceptionally high rates of return on inputs in human capital and, logically, also leave substantial resources available to net additions to the stocks of human capital.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/j.0034-6586.2004.00122.x

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: https://EconPapers.repec.org/RePEc:bla:revinw:v:50:y:2004:i:2:p:213-228

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2023-06-15
Handle: RePEc:bla:revinw:v:50:y:2004:i:2:p:213-228