AN AGGREGATED INDEX OF HUMAN CAPITAL

Jose de Hevia and María Arrazola

Economics Bulletin, 2007, vol. 10, issue 1, 1-11

Abstract: In this paper, taking the model of Arrazola and Hevia (Applied Economics Letters, 11 – 145-8, 2004) as a starting point, we propose a homogeneous measure of human capital of individuals, which permits interpersonal comparisons. This indicator has been set up for a sample of Spanish men and women and compared to the results obtained when using Portela's proposal to construct a human capital indicator (Economics Letters, 72, 27-32, 2001). It was concluded that both from a theoretical and empirical point of view, the properties of the index proposed in this article are better than those of Portela''s suggested measure.

Keywords: human; capital. (search for similar items in EconPapers)
JEL-codes: I2 J2 (search for similar items in EconPapers)
Date: 2007-03-19
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Citations: View citations in EconPapers (1)

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