Measuring Human Capital: Alternative Methods and International Evidence

Les OXxley, Trinh Le and John Gibson
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Les OXxley: University of Canterbury

Korean Economic Review, 2008, vol. 24, 283-344

Abstract: Human capital is increasingly believed to play an important role in the growth process, however, adequately measuring its stock remains controversial. This paper identifies three general approaches to human capital measurement; cost-based, income-based and education-based, and presents a critical review of the theories and their applications to data from a range of countries. Emphasis on empirical evidence will be given to the case of New Zealand.

Keywords: Human Capital; Economic Growth (search for similar items in EconPapers)
JEL-codes: J24 O47 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (15)

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