Measuring Human Capital: Paradoxes and Contradictions

I. Soboleva

Voprosy Ekonomiki, 2009, issue 9

Abstract: The article considers the evolution of the main approaches to the measurement of human capital. It shows that each approach disregards some important aspects of the phenomenon which leads to the biases in the results of statistical research. The major inconsistencies arise in Russia and other transition economies, whereas for the countries that have a developed competitive labor market the problems are less acute. Methodological dead ends and the impossibility of the value-based computation of human capital stock require a shift in perspective — from the direct measurement to the analysis of human capital which emphasizes tendencies and interrelations.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:922

DOI: 10.32609/0042-8736-2009-9-51-70

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