Growth and Human Capital: Good Data, Good Results

Daniel Cohen and Marcelo Soto

No 3025, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This Paper presents a new set of data on human capital. It is constructed so as to stay as close as possible to the censuses compiled by national, OECD or UNESCO sources. We then use these data to test a model that embeds the Mincerian approach to human capital into the Mankiw, Romer and Weil version of the neo-classical model. We find that the model performs extremely well. Physical and human capital appears to carry social returns that are essentially identical to the private ones.

Keywords: Growth; Education; Human capital (search for similar items in EconPapers)
JEL-codes: O40 (search for similar items in EconPapers)
Date: 2001-10
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Citations: View citations in EconPapers (166)

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Related works:
Journal Article: Growth and human capital: good data, good results (2007)
Working Paper: Growth and Human Capital: Good Data, Good Results (2001)
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