Measuring the Economic Flows of UK Human Capital

Sami Mubarak, Cliodhna Taylor, Gueorguie Vassilev, Richard Heys, Robbie Fisher, Ed Bailey, Sophie Peabody and Paul Dunstan

Discussion Papers from Economic Statistics Centre of Excellence

Abstract: This paper presents a method to estimate the economic flows associated with the UK’s nominal human capital stock. We identify and estimate the size of multiple factors that cause the human capital stock to change from one year to the next. Estimates are presented for the years 2005 to 2020. We also propose and discuss how these changes in the stock could be categorised into the higher-level economic flow categories associated with the System of National Accounts 2008 such as: Gross Capital Formation, Capital Consumption, Revaluations and Other Changes in Volume.

Keywords: Human Capital; Stock; Economic Flows; Capital; National Accounts; Sustainability; Inclusive Wealth (search for similar items in EconPapers)
JEL-codes: E01 E21 E22 E24 J24 O40 (search for similar items in EconPapers)
Date: 2024-04-09
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Persistent link: https://EconPapers.repec.org/RePEc:eoe:escoed:escoe-dp-2024-05

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