Human Capital Accumulation at Work: Estimates for the World and Implications for Development

Remi Jedwab, Asif Islam, Paul Romer and Roberto Samaniego ()
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Paul Romer: New York University

Working Papers from The George Washington University, Institute for International Economic Policy

Abstract: In this paper, we: (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 household surveys and census samples across 145 countries; (ii) show that returns to work experience are strongly correlated with economic development - workers in developed countries appear to accumulate twice more human capital at work than workers in developing countries; and (iii) use a simple accounting framework to find that the contribution of work experience to human capital accumulation and economic development might be as important as the contribution of education itself.

Keywords: Returns to Work Experience; Returns to Education; Human Capital Accumulation; Economic Development; Labor Markets; Development Accounting (search for similar items in EconPapers)
JEL-codes: E24 J11 J31 O11 O12 O15 O47 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2020-03
New Economics Papers: this item is included in nep-gro and nep-mac
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Citations: View citations in EconPapers (1)

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http://www2.gwu.edu/~iiep/assets/docs/papers/2020WP/JedwabIIEP2020-3.pdf (application/pdf)

Related works:
Journal Article: Human Capital Accumulation at Work: Estimates for the World and Implications for Development (2023)
Working Paper: Human Capital Accumulation at Work: Estimates for the World and Implications for Development (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:gwi:wpaper:2020-3

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