The Human Capital Stock: A Generalized Approach

Benjamin Jones

No 17487, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper presents a new framework for human capital measurement. The generalized framework can (i) substantially amplify the role of human capital in accounting for cross-country income differences and (ii) reconcile the existing conflict between regression and accounting evidence in assessing the wealth and poverty of nations. One natural interpretation emphasizes differences across economies in the acquisition of advanced knowledge by skilled workers.

JEL-codes: I2 J2 J3 O1 O4 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-hrm
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Citations: View citations in EconPapers (18)

Published as Benjamin F. Jones, 2014. "The Human Capital Stock: A Generalized Approach," American Economic Review, vol 104(11), pages 3752-3777.

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Journal Article: The Human Capital Stock: A Generalized Approach (2014)
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