ЧОВЕШКИ КАПИТАЛ, ВОДЕЩ ЧОВЕШКИ КАПИТАЛ И ДОХОДИ ОТ ТРУД: Как образованието определя дохода от труд в икономиката на България?

Human Capital, Leading Human Capital and Labour Incomes

Ralitsa Simeonova-Ganeva and Nataliya Panayotova
Authors registered in the RePEc Author Service: Ралица Симеонова-Ганева

MPRA Paper from University Library of Munich, Germany

Abstract: What is the level of accumulated human capital in an economy in transition? Does education determine labour income in transition economies? In this study we try to answer these questions using data on 148,942 employees in 13 economic activities in Bulgaria. In the first place, we refer to the term "zero-skilled human capital". Secondly, we introduce and define the term "leading human capital" and measure the distance between each working individual and the leading human capital in respect with labour income. Then, we attempt to measure the accumulated human capital based on the methodology introduced by Mulligan and Sala-i-Martin (1995). In addition to previously existing approaches, we justify application of the distance between zero-skilled and leading human capital as an alternative measure of accumulated human capital. Finally, we evaluate the impact of education both on labor income as well as on distance to leading human capital.

Keywords: human capital; labour incomes; measuring human capital; zero-skilled human capital; leading human capital; distance to leading human capital; transition economies (search for similar items in EconPapers)
JEL-codes: J24 J3 (search for similar items in EconPapers)
Date: 2008-12-21
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Related works:
Working Paper: Човешки капитал, водещ човешки капитал и доходи от труд: Как образованието определя дохода от труд в икономиката на България? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34261

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