Human Capital and Development Accounting: New Evidence from Immigrant Earnings

Todd Schoellman and Lutz Hendricks
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Lutz Hendricks: UNC Chapel Hill

No 702, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: This paper constructs quality adjusted labor inputs for 50 countries, disaggregated into 7 school levels. Our estimates of labor qualities are based on the wages of immigrants observed in 11 host countries. Based on these estimated labor inputs, we address two questions. First, we estimate the contribution of human capital to variation in output per worker across countries. We find that labor quality accounts for 12% of this variation, while capital and labor inputs jointly account for 43%. Second, we study the cross-country variation in the relative productivities of skilled and unskilled workers. Since we find little evidence of variation in the relative qualities of skilled versus unskilled workers, we conclude that more educated countries employ more skill biased technologies.

Date: 2014
New Economics Papers: this item is included in nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed014:702

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