Detail A Labor Income-Based Measure of The Value of Human Capital : An Application to The States of The United States   Oleh:  Mulligan, C. B. ; Sala-i-Martin, X. Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 9 no. 2 (1997), page 159-192. Topik: HUMAN CAPITAL; labor - income; value; human capital Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We argue that a sensible measure of the aggregate value of human capital is the ratio of total labor income per capita to the wage of a person with zero years of schooling. The reason is that total labor income not only incorporates human capital but also physical capital : given human capital regions with higher physical capital will tend to have higher wages for all workers and, therefore, higher labor income. We find that one way to net out the effect of aggregate physical capital on labor income is to divide labor income by the wage of a zero - schooling worker. For the average U. S. state, our measure suggests that the value of human capital during the 1980 s grew at a much larger rate than schooling. The reason has to do with movements in the relative productivities of the different workers : in some sense, some workers and some types of schooling became more relevant in the 1980 s and, as a result, measured human capital increased. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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