scholarly journals Human Capital Quality and Aggregate Income Differences: Development Accounting for U.S. States

2015 ◽  
Author(s):  
Eric A. Hanushek ◽  
Jens Ruhose ◽  
Ludger Woessmann
Keyword(s):  
Human Capital ◽  
Income Differences ◽  
Development Accounting ◽  
Aggregate Income

Revisiting human capital and aggregate income differences

2020 ◽  
Vol 91 ◽  
pp. 43-64
Author(s):  
Susanna G. Campbell ◽  
Murat Üngör
Keyword(s):  
Human Capital ◽  
Income Differences ◽  
Aggregate Income

scholarly journals The Relative Efficiency of Skilled Labor across Countries: Measurement and Interpretation

2022 ◽  
Vol 112 (1) ◽  
pp. 235-266
Author(s):  
Federico Rossi
Keyword(s):  
Human Capital ◽  
Relative Efficiency ◽  
Skilled Labor ◽  
Stages Of Development ◽  
Skill Bias ◽  
Development Accounting ◽  
Country Differences ◽  
Cross Country ◽  
Rich Countries ◽  
High Skill

I study how the relative efficiency of high- and low-skill labor varies across countries. Using microdata for countries at different stages of development, I document that differences in relative quantities and wages are consistent with high-skill workers being relatively more productive in rich countries. I exploit variation in the skill premia of foreign-educated migrants to discriminate between two possible drivers of this pattern: cross-country differences in the skill bias of technology and in the relative human capital of skilled labor. I find that the former is quantitatively more important, and discuss the implications of this result for development accounting. (JEL I26, J24, J31, J61, L16, O15)

scholarly journals Human capital and state income differences in Mexico

2021 ◽  
pp. 1-18
Author(s):  
Jorge N. Valero-Gil ◽  
Magali Valero
Keyword(s):  
Human Capital ◽  
Income Differences ◽  
State Income

scholarly journals Experience Matters: Human Capital and Development Accounting

2012 ◽  
Author(s):  
David Lagakos ◽  
Benjamin Moll ◽  
Tommaso Porzio ◽  
Nancy Qian ◽  
Todd Schoellman
Keyword(s):  
Human Capital ◽  
Development Accounting

INTANGIBLE CAPITAL AND INTERNATIONAL INCOME DIFFERENCES

2011 ◽  
Vol 17 (3) ◽  
pp. 621-645 ◽  
Author(s):  
Aamir Rafique Hashmi
Keyword(s):  
Human Capital ◽  
Growth Model ◽  
American Economic Review ◽  
Intangible Capital ◽  
Capital Account ◽  
Income Differences ◽  
Neoclassical Growth Model ◽  
Poor Countries ◽  
Neoclassical Growth

I add intangible capital to a variant of the neoclassical growth model that already features physical and human capital, and study the implications for international income differences. I calibrate the parameters associated with intangible capital by using new estimates of investment in intangibles by Corrado et al. [Review of Income and Wealth 55, 661–685 (2009)] and depreciation rates by Corrado and Hulten [American Economic Review 100, 99–104 (2010)]. I find that for a given efficiency difference between rich and poor countries, the model with intangible capital can explain more than double the income differences of the model without. Put another way, in the benchmark case, differences in intangible capital account for 14.3% of the observed income differences. I also examine the role played by intangible capital in versions of the model with barriers to accumulation. In all the variants that I consider, differences in intangible capital account for 10% to 22% of the observed income differences.

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