American Economic Journal:
Macroeconomics
ISSN 1945-7707 (Print) | ISSN 1945-7715 (Online)
Human Capital Accumulation at Work: Estimates for the World and Implications for Development
American Economic Journal: Macroeconomics
vol. 15,
no. 3, July 2023
(pp. 191–223)
Abstract
We (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 surveys and census samples across 145 countries; (ii) show that workers in developed countries accumulate twice as much human capital at work as those in developing countries; (iii) use a simple accounting framework to find that the contribution of work experience and education to human capital accumulation and economic development might be equally important; and (iv) employ panel regressions to investigate how changes in the returns over time correlate with several factors such as economic recessions, transitions, and human capital stocks.Citation
Jedwab, Remi, Paul Romer, Asif M. Islam, and Roberto Samaniego. 2023. "Human Capital Accumulation at Work: Estimates for the World and Implications for Development." American Economic Journal: Macroeconomics, 15 (3): 191–223. DOI: 10.1257/mac.20210002Additional Materials
JEL Classification
- D12 Consumer Economics: Empirical Analysis
- I25 Education and Economic Development
- I26 Returns to Education
- J24 Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 Wage Level and Structure; Wage Differentials
- O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
There are no comments for this article.
Login to Comment