Replication data for: The Human Capital Stock: A Generalized Approach

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Project Citation:

Jones, Benjamin F. Replication data for: The Human Capital Stock: A Generalized Approach. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112711V1

Project Description

Summary: This paper reconsiders the traditional approach to human capital measurement in the study of cross-country income differences. Within a broader class of neoclassical human capital aggregators, traditional accounting is found to be a theoretical lower bound on human capital difference across economies. Implementing a generalized accounting empirically illustrates the possibility that capital variation may now account (even fully) for the large income variation between rich and poor countries. These findings reject the constraints on human capital variation that traditional accounting has imposed.

Scope of Project

JEL Classification:
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
J24 Human Capital; Skills; Occupational Choice; Labor Productivity

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Published Versions

V1 [2019-10-11]

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