Skip to Main Navigation

Human Capital Accumulation at Work : Estimates for the World and Implications for Development (Inglés)

In this paper, the authors: (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 household surveys and census samples across 145 countries; (ii) show that returns to work experience are strongly correlated with economic development—workers in developed countries appear to accumulate twice more human capital at work than workers in developing countries; (iii) use a simple accounting framework to find that the contribution of work experience to human capital accumulation and economic development might be as important as the contribution of education itself; 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.

Información

  • Autor

    Jedwab,Remi Camille, Romer,Paul M, Islam,Asif Mohammed, Samaniego,Roberto

  • Fecha del documento

    2021/09/29

  • Tipo de documento

    Documento de trabajo sobre investigaciones relativas a políticas

  • Número del informe

    WPS9786

  • Volumen

    1

  • Total Volume(s)

    1

  • País

    Todo el mundo,

  • Región

    Región,

  • Fecha de divulgación

    2021/09/29

  • Disclosure Status

    Disclosed

  • Nom. del doc.

    Human Capital Accumulation at Work : Estimates for the World and Implications for Development

  • Palabras clave

    return to education; long-run growth; human capital; public sector worker; adult mortality rate; human capital accumulation; contribution of education; department of economics; implications for development; labor market friction; hiv infection rate; population growth rate; difference in returns; child mortality rate; accumulation of experience; hiv prevalence rate; output per worker; divergence in income; natural resource exploitation; world war ii; state of emergency; per capita income; children start school; age of entry; formal training program; former soviet union; labor market characteristic; learning by doing; human capital stock; labor force survey; mean return; hourly wage; Learning and Innovation Credit; work experience; monthly wage; country population; self-employed individual; robustness check; child labor; household survey; panel regression; high school; standard error; average returns; depreciation rate; teen labor; accounting framework; Early childhood; early retirement; in school; richer countries; global estimate; high mortality; development policy; economic recession; terrorist attack; international income; informal training; cross-country data; downward bias; open access; positive relationship; job training; measurement error; production technology; productive resource; low earnings; colonial period; ppp terms; low unemployment; individual weight; age structure; electoral violence; data quality; average wage; available data; test score; data limitation; formal sector; wage differential; wage increase; several advantages; several factors; high unemployment; inexperienced worker; informal sector; measure of use; marital status; employment status; world economy; survey sample; small sample; new skill; Capital Investments; small country; schooling system; great depression; income gap; broad consensus; panel framework; aggregate return; civil rights; Research Support; monotonic relationship; female workers; earnings increase; saharan africa; average person; older individual; applied skill; little attention; individual study; agricultural sector; total stock; cross-sectional regression; cross-country differences; high share; pearl harbor; cold war; account analysis; cross-country regression; econometric challenge; wage growth; cross sections; working life; wage changes; aggregate income; historical event; welfare improvement; education level; present study; sectoral employment; racial segregation

Descargas

INFORME COMPLETO

Versión oficial del documento (puede incluir firmas, etc.)

  • Versión oficial (PDF)
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *La versión texto es una versión realizada con reconocimiento óptico de caracteres, sin corregir. Esta versión se ofrece únicamente en beneficio de los usuarios que cuentan con una conexión lenta.