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dc.contributor.authorWößmann, Ludgeren_US
dc.date.accessioned2009-01-28T14:58:57Z-
dc.date.available2009-01-28T14:58:57Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/17707-
dc.description.abstractA review of the measures of the stock of human capital used in empirical growth research reveals that human capital is mostly poorly proxied. The simple use of the most common proxy, average years of schooling of the working-age population, misspecifies the relationship between education and the stock of human capital. Based on human capital theory, the specification of human capital should be extended to allow for decreasing returns to education and for differences in the quality of a year of education. Cross-country differences in qualityadjusted human capital can account for about half the world-wide dispersion of levels of economic development and for virtually all the development differences across OECD countries.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1007en_US
dc.subject.jelO4en_US
dc.subject.jelI2en_US
dc.subject.ddc330en_US
dc.subject.keywordhuman capital measurementen_US
dc.subject.keywordyears of schoolingen_US
dc.subject.keywordMincer specificationen_US
dc.subject.keywordeducational qualityen_US
dc.subject.keyworddevelopment accountingen_US
dc.subject.stwHumankapitalen_US
dc.subject.stwMessungen_US
dc.subject.stwBildungsniveauen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwKognitionen_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.subject.stwOECD-Staatenen_US
dc.titleSpecifying Human Capital: A Review, Some Extensions, and Development Effectsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn32103502Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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