Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109430
Authors: 
Son, Hyun Hwa
Year of Publication: 
2012
Series/Report no.: 
ADB Economics Working Paper Series 311
Abstract: 
Human capital refers to the ability and efficiency of people to transform raw materials and capital into goods and services, the consensus being that these skills can be learned through the educational system. The concept of human capital, necessarily, is related to the productivity of workers. Thus, this paper develops a productivity-based single measure of human capital, taking account of different levels of education and productivity differentials across workers. Using this new measure, the paper presents empirical estimates of human capital in Viet Nam and compares the stock of human capital contributed by vocational education and general education. The paper extends its analysis by investigating the extent to which human capital is utilized at different levels of education in the labor market. It also deals with equity in human capital, particularly as contributed by vocational education, and measures this equity across income quintiles and various socioeconomic and demographic groups in Viet Nam.
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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