Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17707 
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dc.contributor.authorWößmann, Ludgeren
dc.date.accessioned2009-01-28T14:58:57Z-
dc.date.available2009-01-28T14:58:57Z-
dc.date.issued2000-
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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1007en
dc.subject.jelO4en
dc.subject.jelI2en
dc.subject.ddc330en
dc.subject.keywordhuman capital measurementen
dc.subject.keywordyears of schoolingen
dc.subject.keywordMincer specificationen
dc.subject.keywordeducational qualityen
dc.subject.keyworddevelopment accountingen
dc.subject.stwHumankapitalen
dc.subject.stwMessungen
dc.subject.stwBildungsniveauen
dc.subject.stwBildungsertragen
dc.subject.stwKognitionen
dc.subject.stwEntwicklungskonvergenzen
dc.subject.stwSchätzungen
dc.subject.stwTheorieen
dc.subject.stwWelten
dc.subject.stwOECD-Staatenen
dc.titleSpecifying Human Capital: A Review, Some Extensions, and Development Effects-
dc.typeWorking Paperen
dc.identifier.ppn859620875en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1007en
dc.identifier.printppn32103502Xen

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