Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/70339 
Year of Publication: 
2010
Series/Report no.: 
CIBC Working Paper No. 2010-4
Publisher: 
The University of Western Ontario, CIBC Centre for Human Capital and Productivity, London (Ontario)
Abstract: 
Separate identification of the price and quantity of human capital has important implications for understanding key issues in economics. Price and quantity series are derived for four education levels. The price series are highly correlated and they exhibit a strong secular trend. Three resulting implications are explored: the rising college premium is found to be driven more by relative quantity than relative price changes, life-cycle wage profiles are readily interpretable as reflecting optimal human capital investment paths using the estimated price series, and adjusting the labor input for quality increases dramatically reduces the contribution of MFP to growth.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.