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Human Capital in the United States from 1975 to 2000: Patterns of Growth and Utilization

Author

Listed:
  • Robert H. Haveman

    (University of Wisconsin-Madison)

  • Andrew Bershadker

    (U.S. Department of the Treasury)

  • Jonathan A. Schwabish

    (Syracuse University)

Abstract

This study enhances the existing measures of the nation’s human capital and the extent to which that capital is utilized. Haveman, Bershadker, and Schwabish develop an indicator of the value of the human capital stock held by the nation’s working-age population called Earnings Capacity (EC), and use it to study the time trends in aggregate human capital in the United States and human capital per worker. They also use EC to evaluate utilization of the nation’s human capital stock, thereby demonstrating the usefulness of the EC indicator in measuring the size and strength of the U.S. economy.

Suggested Citation

  • Robert H. Haveman & Andrew Bershadker & Jonathan A. Schwabish, 2003. "Human Capital in the United States from 1975 to 2000: Patterns of Growth and Utilization," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number hcus, November.
    • Handle: RePEc:upj:ubooks:hcus
    Note: PDF is the book's first chapter.
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    Citations

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    Cited by:

    1. Mark Huggett and Greg Kaplan, 2012. "The Money Value of a Man," Working Papers gueconwpa~12-12-02, Georgetown University, Department of Economics.
    2. repec:hal:wpspec:info:hdl:2441/1758 is not listed on IDEAS
    3. Mark Huggett & Greg Kaplan, 2016. "How Large is the Stock Component of Human Capital?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 22, pages 21-51, October.
    4. Brant Abbott & Giovanni Gallipoli, 2022. "Permanent‐income inequality," Quantitative Economics, Econometric Society, vol. 13(3), pages 1023-1060, July.
    5. Thomas Melonio & Xavier Timbeau, 2006. "Les 140 points de PIB oubliés de la comptabilité nationale française : méthodes de valorisation du patrimoine éducatif," Sciences Po publications N° 2006-01, Sciences Po.
    6. repec:hal:spmain:info:hdl:2441/1758 is not listed on IDEAS
    7. repec:pri:cepsud:238kaplan.pdf is not listed on IDEAS
    8. repec:pri:cepsud:238kaplan is not listed on IDEAS
    9. Michael S. Christian, 2011. "Human Capital Accounting in the United States: Context, Measurement, and Application," BEA Working Papers 0073, Bureau of Economic Analysis.
    10. Thakuriah (Vonu), Piyushimita & Persky, Joseph & Soot, Siim & Sriraj, P.S., 2013. "Costs and benefits of employment transportation for low-wage workers: An assessment of job access public transportation services," Evaluation and Program Planning, Elsevier, vol. 37(C), pages 31-42.
    11. repec:spo:wpecon:info:hdl:2441/1758 is not listed on IDEAS
    12. Michael S. Christian, 2014. "Human Capital Accounting in the United States: Context, Measurement, and Application," NBER Chapters, in: Measuring Economic Sustainability and Progress, pages 461-491, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    human capital; earnings capacity;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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