IDEAS home Printed from https://ideas.repec.org/a/bla/revinw/v20y1974i4p439-468.html
   My bibliography  Save this article

The Accounting Treatment Of Human Investment And Capital

Author

Listed:
  • John W. Kendrick

Abstract

Defining investment as outlays that increase income‐ and output‐producing capacity, the author presents estimates of human investment in the United States 1929–69, comprising rearing costs, education, training, health, safety and mobility outlays. He develops an economic accounting framework to accommodate human investments and research and development in national and sector capital accounts, with appropriate adjustments to the current accounts to provide consistency. The associated balance sheets and wealth statements are also developed. The wealth and corresponding income estimates are used to compute rates of return on human, non‐human, and total capital. In the business economy the average net rate of return on total capital was 10.6 percent in 1969, compared with 10.0 percent in 1929. The average and marginal rates of return on human capital were generally somewhat higher than on non‐human capital throughout the period.

Suggested Citation

  • John W. Kendrick, 1974. "The Accounting Treatment Of Human Investment And Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 20(4), pages 439-468, December.
    • Handle: RePEc:bla:revinw:v:20:y:1974:i:4:p:439-468
    DOI: 10.1111/j.1475-4991.1974.tb00927.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4991.1974.tb00927.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4991.1974.tb00927.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Argentiero, Amedeo & Cerqueti, Roy & Sabatini, Fabio, 2021. "Does social capital explain the Solow residual? A DSGE approach," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 35-53.
    2. Maria Rosa Trovato, 2020. "Human Capital Approach in the Economic Assessment of Interventions for the Reduction of Seismic Vulnerability in Historic Centres," Sustainability, MDPI, vol. 12(19), pages 1-33, September.
    3. André Vanoli, 1978. "Les notions de consommation élargie," Économie et Statistique, Programme National Persée, vol. 100(1), pages 55-63.
    4. Dustin T. G. RODRIGUEZ, 2016. "Returns to Education of Colombian Economists: Analysis from the Theory of Human Capital (2009-2013)," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 139-149, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revinw:v:20:y:1974:i:4:p:439-468. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iariwea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.