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An Aggregated Index Of Human Capital

Author

Listed:
  • José de Hevia

    (Department of Economic Analysis, Universidad Rey Juan Carlos)

  • María Arrazola

    (Department of Economic Analysis, Universidad Rey Juan Carlos)

Abstract

In this paper, taking the model of Arrazola and Hevia (Applied Economics Letters, 11 – 145-8, 2004) as a starting point, we propose a homogeneous measure of human capital of individuals, which permits interpersonal comparisons. This indicator has been set up for a sample of Spanish men and women and compared to the results obtained when using Portela's proposal to construct a human capital indicator (Economics Letters, 72, 27-32, 2001). It was concluded that both from a theoretical and empirical point of view, the properties of the index proposed in this article are better than those of Portela''s suggested measure.

Suggested Citation

  • José de Hevia & María Arrazola, 2007. "An Aggregated Index Of Human Capital," Economics Bulletin, AccessEcon, vol. 10(1), pages 1-11.
    • Handle: RePEc:ebl:ecbull:eb-07j20001
    as

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    File URL: http://www.accessecon.com/pubs/EB/2007/Volume10/EB-07J20001A.pdf
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    References listed on IDEAS

    as
    1. Barro, Robert J. & Lee, Jong-Wha, 1993. "International comparisons of educational attainment," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 363-394, December.
    2. Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-563, July.
    3. Maria Arrazola & Jose de Hevia, 2004. "More on the estimation of the human capital depreciation rate," Applied Economics Letters, Taylor & Francis Journals, vol. 11(3), pages 145-148.
    4. Blau, Francine D & Kahn, Lawrence M, 1996. "International Differences in Male Wage Inequality: Institutions versus Market Forces," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 791-836, August.
    5. Portela, Miguel, 2001. "Measuring skill: a multi-dimensional index," Economics Letters, Elsevier, vol. 72(1), pages 27-32, July.
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    Cited by:

    1. Yogesh Ghore & Brad Long & Zeynep Ozkok & Derin Derici, 2023. "Rethinking human capital: Perspectives from women working in the informal economy," Development Policy Review, Overseas Development Institute, vol. 41(5), September.

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    More about this item

    Keywords

    human capital.;

    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • I2 - Health, Education, and Welfare - - Education

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