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Capital humain au Maroc: Evaluation fondée sur le revenu de la vie entière

Author

Listed:
  • SAIDI, Abdessamad

    (Bank Al-Maghrib, Département de la Recherche)

  • BENAZZI, Sara

    (Bank Al-Maghrib, Département de la Recherche)

  • EL OTHMANI, Jawad

    (Bank Al-Maghrib, Département de la Recherche)

Abstract

This working paper provides a measure of the human capital stock in Morocco in 1999 and 2012, by adopting the lifetime income approach (Jorgenson and Fraumeni, 1989, 1992a, 1992b). The results show that during the period 1999-2012, the stock of human capital rose at an annual average rate of 3% in real terms and remains the leading source of wealth in Morocco. This evolution is due, on the one hand, to the increase in the number of individuals in the working-age population and, on the other hand, to the relative improvement of their education level. However, the quality of the education and training system and the low employment rate remain the key challenges to be tackled in order to further increase human capital and maintain its position as the main source of wealth in Morocco. Finally, the estimations carried so far in this study have been enhanced by sensitivity analysis with respect to the data about salaries and the assumptions made about expected future income growth and its discount rate.

Suggested Citation

  • SAIDI, Abdessamad & BENAZZI, Sara & EL OTHMANI, Jawad, 2018. "Capital humain au Maroc: Evaluation fondée sur le revenu de la vie entière," Document de travail 2018-1, Bank Al-Maghrib, Département de la Recherche.
    • Handle: RePEc:ris:bkamdt:2018_001
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    More about this item

    Keywords

    Capital humain; Richesse globale; Approche du revenu de la vie entière.;
    All these keywords.

    JEL classification:

    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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