Measures of human capital: A review of the literature

Trinh Le, John Gibson and Les Oxley

No 05/10, Treasury Working Paper Series from New Zealand Treasury

Abstract: Human capital is increasingly believed to play an important role in the growth process, however, adequately measuring its stock remains controversial. This paper identifies three general approaches to human capital measurement; cost-based, income-based and education-based, and presents a critical review of the theories and their applications to data from a range of countries. Emphasis on empirical evidence will be given to the case of New Zealand.

Keywords: human capital; economic growth (search for similar items in EconPapers)
JEL-codes: C52 F43 N10 O41 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2005-11
New Economics Papers: this item is included in nep-dev, nep-edu and nep-hrm
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Citations: View citations in EconPapers (28)

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Persistent link: https://EconPapers.repec.org/RePEc:nzt:nztwps:05/10

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