Arbeitspapier
Human capital prices, productivity and growth
Separate identification of the price and quantity of human capital has important implications for understanding key issues in economics. Price and quantity series are derived for four education levels. The price series are highly correlated and they exhibit a strong secular trend. Three resulting implications are explored: the rising college premium is found to be driven more by relative quantity than relative price changes, life-cycle wage profiles are readily interpretable as reflecting optimal human capital investment paths using the estimated price series, and adjusting the labor input for quality increases dramatically reduces the contribution of MFP to growth.
- Language
-
Englisch
- Bibliographic citation
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Series: CIBC Working Paper ; No. 2010-4
- Classification
-
Wirtschaft
- Subject
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Humankapital
Bildungsinvestition
Preis
Produktivität
Lohnniveau
Wirtschaftswachstum
- Event
-
Geistige Schöpfung
- (who)
-
Bowlus, Audra J.
Robinson, Chris
- Event
-
Veröffentlichung
- (who)
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The University of Western Ontario, CIBC Centre for Human Capital and Productivity
- (where)
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London (Ontario)
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bowlus, Audra J.
- Robinson, Chris
- The University of Western Ontario, CIBC Centre for Human Capital and Productivity
Time of origin
- 2010
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