Cost- and income-based measures of human capital

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dc.contributor.authorLe, Trinh
dc.contributor.authorGibson, John
dc.contributor.authorOxley, Les
dc.date.accessioned2009-05-22T00:38:23Z
dc.date.available2009-05-22T00:38:23Z
dc.date.issued2003
dc.description.abstractHuman capital is increasingly believed to play an important role in the growth process, however, adequately measuring its stock remains controversial. In this paper three general approaches to measurement are identified; cost‐based, income‐based and educational stock‐based. This survey focuses on the first two approaches and provides a critical review of the theories and their applications to data from a range of countries. Particular emphasis is placed upon the work of Jorgenson and Fraumeni (1989, 1992) and some new results for New Zealand based upon their approach are also presented.en
dc.identifier.citationLe, T., Gibson, J. & Oxley, L. (2003). Cost- and income-based measures of human capital. Journal of Economics Surveys, 17(3), 271-307.en
dc.identifier.doi10.1111/1467-6419.00196en
dc.identifier.urihttps://hdl.handle.net/10289/2179
dc.language.isoen
dc.publisherWiley-Blackwellen_NZ
dc.relation.isPartOfJournal of Economics Surveysen_NZ
dc.relation.urihttp://www3.interscience.wiley.com/journal/118888268/abstracten
dc.subjecthuman capitalen
dc.subjecteconomic growthen
dc.subjectmonetary valueen
dc.titleCost- and income-based measures of human capitalen
dc.typeJournal Articleen
pubs.begin-page271en_NZ
pubs.elements-id33957
pubs.end-page307en_NZ
pubs.issue3en_NZ
pubs.volume17en_NZ
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