Human Capital Development

By Hyun H. Son. Asian Development Review, 2010

157 citations recorded by the source corpus.

This paper has two main objectives. First, it assesses and measures the gaps in the stock of human capital across the world. It presents how effectively different regions are improving their stock of human capital, and how long it will take for developing countries to catch up with the current level of human capital in industrialized countries. Second, it revisits the contribution of human capital to economic growth, proposing a decomposition method to account for employment growth—which is also impacted on by human capital growth—in explaining growth in total output per worker. The proposed methodology introduces employment growth in the growth decomposition through the employment growth elasticity. It is conjectured that as human capital increases, employment growth elasticity will decrease, making the economy less labor-intensive, resulting in higher economic growth. The proposed method points to the importance of the micro linkage between human capital and the labor market.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/7367a0151b6c14778cb7af3651a53c328a45d39f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. D. Almond
2. Janet Currie
3. Paul Schultz
4. C. Timmins
5. S. Gamper‐Rabindran

Citations in the corpus

• Killing Me Softly: The Fetal Origins Hypothesis (2011, background): “Hence, when examining longer-term outcomes, it is important to keep in mind that these can represent both biological and social factors [Royer, 2009, Almond and Currie, 2011].”