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A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States

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NBER1995-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5018
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We argue that a sensible measure of the aggregate value of human capital is the ratio of total labor income per capita to the wage of a person with zero years of schooling. The reason for that is that total labor income not only incorporates human capital, but also physical capital: given human
提供机构:
美国国家经济研究局
创建时间:
1995-02-01
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