A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States
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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
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美国国家经济研究局创建时间：
1995-02-01
