A new macroeconomic measure of human capital with strong empirical links to productivity
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis explaining productivity across OECD countries and over time....
