Estimating Aggregate Human Capital Externalities

This paper estimates two measures of human capital externalities. By incorporating externalities into an overlapping-generations model of human capital accumulation with Compulsory Schooling Laws (CSL), we show that human capital externalities can be estimated from the effects of CSL for one

本文估算了两类人力资本外部性的测度指标。通过将外部性纳入带有义务教育法（Compulsory Schooling Laws, CSL）的人力资本积累世代交叠模型（overlapping-generations model）中，我们证明了，可以通过某类义务教育法的影响来估算人力资本外部性。