The human capital stock

The human capital stock

by Benjamin F. Jones

Book 17487 of NBER working paper series -- working paper

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"This paper presents a new framework for human capital measurement. The generalized framework can (i) substantially amplify the role of human capital in accounting for cross-country income differences and (ii) reconcile the existing conflict between regression and accounting evidence in assessing the wealth and poverty of nations. One natural interpretation emphasizes differences across economies in the acquisition of advanced knowledge by skilled workers"--National Bureau of Economic Research web site.

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