In this paper, the authors: (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 household surveys and census samples across 145 countries; (ii) show that returns to work experience are strongly correlated with economic development—workers in developed countries appear to accumulate twice more human capital at work than workers in developing countries; (iii) use a simple accounting framework to find that the contribution of work experience to human capital accumulation and economic development might be as important as the contribution of education itself; and (iv) employ panel regressions to investigate how changes in the returns over time correlate with several factors such as economic recessions, transitions, and human capital stocks.
Authors
- Collection(s)
- Policy Research Working Papers
- DOI
- http://dx.doi.org/10.1596/1813-9450-9786
- Googlescholar linkpresent
- yes
- Identifier externaldocumentum
- 090224b088a0a861_1_0
- Identifier internaldocumentum
- 33451712
- Published in
- United States of America
- RelationisPartofseries
- Policy Research Working Paper;No. 9786
- Report
- WPS9786
- Rights
- CC BY 3.0 IGO
- Rights Holder
- World Bank
- Rights URI
- http://creativecommons.org/licenses/by/3.0/igo
- UNIT
- Office of the Chief Economist, Middle East and North Africa Region
- URI
- http://hdl.handle.net/10986/36315
- citation
- “Jedwab, Remi; Romer, Paul; Islam, Asif; Samaniego, Roberto. 2021. Human Capital Accumulation at Work : Estimates for the World and Implications for Development . Policy Research Working Paper;No. 9786. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/36315 License: CC BY 3.0 IGO.”
- date disclosure
- 2021-09-29