cover image: Human Capital Accumulation at Work : Estimates for the World and Implications for Development (English)

20.500.12592/wqkw6q

Human Capital Accumulation at Work : Estimates for the World and Implications for Development (English)

29 Sep 2021

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.
high school household survey human capital state of emergency early childhood early retirement hourly wage child labor per capita income labor market friction former soviet union world war ii standard error return to education robustness check in school learning and innovation credit human capital accumulation monthly wage child mortality rate richer countries department of economics labor force survey output per worker work experience public sector worker average returns learning by doing population growth rate formal training program mean return hiv infection rate difference in returns natural resource exploitation contribution of education human capital stock accounting framework global estimate long-run growth panel regression country population age of entry labor market characteristic hiv prevalence rate self-employed individual depreciation rate implications for development adult mortality rate children start school divergence in income accumulation of experience teen labor

Authors

Jedwab,Remi Camille, Romer,Paul M, Islam,Asif Mohammed, Samaniego,Roberto

Disclosure Date
2021/09/29
Disclosure Status
Disclosed
Doc Name
Human Capital Accumulation at Work : Estimates for the World and Implications for Development
Originating Unit
Office of the Chief Economist (MNACE)
Published in
United States of America
Series Name
Policy Research working paper; no. WPS 9786;
Total Volume(s)
1
Unit Owning
Off of Sr VP Dev Econ/Chief Econ (DECVP)
Version Type
Final
Volume No
1

Files

Human-Capital-Accumulation-at-Work-Estimates-for-the-World-and-Implications-for-Development.pdf

Human-Capital-Accumulation-at-Work-Estimates-for-the-World-and-Implications-for-Development.txt

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