The DOI matches its Crossref record; 54 of the 54 references it cites were found in a registry or an index.
Human Capital and the Wealth of Nations
Open accessAbstract
We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to vary across countries. Our model can explain differences in schooling and earnings profiles and, consequently, estimates of Mincerian rates of return across countries. We find that effective human capital per worker varies substantially across countries. Cross-country differences in Total Factor Productivity (TFP) are significantly smaller than found in previous studies. Our model implies that output per worker is highly responsive to changes in TFP and demographic variables. (JEL E23, I25, J24, J31, O47)
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Why do Some Countries Produce So Much More Output Per Worker than Others?
Hall, R. E., & Jones, C. I. (1999) · The Quarterly Journal of Economics · doi:10.1162/003355399555954 · Cited by 7,879
Schooling, Experience, and Earnings
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A new data set of educational attainment in the world, 1950–2010
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The Technology of Skill Formation
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Cited by
Lucas, R. E. (2015) · American Economic Review · doi:10.1257/aer.p20151065 · Cited by 1,012
GALOR, O., MOAV, O., & VOLLRATH, D. (2009) · Review of Economic Studies · doi:10.1111/j.1467-937x.2008.00506.x · Cited by 746
The Long-Term Distributional and Welfare Effects of Covid-19 School Closures
Fuchs-Schündeln, N., Krueger, D., Ludwig, A., & Popova, I. (2020) · doi:10.3386/w27773 · Cited by 84
Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data
Banerjee, A., Meng, X., Porzio, T., & Qian, N. (2014) · doi:10.3386/w20050 · Cited by 57
The Growing Importance of Decision-Making on the Job
Deming, D. (2021) · doi:10.3386/w28733 · Cited by 52
Metadata
- Authors
- Manuelli, R. E., & Seshadri, A.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2014-09-01
- Volume
- 104
- Issue
- 9
- Pages
- 2736-2762
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2153461421
- Cited by
- 364
- References
- 54
- FWCI
- 63.93
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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