Mañana, JUEVES, 24 DE ABRIL, el sistema se apagará debido a tareas habituales de mantenimiento a partir de las 9 de la mañana. Lamentamos las molestias.
Development accounting using PIAAC data
Entity
UAM. Departamento de Análisis Económico, Teoría Económica e Historia EconómicaPublisher
Springer Berlin HeidelbergDate
2017-09-23Citation
10.1007/s13209-017-0162-0
SERIEs 8.4 (2017): 373-399
ISSN
1869-4187 (print); 1869-4195 (online)DOI
10.1007/s13209-017-0162-0Funded by
Financial support from the Spanish Ministry of Science and Innovation through Grant ECO2013-44920-PProject
Gobierno de España. ECO2013-44920-PEditor's Version
https://doi.org/10.1007/s13209-017-0162-0Subjects
Development accounting; Multi-dimensional human capital measure; PIAAC; Mincerian wage equation; EconomíaRights
© 2017, The Author(s)Abstract
We carry out a classical development accounting exercise using data from the “Programme for the International Assessment of Adult Competencies” (PIAAC). PIAAC data, available for 30 upper-middle and high-income countries and nationally representative for the working-age population, allow us to construct a multidimensional measure for the stock of human capital in each country, taking into account years of schooling, job experience, cognitive skills, on-the-job-training, and health. Individual level PIAAC data for the US are then used to estimate the weight of each dimension in the human capital composite by running Mincerian wage regressions. We find that differences in physical capital together with our broad measure of human capital account for 42% of the variance in output per worker, compared to only 27% when proxying human capital by average years of schooling only. Differences in cognitive skills play the largest role while experience and health are of lesser importance
Files in this item
Google Scholar:Hidalgo Cabrillana, Ana
-
Kuhn, Zoe
-
Lopez- Mayan, Cristina
This item appears in the following Collection(s)
Related items
Showing items related by title, author, creator and subject.
-
Cyclooxygenase 2-regulated genes an alternative avenue to the development of new therapeutic drugs for colorectal cancer
Hidalgo-Estévez, Alicia M.; Stamatakis, Konstantinos; Jiménez-Martínez, Marta; López-Pérez, Ricardo; Fresno, Manuel
2020-04-29 -
Differential proteomic profiling unveils new molecular mechanisms associated with mitochondrial complex III deficiency
Marín-Buera, Lorena; García-Bartolomé, Alberto; Morán, María; López-Bernardo, Elia; Cadenas, Susana; Hidalgo, Beatriz; Sánchez, Ricardo; Seneca, Sara; Arenas, Joaquín; Martín, Miguel A.; Ugalde, Cristina
2015-01-05