Alternative specifications of human capital in production functions

نویسندگان

چکیده

In this paper we argue that some empirical specifications may not be appropriate to estimate accurately the returns human capital. particular, show inclusion in aggregate production functions of ratio skilled labor force over total as a proxy for capital good way control heterogeneity labor.

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ژورنال

عنوان ژورنال: Economics and Business Letters

سال: 2022

ISSN: ['2254-4380']

DOI: https://doi.org/10.17811/ebl.11.4.2022.172-179