THE HUMAN STOCK SHOW

War and the Stock of Human Capital

Jorge M. Agüero Muhammad Farhan Majid October 2015 Abstract Previous studies have shown that wars restrict the acquisition of human capital. We expand this literature by exploring how the stock of human capital is affected by wars. Applying a “missing people” approach to the 1994 Rwanda genocide we find that the size of the educated cohort --those with completed primary school or more-shrunk by...

The Human Capital Stock: A Generalized Approach

This paper presents a new framework for human capital measurement. The generalized framework can (i) substantially amplify the role of human capital in accounting for cross-country income di¤erences and (ii) reconcile the existing con‡ict between regression and accounting evidence in assessing the wealth and poverty of nations. One natural interpretation emphasizes di¤erences across economies i...

The Human Capital Stock: A Generalized Approach Online Appendices

How large is the stock component of human capital?

Article history: Received 14 July 2014 Received in revised form 26 May 2016 Available online 15 June 2016 JEL classification: D91 E21 G12 J24

Measuring the stock of human capital in New Zealand

Human capital is increasingly believed to play an important role in the growth process; however, adequately measuring its stock remains controversial. Because the estimated impact that human capital has on economic growth is sensitive to the measures or proxies of human capital, accurate and consistent measures of human capital are needed. While many measures of human capital have been develope...