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Wednesday, July 29, 2020 | History

2 edition of labor-income-based measure of the value of human capital found in the catalog.

labor-income-based measure of the value of human capital

Casey B. Mulligan

labor-income-based measure of the value of human capital

an application to the states of the United States

by Casey B. Mulligan

  • 67 Want to read
  • 8 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Human capital -- United States.

  • Edition Notes

    Other titlesLabor income based measure of the value of human capital
    StatementCasey B. Mulligan, Xavier Sala-i-Martin.
    SeriesNBER working paper series -- working paper no. 5018, Working paper series (National Bureau of Economic Research) -- working paper no. 5018.
    ContributionsSala-i-Martin, Xavier., National Bureau of Economic Research.
    The Physical Object
    Pagination34, 19, [10] p. :
    Number of Pages34
    ID Numbers
    Open LibraryOL22420292M

    model includes only one human capital factor: aggregate labor income growth. This model is also referred to as the human capital Capital Asset Pricing Model (CAPM). First, I show that industry-speci–c human capital signi–cantly impacts the cross-section of returns. When estimating the model for monthly returns on 25 size and book-to-marketCited by: Pro-cyclical capital regulation and lending Discussion Papers, Deutsche Bundesbank View citations (2) Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics () View citations (2) See also Journal Article.

      Palacios-Huerta is the first to focus on this trade-off in labor markets; he uses individual labor-income-based measures of human capital returns.1 We use the information in aggregate consumption innovations instead to learn about the aggregate human wealth by: A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States: w Edward L. Glaeser Jose A. Scheinkman Andrei Shleifer: Economic Growth in a Cross-Section of Cities: w Edward L. Glaeser Jose A. Scheinkman.

    "A Labor-Income-Based measure of the Aggregate Value of Human Capital" (with Casey B. Mulligan), Journal of Japan and the World Economy, May "A Growth Model of Inflation, Tax Evasion, and Financial Repression", (with Nouriel Roubini), Journal of . due to human capital, while only % is invested in financial assets. Lustig, van Nieuwerburgh, and Verdelhan () even estimate human capital to be 90% of total wealth, while the share of equities is only 2%. This suggests that, in theory, human capital should matter for portfolio choice and asset pricing.


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Labor-income-based measure of the value of human capital by Casey B. Mulligan Download PDF EPUB FB2

Get this from a library. A labor-income-based measure of the value of human capital: an application to the states of the United States.

[Casey B Mulligan; Xavier Sala-i. Casey B. Mulligan & Xavier Sala-i-Martin, "A labor-income-based measure of the value of human capital: An application to the States of the United States," Economics Working PapersDepartment of Economics and Business, Universitat Pompeu Fabra, revised Dec Mulligan, Casey B & Sala-i-Martin, Xavier, The measure suggested in this paper - a labor-income based measure - uses the market value of capital services to measure the capital stock.

It contrasts this measure with the use of the number of years of schooling as an indicator of the stock of human by: NBER Working Paper No. Issued in February NBER Program(s):Economic Fluctuations and Growth.

We argue that a sensible measure of the aggregate value of human capital is the ratio of total labor income per capita to the wage of a person with zero years of schooling. ELSEVIER Japan and the World Economy 9 () ECONOMY A labor income-based measure of the value of human capital: An application to the states of the United States1 a* C.B.

Mulhgan ', X. Sala-i-Martin2"b a University of Chicago, Chicago, USA b Yale University, New Haven, USA Abstract We argue that a sensible labor-income-based measure of the value of human capital book of the aggregate value of human capital is the ratio of total labor Cited by: Downloadable (with restrictions).

We argue that a sensible measure of the aggregate value of human capital is the ratio of total labour income per capita to the wage of a person with zero years of schooling. The reason is that total labour income not only incorporates human capital, but also physical capital: given human capital, regions with higher physical capital will tend to have higher Cited by: A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States.

Casey B. Mulligan and Xavier X. Sala-i-Martin Journal of Japan and the World Economy, (forthcoming) Abstract. A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States. [Casey B Mulligan; Xavier Sala-i-Martin] -- We argue that a sensible measure of the aggregate value of human capital is the ratio of total labor income per capita to the wage of a person with zero years of schooling.

A labor-income-based measure of the value of human capital: an application to the states of the United States Tipus de document: Document de treball Data de publicació: Cited by: This paper presents a labour income based measure of Canada's human capital stock from to based on the completion of education levels and the number of years of working experience.

w A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States Campbell w Understanding Risk and ReturnCited by: Measuring Aggregate Human Capital (with Xavier Sala-i-Martin).

A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States (with Xavier Sala-i-Martin). Transitional Dynamics in Two-Sector Models of Endogenous Growth (with Xavier Sala-i-Martin). We argue that a sensible measure of the aggregate value of human capital is the ratio of total labor income per capita to the wage of a person with zero years of : Emrah Arbak.

"A Labor-Income-Based measure of the Aggregate Value of Human Capital" (with Casey B. Mulligan), Journal of Japan and the World Economy, (PDF copy of the working paper version).

"Transitional Dynamics in Two-Sector Models of Endogenous Growth", (with Casey B. Mulligan), Quarterly Journal of Economics, August A labor–income-based measure of the value of human capital: an application to the states of the United States.

Japan and the World Economy 9(2), – () CrossRef Google Scholar Author: Junbo Xue, Zheng Wang, Zheng Wang. Accounting model for the valuation of human resources / by Hisham Fadel; Heterogenous human capital: life cycle investment in health and education / by Suren Basov; A labor-income-based measure of the value of human capital: an application to the states of the United Endogenous growth when unskilled labour is abundent / Peter E.

Robertson. 1. Introduction. The concept of human capital (henceforth HC) is an old one. Perhaps the first to try to define and measure what we now call HC was Sir William Petty (–) (Petty, ).The most prominent founder of the Political Arithmetic School of Economics and a forerunner of applied econometrics, Petty was concerned with the main national socioeconomic and political roles Cited by: Mulligan, C.B.

and Sala-i-Martin, X. () A labor income-based measure of the value of human capital: an application to the states of the United States. Japan and the World Economy 9(2): – NCES () Highlights from the International Adult Literacy and Lifeskills Survey (ALL) (Issue Brief (May)).

Washington, DC: NCES, US. of the zero-skill worker. They called this measure as labor-income-based (LIB) measure of human capital. This measure has some nice properties: is consistent with variable elasticities of substitution across types of workers, and does not impose all workers with the same amount of.

A labor income-based measure of the value of human capital: An application to the states of the United States pp. Casey Mulligan and Xavier Sala-i-Martin A labor-income based measure of the value of human capital: An application to the states of the US: Comments pp.

Paul Wachtel. Mulligan CB, Sala-i-Martin X () A labor income-based measure of the value of human capital: an application to the states of the United Author: Emrah Arbak.The Library is online—we’re here and ready to help you.

Learn more about our online services. In compliance with governmental orders the library will remain closed for the foreseeable future.“Comments on ‘A Labor-Income Based Measure of the Value of Human Capital,’” Japan and the World Economy, Volume 9(2), May "What's Wrong With Pay-As-You-Go Social Security Programs: Lessons From the United States,” with S.