NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Human Capital Stock: A Generalized Approach

Benjamin F. Jones

NBER Working Paper No. 17487
Issued in October 2011
NBER Program(s):   ED   EFG   PR

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 differences and (ii) reconcile the existing conflict between regression and accounting evidence in assessing the wealth and poverty of nations. One natural interpretation emphasizes differences across economies in the acquisition of advanced knowledge by skilled workers.

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Document Object Identifier (DOI): 10.3386/w17487

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