| Human Capital Accounting in the United States: 1994 to 2006 Contributor(s): U. S. Department of Commerce Bureau of E (Created by), Christian, Michael S. (Author) |
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ISBN: 1288731744 ISBN-13: 9781288731749 Publisher: Bibliogov OUR PRICE: $14.96 Product Type: Paperback Published: February 2013 |
| Additional Information |
| BISAC Categories: - Political Science |
| Physical Information: 0.08" H x 7.44" W x 9.69" (0.20 lbs) 40 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This paper presents measures of the human capital stock and of investment in human capital for the United States between 1994 and 2006. When both market and non-market production are included, the stock of human capital was equal to about three quarters of a quadrillion dollars in 2006, of which about 70 percent was non-market. The account breaks down human capital investment among the effects of births, deaths, aging, and education on human capital, as well as a residual effect attributed to (unmeasured) migration. Measures of gross investment in education are found to be very sensitive to counter-factual assumptions; consequently, investment in education is measured net of aging. |