The Human Capital Stock: A Generalized Approach: Reply
Abstract
Human capital differences across countries can appear large or small depending on measurement methods. This Reply clarifies key assumptions and conceptual distinctions across accounting approaches. Accounting-based arguments for small human capital differences are difficult to sustain. By contrast, large human capital differences are theoretically and empirically coherent. Non-accounting arguments against large human capital variation are...
Paper Details
Title
The Human Capital Stock: A Generalized Approach: Reply
Published Date
Mar 1, 2019
Journal
Volume
109
Issue
3
Pages
1175 - 1195
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