Alternative specifications of human capital in production functions

IF 0.9 Q3 ECONOMICS

Economics and Business Letters Pub Date : 2022-12-07 DOI:10.17811/ebl.11.4.2022.172-179

Luis Orea, A. Álvarez

引用次数: 0

Abstract

In this paper we argue that some empirical specifications may not be appropriate to estimate accurately the returns to human capital. In particular, we show that the inclusion in aggregate production functions of the ratio of skilled labor force over total labor force as a proxy for human capital may not be a good way to control for the heterogeneity of labor.

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生产函数中人力资本的可选规范

在本文中，我们认为一些经验规范可能不适合准确估计人力资本回报。特别是，我们表明，将熟练劳动力与总劳动力的比例作为人力资本的代表纳入总生产函数可能不是控制劳动力异质性的好方法。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics and Business Letters ECONOMICS-

CiteScore

1.80

自引率

11.10%

发文量

期刊介绍： Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.