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Details for article 17 of 35 found articles
| Title: |
Measuring Australia's human capital development: The role of post-school education and the impact of population ageing |
| Author: |
Wei, Hui |
| Appeared in: |
Statistical journal of the IAOS |
| Paging: | Volume 24 (2008) nr. 3-4 pages 183-191 |
| Year: |
2008-04-11 |
| Contents: |
In this paper I discuss measurement issues of human capital from a national accounting perspective and present experimental estimates of human capital stocks and flows in Australia. The measurement framework draws on the Jorgenson and Fraumeni approach (1989, 1992) with a few modifications. Based on the concept of human capital measured as lifetime labour incomes, investment in post-school education and working experience are measured by the additions to lifetime labour incomes accrued to those who have obtained additional post-school qualifications and those with additional years in the labour market. This measurement framework is used to quantify the contribution of post-school education to human capital growth and the impact of population ageing on human capital development in Australia. The experimental estimates for this study show that: (1) There has been a significant increase in the stock of human capital in Australia during the period 1981–2001 and this increase is largely due to increased proportions of more educated workers; (2) Due to the population ageing, the existing human capital stock has also depreciated at a faster rate and hence the growth of net human capital formation has slowed down significantly. |
| Publisher: |
IOS Press |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 17 of 35 found articles
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