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José de Hevia and María Arrazola
 
''AN AGGREGATED INDEX OF HUMAN CAPITAL''
( 2007, Vol. 10 No.1 )
 
 
In this paper, taking the model of Arrazola and Hevia (Applied Economics Letters, 11 – 145-8, 2004) as a starting point, we propose a homogeneous measure of human capital of individuals, which permits interpersonal comparisons. This indicator has been set up for a sample of Spanish men and women and compared to the results obtained when using Portela's proposal to construct a human capital indicator (Economics Letters, 72, 27-32, 2001). It was concluded that both from a theoretical and empirical point of view, the properties of the index proposed in this article are better than those of Portela''s suggested measure.
 
 
Keywords: human capital.
JEL: J2 - Demand and Supply of Labor: General
I2 - Education: General
 
Manuscript Received : Mar 14 2007 Manuscript Accepted : Mar 19 2007

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