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| José de Hevia and María Arrazola |
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| ''AN AGGREGATED INDEX OF HUMAN CAPITAL'' |
| ( 2007, Vol. 10 No.1 ) |
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| 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. |
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| Keywords: human capital. |
JEL: J2 - Demand and Supply of Labor: General
I2 - Education: General |
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| Manuscript Received : Mar 14 2007 | | Manuscript Accepted : Mar 19 2007 |
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