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Human Capital Accumulation at Work : Estimates for the World and Implications for Development / Remi Jedwab.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Jedwab, Remi.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Development Accounting.
- Economic Development.
- Economics of Education.
- Education.
- Educational Sciences.
- Employment and Unemployment.
- Human Capital.
- Labor Market.
- Returns To Education.
- Returns To Experience.
- Social Protections and Labor.
- Local Subjects:
- Development Accounting.
- Economic Development.
- Economics of Education.
- Education.
- Educational Sciences.
- Employment and Unemployment.
- Human Capital.
- Labor Market.
- Returns To Education.
- Returns To Experience.
- Social Protections and Labor.
- Physical Description:
- 1 online resource (44 pages)
- Other Title:
- Human Capital Accumulation at Work
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- In this paper, the authors: (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 household surveys and census samples across 145 countries; (ii) show that returns to work experience are strongly correlated with economic development-workers in developed countries appear to accumulate twice more human capital at work than workers in developing countries; (iii) use a simple accounting framework to find that the contribution of work experience to human capital accumulation and economic development might be as important as the contribution of education itself; and (iv) employ panel regressions to investigate how changes in the returns over time correlate with several factors such as economic recessions, transitions, and human capital stocks.
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