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Experience Matters: Human Capital and Development Accounting / David Lagakos, Benjamin Moll, Tommaso Porzio, Nancy Qian, Todd Schoellman.
- Format:
- Book
- Author/Creator:
- Lagakos, David.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18602.
- NBER working paper series no. w18602
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- We use international household-survey data to document that experience-wage profiles are flatter in poorer countries than in richer countries. We find a quantitatively similar pattern when we estimate returns to foreign experience by country of origin among U.S. immigrants. The most likely explanation for both findings is that workers accumulate less human capital from experience in poorer countries. Taking this into consideration in development accounting substantially increases the role of human capital in accounting for cross-country income differences.
- Notes:
- Print version record
- December 2012.
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