Human Capital Accumulation at Work : Estimates for the World and Implications for Development

Human Capital Accumulation at Work : Estimates for the World and Implications for Development

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 th...

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Main Authors: Jedwab, Remi, Romer, Paul, Islam, Asif, Samaniego, Roberto
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
RETURNS TO EDUCATION
RETURNS TO EXPERIENCE
HUMAN CAPITAL
ECONOMIC DEVELOPMENT
LABOR MARKET
DEVELOPMENT ACCOUNTING
Online Access:http://documents.worldbank.org/curated/undefined/206471632935956594/Human-Capital-Accumulation-at-Work-Estimates-for-the-World-and-Implications-for-Development
http://hdl.handle.net/10986/36315
id okr-10986-36315
recordtype oai_dc
spelling okr-10986-363152021-10-01T05:10:33Z Human Capital Accumulation at Work : Estimates for the World and Implications for Development Jedwab, Remi Romer, Paul Islam, Asif Samaniego, Roberto RETURNS TO EDUCATION RETURNS TO EXPERIENCE HUMAN CAPITAL ECONOMIC DEVELOPMENT LABOR MARKET DEVELOPMENT ACCOUNTING 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. 2021-09-30T13:04:43Z 2021-09-30T13:04:43Z 2021-09 Working Paper http://documents.worldbank.org/curated/undefined/206471632935956594/Human-Capital-Accumulation-at-Work-Estimates-for-the-World-and-Implications-for-Development http://hdl.handle.net/10986/36315 English Policy Research Working Paper;No. 9786 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic RETURNS TO EDUCATION
RETURNS TO EXPERIENCE
HUMAN CAPITAL
ECONOMIC DEVELOPMENT
LABOR MARKET
DEVELOPMENT ACCOUNTING
spellingShingle RETURNS TO EDUCATION
RETURNS TO EXPERIENCE
HUMAN CAPITAL
ECONOMIC DEVELOPMENT
LABOR MARKET
DEVELOPMENT ACCOUNTING
Jedwab, Remi
Romer, Paul
Islam, Asif
Samaniego, Roberto
Human Capital Accumulation at Work : Estimates for the World and Implications for Development
relation Policy Research Working Paper;No. 9786
description 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.
format Working Paper
author Jedwab, Remi
Romer, Paul
Islam, Asif
Samaniego, Roberto
author_facet Jedwab, Remi
Romer, Paul
Islam, Asif
Samaniego, Roberto
author_sort Jedwab, Remi
title Human Capital Accumulation at Work : Estimates for the World and Implications for Development
title_short Human Capital Accumulation at Work : Estimates for the World and Implications for Development
title_full Human Capital Accumulation at Work : Estimates for the World and Implications for Development
title_fullStr Human Capital Accumulation at Work : Estimates for the World and Implications for Development
title_full_unstemmed Human Capital Accumulation at Work : Estimates for the World and Implications for Development
title_sort human capital accumulation at work : estimates for the world and implications for development
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/undefined/206471632935956594/Human-Capital-Accumulation-at-Work-Estimates-for-the-World-and-Implications-for-Development
http://hdl.handle.net/10986/36315
_version_ 1764485070883651584

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