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Symposium on human capital and economic development: an introduction

Barro, Robert J., Caselli, Francesco and Lee, Jong-Wha (2013) Symposium on human capital and economic development: an introduction. Journal of Development Economics, 104. pp. 181-183. ISSN 0304-3878

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Identification Number: 10.1016/j.jdeveco.2013.05.003

Abstract

In recent decades, human capital has emerged as a key area of research for economic development and growth. The increase in economists' interest in human capital reflects theoretical and empirical advances. A theoretical breakthrough appeared in models where schooling and training involved a sacrifice of current time and resources to gain higher future earnings (Becker, 1964, 1993, Becker and Barro, 1988 and Ben-Porath, 1967). Empirically, there has been mounting evidence that schooling and other forms of human capital significantly increase earnings (Mincer, 1974), suggesting that low levels of school attainment may be partially responsible for low levels of income in developing countries. Research on human capital has also been facilitated by the development of longitudinal panel data sets on school attainment (Barro and Lee, 1993).

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-develo...
Additional Information: © 2013 Elsevier B.V.
Divisions: Economics
Centre for Economic Performance
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 19 Jun 2013 13:22
Last Modified: 20 Oct 2019 01:53
URI: http://eprints.lse.ac.uk/id/eprint/50804

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