Human Capital in the United States from 1975 to 2000: Patterns of Growth and Utilization

Authors

Robert H. Haveman, University of Wisconsin-MadisonFollow
Andrew Bershadker, U.S. Dept. of the Treasury
Jonathan A. Schwabish, Syracuse UniversityFollow

Publication Date

1-1-2003

DOI

10.17848/9780585471273

Abstract

This study enhances the existing measures of the nation’s human capital and the extent to which that capital is utilized. Haveman, Bershadker, and Schwabish develop an indicator of the value of the human capital stock held by the nation’s working-age population called Earnings Capacity (EC), and use it to study the time trends in aggregate human capital in the United States and human capital per worker. They also use EC to evaluate utilization of the nation’s human capital stock, thereby demonstrating the usefulness of the EC indicator in measuring the size and strength of the U.S. economy.

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Contents

1. Introduction
2. Indicators of the Nation's Production Capacity and Utilization
3. The Concept of Human Capital: A Framework
4. The Concept of Human Capital: Theoretical Underpinnings and Empirical Estimates
5. Earnings Capacity as an Indicator of Human Capital
6. Aggregate EC, Utilization, and the Sources of Nonuse: Levels and Trends, 1975-2000
7. Earnings Capacity and Its Utilization for Race, Education, and Age Groups: Levels and Trends, 1975-2000
8. Earnings Capacity and Its Utilization for Vulnerable Groups: Levels and Trends, 1975-2000
9. Measuring Levels, Trends, and Utilization of Human Capital: Conclusions and Policy Insights

ISBN

9780880992565 (cloth) ; 9780880992558 (pbk.) ; 9780585471273 (ebook)

Subject Areas

EDUCATION