scholarly journals Measuring the UK's human capital stock

2010 ◽  
Vol 4 (11) ◽  
pp. 36-63 ◽  
Author(s):  
Richard Jones ◽  
Blessing Chiripanhura
Keyword(s):  
Human Capital ◽  
Capital Stock

scholarly journals The macroeconomic effects of COVID-19 in Montenegro: a Bayesian VARX approach

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Gordana Djurovic ◽  
Vasilije Djurovic ◽  
Martin M. Bojaj
Keyword(s):  
Human Capital ◽  
Capital Stock ◽  
Economic Freedom ◽  
Supply And Demand ◽  
Health Expenditures ◽  
Highly Qualified ◽  
Demand And Supply ◽  
Policy Responses ◽  
Out Of Sample ◽  
Policy Measures

Abstract This study examines, diagnoses, and assesses appropriate macroeconomic policy responses of the Montenegrin Government to the outbreak of COVID-19. The model econometrically measures the macroeconomic costs using a Bayesian VARX Litterman/Minessota prior to the pandemic disease in terms of demand and supply loss due to illness and closed activities and their effects on GDP growth in various pandemic scenarios. We explore five economic scenarios—shocks—using the available data from January 2006 to December 2019, following real out-of-sample forecasts generated from January 2020 to December 2020. Sensitivity scenarios spanning January 2020 to June 2020 from ± 10 to ± 60% were analyzed. We observed what happens to the supply and demand sides, namely, GDP, tourism, capital stock, human capital, health expenditures, economic freedom, and unemployment. The results show a toll on the GDP, tourism, unemployment, capital stock, and especially human capital for 2020. The recommended policy measures are public finance spending initiatives focused on securing employment and keeping highly qualified staff in Montenegrin companies. Considering all uncertainties, the rebound of the Montenegrin economy could take a few years to reach pre-COVID 19 output levels.

scholarly journals Skilled immigrant labour: country of origin and the occupational locations of male engineers

2002 ◽  
Vol 29 (1) ◽  
pp. 71 ◽  
Author(s):  
Monica Boyd ◽  
Derrick Thomas
Keyword(s):  
Human Capital ◽  
Capital Stock ◽  
Multinomial Logit ◽  
Immigrant Workers ◽  
Logit Analysis ◽  
Foreign Born ◽  
Birth Place ◽  
Skilled Immigrant ◽  
University Degree ◽  
High Skill

Do high skill immigrant workers find employment corresponding to their training? Using unpublished data from the 1996 census, we examine the occupational locations of men age 30-54 who have a university degree with a major in engineering. We focus on three groups: Canadian born, foreign born who immigrated before age 19 and the foreign-born arriving after age 27, arguing that the first two are most likely to be educated in Canada whereas the last group is not. We find birth place differences in the percentages who are working in managerial, engineering, technical and all other occupations, with differences being most pronounced for those immigrating after age 27. Multinomial logit analysis confirms that these differences cannot be attributed to differences in measured human capital stock. Accreditation requirements are one likely explanation, particularly for those who have received training outside Canada.

Health, Human Capital, and Life Cycle Labor Supply

2014 ◽  
Vol 104 (5) ◽  
pp. 127-131 ◽  
Author(s):  
Charles Hokayem ◽  
James P. Ziliak
Keyword(s):  
Human Capital ◽  
Life Cycle ◽  
Labor Supply ◽  
Strong Evidence ◽  
Capital Stock ◽  
Good Health ◽  
Learning By Doing ◽  
Health Capital ◽  
Supply Model

We use new PSID data on consumption and health, along with information on annual sick time, to estimate a structural labor supply model that incorporates a health capital stock with the traditional human capital learning-by-doing model. The estimates show strong evidence of learning by doing as well as strong persistence in health. However, the estimates reveal that time and money seem to have little effect on health consistent with 'flat of the curve' medicine. We find strong evidence that consumption and leisure are direct substitutes in preferences, and consumption and leisure are each utility complements with good health.

DIFFERENTIAL FERTILITY AND ECONOMIC DEVELOPMENT

2013 ◽  
Vol 18 (5) ◽  
pp. 1048-1068 ◽  
Author(s):  
Hideki Nakamura ◽  
Yoshihiko Seoka
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Capital Stock ◽  
Initial Ratio ◽  
Differential Fertility ◽  
The Poor ◽  
Rich People ◽  
The Rich ◽  
Persistent Poverty

This paper considers differential fertility and analyzes how the fertility of people caught in poverty disturbs their escape from poverty. For escape from poverty, it is necessary that the average human capital stock exceed certain thresholds before the ratio of the number of poor to rich people increases more rapidly than the human capital level of rich people. Thus, the escape depends on a race between the accumulation of human capital by the rich and the accumulation of children by the poor. A high initial ratio of the number of poor to rich people would imply persistent poverty.

Capital and Wealth in the Twenty-First Century

2015 ◽  
Vol 105 (5) ◽  
pp. 34-37 ◽  
Author(s):  
David N. Weil
Keyword(s):  
Human Capital ◽  
Capital Stock ◽  
Market Value ◽  
Capital Gains ◽  
First Century ◽  
Discount Rates ◽  
Income Ratio ◽  
Last 300 Years ◽  
Twenty First Century ◽  
Thomas Piketty

In Capital in the Twenty-First Century, Thomas Piketty uses the market value of tradable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradable assets. The approach also incorrectly identifies capital gains due to reduced discount rates as increases in the capital stock.

scholarly journals Religiosity and human capital formation in the overlapping generation model in Indonesia

2021 ◽  
Vol 5 (01) ◽  
pp. 49-60
Author(s):  
Aris Soelistyo
Keyword(s):  
Human Capital ◽  
Gross Domestic Product ◽  
Government Spending ◽  
Capital Stock ◽  
Capital Formation ◽  
Generation Model ◽  
Mathematical Approach ◽  
Human Capital Formation ◽  
Overlapping Generation ◽  
Positive Effect

This research aims to determine the extent of the part of spiritual empowerment and the construction of human capital in the overlapping generation model in Indonesia. The study constructs a model by mathematical approach, which ensures the equilibrium of the entire market; use data of the Indonesian region in the 1983-2019 period and the analyzed by regression. Government spending in the fiscal and monetary sector effectively increases the Gross Domestic Product; the influence of labor positively affects the use of capital stock, where the current capital stock is influenced by the stock capital of the previous year. The aspect of government spending has a positive effect on capital stock.

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