Institutional Affiliation: Georgia Institute of Technology
|Regional Distribution and Dynamics of Human Capital in China 1985-2014: Education, Urbanization, and Aging of the Population|
with , , , : w22906
Given the challenges in quantifying the role of human capital on economic development, measuring human capital itself becomes an important issue. It is desirable to have a comprehensive human capital measure that goes beyond the traditional measures based on education attainment, yet is relatively simple to obtain. In this study, we apply the Jorgenson-Fraumeni human capital measurement framework and modify it to estimate provincial level human capital in China. We produce a provincial level panel dataset from 1985 to 2014 that is ready to use, with various J-F based and traditional human capital measures. We then combine the provinces into four different regions that are at different stages of economic development and discuss the regional pattern and trend of human capital, as well as the...
|Higher Education in China: Complement or Competition to US Universities?|
in American Universities in a Global Market, Charles T. Clotfelter, editor
|Human Capital In China|
with , , : w15500
In this paper we estimate China's human capital stock from 1985 to 2007 based on the Jorgenson-Fraumeni lifetime income approach. An individual's human capital stock is equal to the discounted present value of all future incomes he or she can generate. In our model, human capital accumulates through formal education as well as on-the-job training. The value of human capital is assumed to be zero upon reaching the mandatory retirement ages. China's total real human capital increased from 26.98 billion yuan in 1985 (i.e., the base year) to 118.75 billion yuan in 2007, implying an average annual growth rate of 6.78%. The annual growth rate increased from 5.11% during 1985-1994 to 7.86% during 1995-2007. Per capita real human capital increased from 28,044 yuan in 1985 to 106,462 yuan in 2007,...
Published: “Human Capital in China, 1985-2008,” with Haizheng Li, Yunling Liang, Zhiqiang Liu, and Xiaojun Wang, Review of Income and Wealth , volume 59, issue 2, June 2013, pp. 212-234.