| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1167 |
| DP1167 Tax and Benefit Reform in Central and Eastern Europe | |
| David Newbery | |
| 发表日期 | 1995-04-30 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | We construct a set of human capital indexes for the states of the United States for each Census year starting in 1940. To do so we propose a new methodology for the construction of index numbers in panel data sets. Our method is based on an optimal approach by which we choose the `best' set index numbers by minimizing the expected estimation error subject to some search constraints. Some of the empirical findings are that the stock of human capital in the United States grew twice as rapidly as the average years of schooling and that human capital inequality across states went up during the 1980s (while the dispersion of schooling actually fell). We conclude that using the average years of schooling for the empirical study of existing growth models may be misleading. |
| 主题 | International Macroeconomics |
| 关键词 | Divisia index Human capital Index numbers Multilateral comparisons Travelling saleman problem |
| URL | https://cepr.org/publications/dp1167 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530306 |
| 推荐引用方式 GB/T 7714 | David Newbery. DP1167 Tax and Benefit Reform in Central and Eastern Europe. 1995. |
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