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Islam, Asif M.

Development Economics, Enterprise Analysis Group
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Last updated September 12, 2023
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Sustainable Development Goals: SDG 8: Decent Work and Economic Growth × Subject: ECONOMIC DEVELOPMENT × Author: Jedwab, Remi ×

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    Human Capital Accumulation at Work: Estimates for the World and Implications for Development
    (World Bank, Washington, DC, 2021-09) Jedwab, Remi ; Romer, Paul ; Islam, Asif ; Samaniego, Roberto
    In this paper, the authors: (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 household surveys and census samples across 145 countries; (ii) show that returns to work experience are strongly correlated with economic development—workers in developed countries appear to accumulate twice more human capital at work than workers in developing countries; (iii) use a simple accounting framework to find that the contribution of work experience to human capital accumulation and economic development might be as important as the contribution of education itself; and (iv) employ panel regressions to investigate how changes in the returns over time correlate with several factors such as economic recessions, transitions, and human capital stocks.