Publication: Human Capital Accumulation at Work: Estimates for the World and Implications for Development
Date
2021-09
ISSN
Published
2021-09
Author(s)
Abstract
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.
Link to Data Set
Citation
“Jedwab, Remi; Romer, Paul; Islam, Asif; Samaniego, Roberto. 2021. Human Capital Accumulation at Work: Estimates for the World and Implications for Development. Policy Research Working Paper;No. 9786. © World Bank, Washington, DC. http://hdl.handle.net/10986/36315 License: CC BY 3.0 IGO.”
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