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HUMAN CAPITAL IN CHINA, 1985–2008
Author(s) -
LI HAIZHENG,
LIANG YUNLING,
FRAUMENI BARBARA M.,
LIU ZHIQIANG,
WANG XIAOJUN
Publication year - 2013
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.2012.00517.x
Subject(s) - human capital , economics , china , divisia index , physical capital , stock (firearms) , population , demographic economics , economic growth , geography , mathematics , statistics , sociology , demography , archaeology , energy (signal processing) , energy intensity
We estimated China's human capital stock from 1985 to 2008 based on the Jorgenson–Fraumeni (J–F) lifetime income framework. In order to accommodate the Chinese data and to capture human capital accumulation through both formal education and informal training, we modified the original J–F method by incorporating the Mincer model. We calculated total and per capita human capital stock for different population groups, and studied their trends and dynamics during the course of economic transition. We also constructed Divisia indexes of various orders to evaluate the contribution of different factors to the growth of human capital in China.