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How important is human capital for development? Evidence from immigrant earnings

Опубликовано на портале: 15-12-2002
American Economic Review. 2002.  Vol. 92. No. 1. P. 198-219. 
Тематический раздел:
This paper offers new evidence on the sources of cross-country income differences. It exploits the idea that observing immigrant workers from different countries in the same labor market provides an opportunity to estimate their human-capital endowments. These estimates suggest that human and physical capital account for only a fraction of cross-country income differences. For countries below 40% of the US output per worker, less than half of the output gap relative to the US is attributed to human and physical capital.
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