A NEW DATABASE ON HUMAN-CAPITAL STOCK IN DEVELOPING AND INDUSTRIAL-COUNTRIES - SOURCES, METHODOLOGY, AND RESULTS

Citation
V. Nehru et al., A NEW DATABASE ON HUMAN-CAPITAL STOCK IN DEVELOPING AND INDUSTRIAL-COUNTRIES - SOURCES, METHODOLOGY, AND RESULTS, Journal of development economics, 46(2), 1995, pp. 379-401
Citations number
17
Categorie Soggetti
Economics
ISSN journal
03043878
Volume
46
Issue
2
Year of publication
1995
Pages
379 - 401
Database
ISI
SICI code
0304-3878(1995)46:2<379:ANDOHS>2.0.ZU;2-Z
Abstract
The paper describes the techniques and data adopted for the constructi on of a new series of estimates of the stock of education in 85 countr ies over 28 years (1960-87). The series are built from enrollment data using the perpetual inventory method, adjusted for mortality. Estimat es are corrected for grade repetition among school-goers and country-s pecific drop-out rates for primary and secondary students. Enrollment data series used start as far back as 1930 for most countries, and eve n earlier for others. This reduces the need for backward extrapolation of enrollements to provide the initial estimates of the investment in ventory.