Human capital in Britain, 1760–2009
Bibliographic Data
| ID | 20379717 |
|---|---|
| Authors | Jan Kunnas (0000-0002-9433-0865, KTH Royal Institute of Technology, corresponding author) |
| Year | 2016 |
| Volume | 64 |
| Issue | 3 |
| Pages | 219-242 |
| Publication date | 2016-09-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Scandinavian Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0358-5522 • E-ISSN: 1750-2837 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/03585522.2016.1208625 |
| OpenAlex | W2495394842 |
| Language | EN |
| Citations received | 1 |
| References cited | 36 |
Human capital can be defined as the knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic well-being. It is arguably one of the most important determinants of economic growth. In general, human capital has been calculated with two different approaches: (1) retrospective method through the expenditures on education, (2) prospective through the discounted sum of the wages it would receive over the expected number of remaining working years. In this paper we use the prospective method to calculate human capital in the UK from the mid-eighteenth century to the present, providing the by far longest estimate for human capital for any country. To overcome the problems related to the scarcity of historical data, we developed a method which is able to make the most efficient use of the scarce data available for the eighteenth and nineteenth centuries. Our calculations show a 112-fold increase of human capital, and a 13-fold increase of human capital per worker and per capita from 1760 to 2009. Using cumulative schooling expenditures from 1833 to 2000, we examine whether increased spending on schooling explains this phenomenal growth in human capital
Classical economics · Demographic economics · Economic growth · Economics · Geography · Human capital · Labour economics · Market economy · Per capita · Physical capital · Population · Scarcity · Sociology · Demography · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Global Health Care Issues
Childhood and Child Labour in the British Industrial Revolution
British Economic Growth 1856-1973
English Population History from Family Reconstitution 1580–1837
Population, Technology, and Growth
The use of information about occupation
Human capital and growth
The population history of England, 1541-1871
Poverty
Human capital and economic growth
Human capital formation from occupations
Regional inequality in human capital formation in Europe, 1790–1880
The Formation and Stocks of Total Capital
Human capital and economic growth
Long run trends in energy-related external costs
Deskilling and decline in skill premium during the age of sail
Human capital and economic growth in Spain, 1850–2000
The Exploitation of Little Children
Dimensions of illiteracy, 1750–1850
Studies in Capital Formation in the United Kingdom 1750-1920
The Well-being of Nations
The Longest Years
New evidence and new methods to measure human capital inequality before and during the industrial revolution
An Investigation of the Female-Male Wage Gap During the Industrial Revolution in Britain
The rise of agrarian capitalism and the decline of family farming in England1
Genuine Savings
| Citations per year | 0.13 |
|---|---|
| Citation span | 2018 - 2018 (1) |
| Highly cited | No |