El valor del capital humano: una aproximación desde el enfoque del ingreso para Colombia, 2001-2009 (The Value of Human Capital in Colombia, 2001-2009: An Estimate Based on the Lifetime Income Approach)

Cuadernos de Economía, Vol. 32, No. 60, pp. 467-504, 2013

38 Pages Posted: 10 Apr 2014

See all articles by Juan Correa

Juan Correa

Universidad de Antioquia

Jaime Montoya

Universidad Autónoma de San Luis Potosí (UASLP)

Date Written: December 30, 2013

Abstract

Spanish Abstract: En este trabajo se estima el valor del stock de capital humano para Colombia en el período 2001-2009, a partir del enfoque de ingresos vitales. Se identifica una tasa de crecimiento del stock agregado de 3,24%, a la cual los hombres contribuyen en mayor medida, al igual que las personas con nivel educativo superior incompleto, mientras los individuos más jóvenes contribuyen más por grupos de edad. Las tasas de inversión bruta, depreciación y revaluación estimadas en 7,48%, 4,44%, y 0,1%, respectivamente, arrojan una tasa de inversión neta de 3,09%. Finalmente, el stock es sensible a cambios paramétricos, pero sus tasas de crecimiento parecen inalteradas.

English Abstract: This study employed the lifetime income approach to estimate the value of Colombia’s human capital stock between 2001 and 2009. The findings demonstrate that aggregate stock grew 3.24% over the period. A gender breakdown showed that men contributed more to this growth rate than did women, as did those who had completed higher education compared to those who had not, while analysis by age group showed that younger individuals contributed more than their elders. Likewise, the rates of gross investment, depreciation and revaluation of human capital were estimated at 7.48%, 4.44% and 0.1% respectively, yielding a net investment rate of 3.09%. Finally, although the stock was sensitive to parametric changes, growth rates appeared relatively unaffected overall.

Note: Downloadable document is in Spanish.

Keywords: Human capital, Jorgenson-Fraumeni methodology, future income stream, aggregate stock, Divisia Index

JEL Classification: C43, E29, I29, J24, J3, O15

Suggested Citation

Correa, Juan and Montoya, Jaime, El valor del capital humano: una aproximación desde el enfoque del ingreso para Colombia, 2001-2009 (The Value of Human Capital in Colombia, 2001-2009: An Estimate Based on the Lifetime Income Approach) (December 30, 2013). Cuadernos de Economía, Vol. 32, No. 60, pp. 467-504, 2013. Available at SSRN: https://ssrn.com/abstract=2337319

Juan Correa (Contact Author)

Universidad de Antioquia ( email )

Calle 67 No. 53 108
Apartado Aereo
Medellin, 1226
Colombia

Jaime Montoya

Universidad Autónoma de San Luis Potosí (UASLP) ( email )

Mexico

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