Human Capital, Schooling and Health Returns

23 Pages Posted: 3 Apr 2003

See all articles by T. Paul Schultz

T. Paul Schultz

Yale University - Economic Growth Center; IZA Institute of Labor Economics

Date Written: April 2003

Abstract

A consensus has been forged in the last decade that recent periods of sustained growth in total factor productivity and reduced poverty are closely associated with improvements in a population's child nutrition, adult health, and schooling, particularly in low-income countries. Estimates of the productive returns from these three forms of human capital investment are nonetheless qualified by a number of limitations in our data and analytical methods. This paper reviews the problems that occupy researchers in this field and summarizes accumulating evidence of empirical regularities. Social experiments must be designed to assess how randomized policy interventions motivate families and individuals to invest in human capital, and then measure the changed wage opportunities of those who have been induced to make these investments.

Keywords: Health, Productivity, Human Capital, Schooling, Returns

JEL Classification: J24, I12, I21

Suggested Citation

Schultz, T. Paul, Human Capital, Schooling and Health Returns (April 2003). Available at SSRN: https://ssrn.com/abstract=392781

T. Paul Schultz (Contact Author)

Yale University - Economic Growth Center ( email )

Box 208269
New Haven, CT 06520-8269
United States
203-432-3620 (Phone)
203-432-5591 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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