The educational and working experience household human capital in a structural model with formative and reflective indicators
|
digital
Article
|
||||||||||||||||||||
Article |
Ebook format Pdf readable on these devices:
|
|
|
|
|
The aim of the present paper is to generalize the definition of Human Capital (HC) as unidimensional
latent variable (LV) to the case of bidimensional LV composed by an ‘‘Educational dimension’’
and a ‘‘Working experience dimension’’ underlying the process of determination and accumulation
of earned Income and capital Income. In particular we propose an extended version of the statistical
definition of HC (part 2), coherent with the economic theory and major studies that have proposed
HC indicators (part 3); then, in order to overcome the limits of classical approaches, an estimation
method that provides standardized LV (part 4) and an actuarial approach that obtains HC scores
in monetary values are proposed (part 6) and applied to the estimation of the Italian household
HC in 2000 (part 5). Then, to investigate relations between HC and other relevant economic variables
for household, a structural model is specified and estimated (part 7). Final section draws major
conclusions (part 8).
|
Browse the archive
Online First Articles
Recent issues
STATISTICA & APPLICAZIONI - 2022 - 2
STATISTICA & APPLICAZIONI - 2022 - 1
STATISTICA & APPLICAZIONI - 2021 - 2
STATISTICA & APPLICAZIONI - 2022 - 1
STATISTICA & APPLICAZIONI - 2021 - 2
