Chapter

The Relation among Human Capital, Productivity, and Market Value

John M. Abowd, John Haltiwanger, Ron Jarmin, Julia Lane, Paul Lengermann, Kristin McCue, Kevin McKinney and Kristin Sandusky

in Measuring Capital in the New Economy

Published by University of Chicago Press

Published in print October 2005 | ISBN: 9780226116129
Published online February 2013 | e-ISBN: 9780226116174 | DOI: http://dx.doi.org/10.7208/chicago/9780226116174.003.0006
The Relation among Human Capital, Productivity, and Market Value

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This chapter explores new micro-based measures of human capital and the connections among human capital, productivity and market value. The analysis of measures of human capital and productivity reveals strong positive links in the microdata that differ according to the component of human capital used. The most-skilled workers have a disproportionate positive impact on productivity and the least-skilled workers have a disproportionate negative impact on productivity. The findings also suggest that human capital is closely connected to intangible capital.

Keywords: human capital; productivity; market value; microdata; intangible capital

Chapter.  21250 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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