Spoiler: In my previous post, I showed that we need more people to work longer. In this post I will look at the composition of human capital. I calculate a human capital stock as the product of the number of hours worked, the number of employees, and the experience and the education levels of the employees.
We need better educated people to work longer
We need better educated people to work longer
We need better educated people to work longer
Spoiler: In my previous post, I showed that we need more people to work longer. In this post I will look at the composition of human capital. I calculate a human capital stock as the product of the number of hours worked, the number of employees, and the experience and the education levels of the employees.