On Measuring Human Capital: A Case Study of Viet Nam
Using Viet Nam’s household survey data, this paper has developed a new measure of human capital that takes account of the different levels of education that people possess while accounting for their productivity.
This study develops a productivity-based single measure of human capital, taking account different levels of education and productivity differentials across workers. Using this new measure, the paper presents empirical estimates of human capital in Viet Nam and compares the stock of human capital contributed by vocational and general education. It also deals with equity in human capital particularly as contributed by vocational education, and measures this equity across income quintiles and various socioeconomic and demographic groups in Viet Nam.
- Empirical Application to Viet Nam
- Equity in Human Capital
- Human Capital Across Socioeconomic and Demographic Groups
- Inequality in Human Capital Across Socioeconomic Groups
- Skills and Productivity
- Conclusions and Policy Implications