AWage Based Measure of Regional Aggregate Human Capital

The role of the accumulation of human capital to per capita in-come growth has been sharply debated among economists and policy makers. One open question of this debate is how to measure human capital. The standard approach is to use the average years of educa-tion of the labour force or the school enrolment rates as proxies for the stock of human capital. However, formal schooling achievement does not fully capture all the human capital stock. In fact, other form