Recent proposal for the estimation of household human capital

Giorgio Vittadini; Pietro Giorgio Lovaglio

doi:10.6092/issn.1973-2201/1295

Recent proposal for the estimation of household human capital

Authors

Giorgio Vittadini Università degli Studi di Milano-Bicocca
Dipartimento di Statistica
Pietro Giorgio Lovaglio Università degli Studi di Milano-Bicocca
Dipartimento di Statistica

DOI:

https://doi.org/10.6092/issn.1973-2201/1295

Abstract

Dagum and Slottje (2000) estimated household Human Capital (HC) as a Latent Variable (LV) proposing its monetary estimation by means of an actuarial approach. This paper introduces an improved method for the estimation of household HC as LV by means of formative and reflective indicators in agreement with the accepted economic definition of HC. The monetary HC distribution, estimated for Italian (2000) and US (2004) household, is used in a recursive causal model to explore the role of HC in macroeconomy.

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How to Cite

Vittadini, G., & Lovaglio, P. G. (2006). Recent proposal for the estimation of household human capital. Statistica, 66(3), 299–312. https://doi.org/10.6092/issn.1973-2201/1295