Abstract
Applying newly developed methods this paper quantifies human capital in Denmark and analyzes highly qualified immigration as a potential source of wealth generation. In order to quantify human capital, we use the methodology of Lettau and Ludvigson (2001, 2004), Zhang (2006) and Dreyer et al. (2013) where human capital is modeled as a latent variable. We apply a dynamic least squares co-integration regression for the multi-variate setting of Stock and Watson (1993). Our estimates are significant and the model suggests a per capita amount of human capital of about 3.2 million DKK.
| Original language | English |
|---|---|
| Journal | Journal of Academy of Business and Economics |
| Volume | 14 |
| Issue number | 2 |
| Pages (from-to) | 19-36 |
| Number of pages | 17 |
| ISSN | 1542-8710 |
| DOIs | |
| Publication status | Published - 2014 |
| Event | IABE Verona Summer conference 2014 - Verona, Italy Duration: 27 Jun 2014 → 29 Jun 2014 http://iabe.org/domains/iabeX/Documents/2014%20Verona/Live%20Documents/Call%20For%20Papers/VERONA%202014%20Call%20for%20Papers.pdf |
Conference
| Conference | IABE Verona Summer conference 2014 |
|---|---|
| Country/Territory | Italy |
| City | Verona |
| Period | 27/06/2014 → 29/06/2014 |
| Other | International Academy of Business and Economics |
| Internet address |
Keywords
- Quantification of Human Capital
- Denmark
- Green Card
- Income
- Consumption
- Immigration