Wealth & Immigration in Denmark: An Analysis of Human Capital

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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 languageEnglish
JournalJournal of Academy of Business and Economics
Volume14
Issue number2
Pages (from-to)19-36
Number of pages17
ISSN1542-8710
Publication statusPublished - 2014
EventIABE Verona Summer conference 2014 - Verona, Italy
Duration: 27 Jun 201429 Jun 2014
http://iabe.org/domains/iabeX/Documents/2014%20Verona/Live%20Documents/Call%20For%20Papers/VERONA%202014%20Call%20for%20Papers.pdf

Conference

ConferenceIABE Verona Summer conference 2014
CountryItaly
CityVerona
Period27/06/201429/06/2014
OtherInternational Academy of Business and Economics
Internet address

Keywords

  • Quantification of Human Capital
  • Denmark
  • Green Card
  • Income
  • Consumption
  • Immigration

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