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- W2188078621 abstract "This article presents experimental estimates of the UK’s human capital stock in the years 2001 to 2010. The article first discusses the concept of human capital and its importance. Next, it considers the alternative methods for measuring human capital before explaining in detail the lifetime labour income approach. The methodology is then applied to data from the Labour Force Survey to produce estimates of the UK human’s capital stock between 2001 and 2010 inclusive. These results and the factors driving the results are then discussed. The key findings are that using a discounted lifetime labour income approach and assuming a discount rate of 3.5 per cent and labour productivity growth rate of two per cent, the UK’s human capital stock was worth £17.12 trillion in 2010. This is more than two-and-a-half times the UK National Accounts estimated value of the UK's tangible assets - buildings, vehicles, plant and machinery etc - at the beginning of 2010. The estimated value of the UK's human capital stock in 2010 was £130 billion lower than the estimate for the human capital stock in 2009." @default.
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- W2188078621 date "2011-01-01" @default.
- W2188078621 modified "2023-09-24" @default.
- W2188078621 title "Human Capital Estimates, 2010" @default.
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