Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284854 
Year of Publication: 
2021
Series/Report no.: 
Texto para Discussão No. 2676
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
This study seeks to quantify the stock of human capital in the Brazilian economy from 1970 to 2010. We chose to use the IBGE Demographic Census microdata, because, contrary to what is done in other studies - which use fi xed rates of return for all periods and/or regions of the country - this study estimates different rates of return for each year and Brazilian microregions. From these results, it was also estimated the evolution of total factor productivity (TFP) between 1970 and 2010 taking into account the education level and hours worked per individual. The results show that, until the 2000s, increased schooling led to growth in human capital stock, but between 2000 and 2010, stock growth slowed and even decreased in per capita terms - mainly due to a fall in the returns to education. The growth accounting analysis shows that the signifi cant increase in education and human capital was not accompanied by an expansion of productivity, which was practically stagnant from 1970 to 2010.
Subjects: 
human capital
mincer equation
returns to education
JEL: 
I25
I26
J24
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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