School of Management, Nanjing University of Posts and Telecommunications, Nanjing, China.
International Monetary Fund, Washington, DC, United States.
Front Public Health. 2022 Apr 25;10:885957. doi: 10.3389/fpubh.2022.885957. eCollection 2022.
This study investigates the determinants of human capital stocks, measured by the Penn World Table data, in the panel dataset of 122 countries from 1996 to 2019. The special role is given to the World Pandemics Uncertainty index to measure pandemics uncertainty across countries. The paper finds that per capita gross domestic product and population increase human capital stocks. The decline in fertility rates leads to a higher level of human capital. The interesting evidence is that pandemics' uncertainty decreases human capital. These findings are valid when we focus on both the high-income and the middle/low-income economies. These results are against the Becker-Lewis theory's validity since sources of uncertainty are negatively related to human capital.
本研究利用 1996 年至 2019 年 122 个国家的面板数据集，以宾夕法尼亚世界表数据衡量的人力资本存量为研究对象，考察了人力资本存量的决定因素。特别关注世界大流行不确定性指数，以衡量各国的大流行不确定性。本文发现，人均国内生产总值和人口增长会增加人力资本存量。生育率的下降导致更高水平的人力资本。有趣的证据是，大流行的不确定性会降低人力资本。当我们关注高收入和中低收入经济体时，这些发现都是有效的。这些结果与贝克尔-刘易斯理论的有效性相悖，因为不确定性的来源与人力资本呈负相关。
