From the birth of the human capital theory, economists were interested to find evidences showing the impact of the human capital on the economic output, discussing and debating more or less the effect of economic growth on the accumulation of human capital in the economy and the association...

The paper identifies three general approaches to human capital measurement: (i)using proxies for educational variables, (ii)income-based and (iii) cost-based methods and presents a critical review of them. The measurement of human capital stock is important for assessing its impact on economic...