Evolution of the annual human capital index for the brazilian economy: 1995-2022
DOI:
https://doi.org/10.1590/1980-53575423fjfaKeywords:
Human capital, Growth accounting, TFPAbstract
In this paper, we construct the Human Capital Index (ICH) for Brazil, covering the period from 1995 to 2022. We used microdata from National Household Sample Surver (PNAD) and PNAD Contínua, both made available by Brazilian Institute of Geography and Statistics (IBGE). We adapted the methodology used by several international organizations, such as the Bureau of Labor Statistics (BLS). The ICH captures structural movements in the quality of the Brazilian workforce, given the wide temporal range of the data, and its derivation is compatible with the usual methodology for decomposing economic growth. We thus used the ICH to adjust the labor factor in the total factor productivity (TFP) calculation. The results show that ICH presented an average annual growth of 2.2% between 1995 and 2022. In addition, the inclusion of the ICH influenced the TFP dynamics, which registered an average annual drop of 0.9% in the analyzed period.
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Coordenação de Aperfeiçoamento de Pessoal de Nível Superior
Grant numbers 001
