Human Capital in Mexico: Estimating Externalities with the Constant-Composition Approach

Dawson, Lorin D. (2015) Human Capital in Mexico: Estimating Externalities with the Constant-Composition Approach. Undergraduate thesis, under the direction of Joshua Hendrickson from Economics, University of Mississippi.

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Abstract

Understanding a country’s human capital externalities is an important part of understanding economic phenomena and implementing national economic policy. However, externalities are difficult to estimate. Measurement error can cause a misinterpretation of economic models and result in misguided policies. The two methods of calculating human capital externalities are the Mincer Equation and Constant-Composition approach. The author estimates human capital externalities in Mexico with the Constant-Composition approach because the Mincer approach often finds externalities where none are present. Using the Constant-Composition method, the author finds no indication of human capital externalities in Mexico.

Item Type: Thesis (Undergraduate)
Creators: Dawson, Lorin D.
Student's Degree Program(s): BBA in Economics and BA in International Studies
Thesis Advisor: Joshua Hendrickson
Thesis Advisor's Department: Economics
Institution: University of Mississippi
Subjects: H Social Sciences > HB Economic Theory
Depositing User: Mr. Lorin Dawson
Date Deposited: 07 May 2015 15:37
Last Modified: 07 May 2015 15:37
URI: http://thesis.honors.olemiss.edu/id/eprint/313

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