The Relation Between Human Capital and W age or Salary Employment, 2005-2018

In this study, we use Human Capital matrices constructed by education, age group and gender to investigate how wage and salary employment evolved during the 2005-2018 period. The objective is to provide a demand side explanation predicated on the premise “human capital increases productivity.” To help assess the role of supply side constraints, a brief background review of the changes in human capital endowments of the working age population is provided. The analyses are based on micro data from the Quarterly Household Labor Force Survey.