HUMAN CAPITAL AND ECONOMIC GROWTH IN JAPAN: 1885–2015
研究了日本1885至2015年间劳动力质量（教育及行业间劳动力配置）对劳动生产率增长的贡献，发现130年间劳动生产率增长46倍，其中资本劳动比贡献40%，劳动力质量改善贡献35%，全要素生产率增长贡献36%。
Abstract This study presents growth account for Japan for the 130 years from 1885 to 2015 based on the measurement of labor quality simultaneously taking the effects of education and the allocation of labor across industries into account. The estimation results indicate that, over the 130 years, Japan's labor productivity rose 46‐fold, with increases in the capital‐labor ratio accounting for 40% of this rise, improvements in labor quality for 35%, and total factor productivity (TFP) growth for 36%. Looking at the periods before and after World War II separately, we found that labor productivity growth accelerated substantially in the postwar period and was twice as high as in the prewar period. This difference in labor productivity growth can be explained by differences in the sources of growth: while growth during the prewar period was driven mainly by improvements in labor quality (with a growth contribution of 37%), during the postwar period, increases in the capital‐labor ratio and TFP growth made the largest contribution (38% and 35%, respectively).