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Activity Number:
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371
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Type:
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Topic Contributed
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Date/Time:
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Wednesday, August 11, 2004 : 2:00 PM to 3:50 PM
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Sponsor:
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Business and Economics Statistics Section
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| Abstract - #300426 |
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Title:
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The Estimate of Human Capital from Two Sets of Observables Indicators: Formative and Reflective
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Author(s):
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Vittadini Giorgio*+ and Lovaglio Pietro Giorgio
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Companies:
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University of Bicocca, Milan and University of Bicocca, Milan
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Address:
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1, p.zza ateneo Nuovo, Milan , International, 20123, Italy
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Keywords:
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human capital ; latent variables ; structural model ; path diagram ; formative indicators ; reflective indicators
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Abstract:
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A situation well known in literature is a Latent Variable (LV) linked to its Manifest Variables both in a reflexive block and a formative block, where a block is said to be formative if the manifest variables cause the latent variables, whereas the block is reflexive if the latent variables cause manifest variables. The aim of the present paper is to generalize the unique-reflective indicator approach proposed to the estimate of Human Capital to the case of a set of indicators specifying a measurement model coherent with the economic issues. The importance of the income as reflective indicator for the HC justifies the research of different aspect of this variables (wage, financial, etc) and different sets of formative indicators (educational variables and working experience variables). In this way the dimension of HC can be extended to a multiple dimension (each with possibly different sets of formative or reflective Indicators).
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