Cấu trúc việc làm và suất sinh lợi từ vốn con người tại vùng kinh tế trọng điểm phía Nam
DOI:
https://doi.org/10.24311/jabes/2023.34.7.4Abstract
Human capital has long been considered an important resource of enterprises, including many components in which formal training and accumulated skills are considered the most important. Human capital return is a concept measured by the profitable values created by human capital for businesses. This study used the Heckman model to estimate and analyze the rate of return on human capital in the southern key economic region of Vietnam using the 2020 Vietnam Labor Force Survey (LFS) dataset with 49,207 observations after selection. According to the research findings, the rate of return connected with worker human capital, boosting the expansion of human capital in all aspects encourages a greater level of profitability.
References
Adda, J., Dustmann, C., & Stevens, K. (2017). The career costs of children. Journal of Political Economy, 125(2), 293–337.
Au, A. K. M., Altman, Y., & Roussel, J. (2008). Employee training needs and perceived value of training in the Pearl River Delta of China: A human capital development approach. Journal of European Industrial Training, 32(1), 19–31.
Aletdinova, A. A., & Koritsky, A. V. (2020). Comparative analysis of the return on human capital in the European and Asian Regions of Russia. Regional Research of Russia, 10, 213–219.
Becker, G. S. (1964). Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. Chicago: National Bureau of Economic Research.
Retrieved from https://www.nber.org/books-and-chapters/human-capital-theoretical-and-empirical-analysis-special-reference-education-first-edition
Becker, G. S., & Murphy, K. M. (2003). Social Economics: Market Behavior in a Social Environment. Harvard University Press.
Becker, G. S. (2009). Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. University of Chicago press.
Ben-Porath, Y. (1967). The production of human capital and the life cycle of earnings. Journal of Political Economy, 75(4), 352–365. doi: 10.1086/259291
Bhatti, S. H. (2013). Estimation of the mincerian wage model addressing its specification and different econometric issues [Doctoral dissertation, Université de Bourgogne]. Retrieved from https://theses.hal.science/tel-00780563v1
Bontis, N. (1998). Intellectual capital: An exploratory study that develops measures and models. Management Decision, 36(2), 63–76.
Bontis, N., & Fitz‐enz, J. (2002). Intellectual capital ROI: A causal map of human capital antecedents and consequents. Journal of Intellectual Capital, 3(3), 223–247.
Borjas, G. (2013). Labor Economics (6th ed.). Boston: McGraw-Hill/Irwin.
Cahuc, P., Carcillo, S., & Zylberberg, A. (2014). Labor Economics (2nd ed.). Cambridge, Massachusetts: The MIT Press.
de la Fuente, A., & Ciccone, A. (2003). Le capital humain dans une économie mondiale sur la connaissance. Rapport pour la Commission Européenne.
Demombynes, G., & Testaverde, M. (2018). Employment structure and returns to skill in Vietnam: Estimates using the labor force survey (Policy Research Working Paper No. 8364). World
Bank Group.
Ehrenberg, R. G., & Smith, R. S. (2017). Modern Labor Economics: Theory and Public Policy (13th ed.). New York: Routledge.
Florin, J., Lubatkin, M., & Schulze, W. (2003). A social capital model of high-growth ventures. Academy of Management Journal, 46(3), 374–384.
Hanushek, E. A., Machin, S. J., & Wößmann, L. (2023). Handbook of the Economics of Education (Vol 6). Elsevier.
Heckman, J. J., Lochner, L. J., & Todd, P. E. (2006). Earnings functions, rates of return and treatment effects: The mincer equation and beyond. Handbook of the Economics of Education, 1, 307–458.
Lazear, E. P., & Oyer, P. (2004). The structure of wages and internal mobility. American Economic Review, 94(2), 212–216.
Lazear, E. P., & Shaw, K. L. (2007). Personnel economics: The economist's view of human resources. Journal of Economic Perspectives, 21(4), 91–114.
Lee, B. J., & Lee, M. J. (2006). Quantile regression analysis of wage determinants in the Korean labor market. Journal of the Korean Economy, 7(1), 1–31.
Leontaridi, R. M. (2002). Career, experience and returns to human capital: Is the dual labour market hypothesis relevant for the UK?. Research in Economics, 56(4), 399–426.
Lindsay, C. M. (1971). Measuring human capital returns. Journal of Political Economy, 79(6), 1195–1215. doi: 10.1086/259831
Maazouz, M. (2013). Return to investment in human capital and policy of labour market: Empirical analysis of developing countries. Procedia Economics and Finance, 5, 524–531. doi: 10.1016/S2212-5671%2813%2900062-2
Mincer, J. (1958). Investment in human capital and personal income distribution. Journal of Political Economy, 66(4), 281–302. doi: 10.1086/258055
Mincer, J. (1974). Schooling, Experience, and Earnings (Human Behavior and Social Institutions No. 2). National Bureau of Economic Research. Retrieved from https://www.nber.org/books-and-chapters/schooling-experience-and-earnings
Mincer, J., & Polachek, S. (1974). Family investments in human capital: Earnings of women. Journal of political Economy, 82(2, Part 2), S76-S108.
Petty, W. (1690). Political Arithmetik. London: Robert Clavel and Henry Mortlock.
Rastogi, P. N. (2002). Knowledge management and intellectual capital as a paradigm of value creation. Human Systems Management, 21(4), 229–240. doi: 10.3233/HSM-2002-21402
Rodriguez, J. P., & Loomis, S. R. (2007). A new view of institutions, human capital, and market standardisation. Education, Knowledge and Economy, 1(1), 93–105. doi: 10.1080/17496890601128357
Romer, P. M. (1990). Capital, labor, and productivity. Brookings Papers on Economic Activity: Microeconomics, 1990, 337–367.
Sullivan, P. (2010). Empirical evidence on occupation and industry specific human capital. Labour Economics, 17(3), 567–580.
Schultz, T. W. (1961). Investment in human capital. American Economic Review, 51(1), 1–17.
Tổng cục Thống kê. (2020). Điều tra lao động việc làm Việt Nam năm 2020.
Truy cập từ https://www.gso.gov.vn/du-lieu-va-so-lieu-thong-ke/2022/02/bao-cao-dieu-tra-lao-dong-viec-lam-nam-2021/
Tran, T. Q., & Vu, H. V. (2020). Wage earning differentials by field of study: Evidence from Vietnamese university graduates. International Journal of Educational Development, 78, 102271.
Westphalen, S. A. (1999). Reporting on human capital; Objectives and trends. In International Symposium - Measuring and Reporting Intellectual Capital: Experience, Issues, and Prospects. Technical Meeting, 9–10 June, 1999. Amsterdam. Retrieved from https://www.oecd.org/sti/ind/1948014.pdf
Willis, R. (1987). Wage determinants: A survey and reinterpretation of human capital earnings functions. Handbook of Labor Economics, 1, 525–602.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 JOURNAL OF ASIAN BUSINESS AND ECONOMIC STUDIES

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.



