Statements on the Data
1. The results are based on the Jorgenson-Fraumeni (J-F) lifetime income method, and we use the Mincer equation to estimate income.
2. The discount rate is 4.58% for results here.
3. We use year 1985 as base year and use CPI as deflator to calculate the real values.
4. The results are based on 5 education categories.
5. The “labor force human capital” refers to the non-retired population aged 15 and above. In the report 2014, labor force human capital doesn’t contain human capital for students.
6. The results of the national level and the provincial level are not directly comparable due to different micro-sample used in estimating the Mincer model.
7. According to the data privacy regulations in Taiwan and Hong Kong, we only offer the results of total human capital, total labor force human capital, per capita human capital and per labor capita human capital of Taiwan and Hong Kong.
8. The national and provincial physical capital index results are based on hyperbolic method and net wealth method.