Research Paper Working Papers of the ESRC Research Centre on Micro-Social Change 99-24
Social position from narrative data
01 Dec 1999
This paper develops an individual-level index of human capital, estimated as the potential hourly wage that this might command in the UK in the mid 1990s. It compares the performance of this as a predictor of life chances (in the areas of finance and health) with a conventional class indicator designed for this purpose (the continuous indicator in fact performs approximately as well as the categorical class indicator), and illustrates the usefulness of the continuously scaled indicator through a model of historical change in the impact of work-breaks on women's economic resources.