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).

中文翻译：

---

日本的人力资本和经济增长：1885-2015

本研究基于劳动力质量的测量，同时考虑了教育的影响和跨行业的劳动力分配，介绍了从 1885 年到 2015 年的 130 年间日本的增长账户。测算结果表明，130年来，日本的劳动生产率增长了46倍，其中资本劳动比上升占40%，劳动力素质提高35%，全要素生产率（TFP）增长 36%。分别看二战前后的时期，我们发现战后劳动生产率增长明显加快，是战前时期的两倍。这种劳动生产率增长的差异可以用增长来源的差异来解释：