Honors Theses

Date of Award


Document Type

Undergraduate Thesis


Croft Institute for International Studies

First Advisor

Joshua Hendrickson

Relational Format



Understanding a country's human capital externalities is an important part of understanding economic phenomena and implementing national economic policy. However, externalities are difficult to estimate. Measurement error can cause a misinterpretation of economic models and result in misguided policies. The two methods of calculating human capital externalities are the Mincer Equation and Constant-Composition approach. The author estimates human capital externalities in Mexico with the Constant-Composition approach because the Mincer approach often finds externalities where none are present. Using the Constant-Composition method, the author finds no indication of human capital externalities in Mexico.


A thesis presented in partial fulfillment of the requirements for completion of the Bachelor of Arts degree in International Studies from the Croft Institute for International Studies and the Sally McDonnell Barksdale Honors College.

Included in

Economics Commons



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