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Bildung und Wirtschaftswachstum (Education and economic growth)

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Author Info
Schettkat, Ronald
Abstract

"Education is the 'raw material' of the knowledge-based society which is at the centre of the new neo-classical growth theory, and most of all at the heart of the evolutionary growth theory, as the innovation capabilities of economies depend on human capital. According to the more recent theories of economic growth, not only the level of per capita income is influenced by qualifications but also the economic dynamics. First, this paper discusses the importance of human capital for the growth theories and presents some estimates. Then the private and social incentives for investments in human capital are dealt with and the connection between qualifications and labour organisation is shown. In conclusion, the human capital trends in Germany are analysed and compared with those of other countries. The relative human capital trends show that Germany is putting at risk the most important resource for its economic development. The labour organisation model of the Federal Republic of Germany, which has made possible a highly flexible quality production, demands a relatively homogeneous qualification structure whose foundation is removed by neglecting investments in education, thus endangering economic growth in Germany." (author's abstract, IAB-Doku) ((en))

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Article provided by Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany] in its journal Mitteilungen aus der Arbeitsmarkt– und Berufsforschung.

Volume (Year): 35 (2002)
Issue (Month): 4 ()
Pages: 616-627
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Handle: RePEc:iab:iabmit:v:35:i:4:p:616-627

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Related research
Keywords: Bildung; Wirtschaftswachstum; Innovationsfähigkeit; Humankapital; Wachstumstheorie; Arbeitsorganisation; Qualifikationsanforderungen; Qualifikationsdefizit; Qualifikationsentwicklung - internationaler Vergleich; Lohnunterschied; Bundesrepublik Deutschland; USA; Frankreich; Niederlande; Großbritannien; Bundesrepublik Deutschland;

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  1. Acemoglu, Daron & Shimer, Robert, 2000. "Productivity gains from unemployment insurance," European Economic Review, Elsevier, vol. 44(7), pages 1195-1224, June. [Downloadable!] (restricted)
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  2. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October. [Downloadable!] (restricted)
  3. Alan Krueger & Diane Whitmore, 1999. "The Effect of Attending a Small Class in the Early Grades on College-Test Taking and Middle School Test Results: Evidence from Project STAR," Working Papers 806, Princeton University, Department of Economics, Industrial Relations Section.. [Downloadable!]
    Other versions:
  4. repec:fth:prinin:427 is not listed on IDEAS
  5. Freeman, Richard & Schettkat, Ronald, 2001. "Skill Compression, Wage Differentials, and Employment: Germany vs the US," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 582-603, July.
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  6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July. [Downloadable!] (restricted)
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