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The Quantity and Quality of Schooling and U.S. Labor Productivity Growth (1870-2000)

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  • Peter Rangazas

    (IUPUI)

Abstract

This paper accounts for the contribution of the quantity and quality of schooling to worker productivity growth in the United States from 1870 to 2000. Schooling investments rose dramatically over the period before leveling off around 1970. Schooling likely caused 30 to 40 percent of the fivefold rise in worker productivity from 1870 to 1970 and produced a "wave pattern" in productivity growth (previously attributed solely to the timing and diffusion of important technological innovations). The results suggest that about 1 percent of the century-long 1.6-percent growth rate in worker productivity is sustainable. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1006/redy.2002.0165
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 5 (2002)
Issue (Month): 4 (October)
Pages: 932-964

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Handle: RePEc:red:issued:v:5:y:2002:i:4:p:932-964

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Citations

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Cited by:
  1. Alex Mourmouras & Peter Rangazas, 2008. "Fiscal Policy and Economic Development," IMF Working Papers, International Monetary Fund 08/155, International Monetary Fund.
  2. William Lord & Peter Rangazas, 2006. "Fertility and development: the roles of schooling and family production," Journal of Economic Growth, Springer, Springer, vol. 11(3), pages 229-261, September.
  3. Hatsor, Limor, 2012. "Occupational choice: Teacher quality versus teacher quantity," Labour Economics, Elsevier, Elsevier, vol. 19(4), pages 608-623.
  4. Cervellati, Matteo & Sunde, Uwe, 2013. "Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited," IZA Discussion Papers 7286, Institute for the Study of Labor (IZA).
  5. Gregory Gilpin & Michael Kaganovich, 2011. "The Quantity and Quality of Teachers: Dynamics of the Trade-off," Caepr Working Papers, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington 2011-006, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.
  6. Salam Abdus & Peter Rangazas, 2011. "Adult Nutrition and Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(4), pages 636-649, October.
  7. Matthias Cinyabuguma & Bill Lord & Christelle Viauroux, 2012. "Revolution in U.S. Fertility, Schooling and Women's Work, 1875-1940: Assessing Proposed Explanations," UMBC Economics Department Working Papers, UMBC Department of Economics 12-04, UMBC Department of Economics, revised 30 Aug 2013.
  8. M Salehizadeh, 2005. "Foreign Direct Investment Inflows and the US Economy: An Empirical Analysis," Economic Issues Journal Articles, Economic Issues, Economic Issues, vol. 10(2), pages 29-50, September.
  9. Todd Schoellman & Lutz Hendricks, 2009. "Student Abilities During the Expansion of U.S. Education, 1950-2000," 2009 Meeting Papers, Society for Economic Dynamics 162, Society for Economic Dynamics.

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