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Heterogeneity in Human Capital and Economic Growth

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  • Stefania Zotteri

    (Bank of Italy, Economic Research Department)

Abstract

This paper explores the growth-enhancing role played by heterogeneity in human capital accumulation. It develops a growth model that takes into account more than one mechanism for accumulating human capital; in particular, schooling and on-the-job training are considered. The paper demonstrates that human capital composition, which is generally neglected in growth models, is important in determining the growth rate of the economy and, in particular, that complementarities between different types of human capital investment are important. Moreover, heterogeneity among workers, due to differences in human capital initial endowments, can change the growth rate of the economy.

Suggested Citation

  • Stefania Zotteri, 2002. "Heterogeneity in Human Capital and Economic Growth," Temi di discussione (Economic working papers) 455, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:wptemi:td_455_02
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    File URL: http://www.bancaditalia.it/pubblicazioni/temi-discussione/2002/2002-0455/tema_455_02.pdf
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    References listed on IDEAS

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    Cited by:

    1. Sergio Scicchitano, 2010. "Complementarity between heterogeneous human capital and R&D: can job-training avoid low development traps?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 37(4), pages 361-380, November.
    2. Paolo Angelini & Paolo Del Giovane & Stefano Siviero & Daniele Terlizzese, 2002. "Monetary Policy Rules for the Euro Area: What Role for National Information?," Temi di discussione (Economic working papers) 457, Bank of Italy, Economic Research and International Relations Area.

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    More about this item

    Keywords

    heterogeneity; human capital; economic growth;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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