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Human Capital and Labour Productivity, Integration of Institutions and Endogenous Growth

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Author Info
Lei Delsen (University of Nijmegen)
Mark Schonewille (University of Nijmegen)

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Abstract

This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It is argued that the Nelson-Phelps approach could be improved by adding elements from the Lucas model. We think that the production factor of human capital needs a more detailed description than usual in empirical research, e.g. further schooling and training, experience and external effects. Empirical tests show that the frequently obtained conclusion that investments in higher education are too low are doubtful. The tests also show the importance of further education and training, especially on-the-job training.

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File URL: http://129.3.20.41/eps/hew/papers/9908/9908001.pdf
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Publisher Info
Paper provided by EconWPA in its series HEW with number 9908001.

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Length: 21 pages
Date of creation: 05 Aug 1999
Date of revision:
Handle: RePEc:wpa:wuwphe:9908001

Note: Type of Document - Acrobat Reader *.pdf; prepared on PC and Macintosh; to print on Postscript; pages: 21; figures: Empirical results in tables. Paper for the EALE conference in Regensburg, 23-26 September, 1999.
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Related research
Keywords: human capital; labour productivity; specificity; turnover; labour markets; education; off-the-job training; on-the-job training; models; experience; learning by doing;

Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
J63 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Turnover; Vacancies; Layoffs

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Daron Acemoglu & Joern-Steffen Pischke, 1998. "Beyond Becker: Training in Imperfect Labor Markets," Working papers 98-12, Massachusetts Institute of Technology (MIT), Department of Economics.
    Other versions:
  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. Mark Bils & Peter J. Klenow, 2000. "Does Schooling Cause Growth?," American Economic Review, American Economic Association, vol. 90(5), pages 1160-1183, December. [Downloadable!] (restricted)
  4. Cörvers,F., 1996. "The impact of human capital on labour productivity in manufacturing sectors of the European Union," Research Memoranda 001, Maastricht : ROA, Research Centre for Education and the Labour Market. [Downloadable!]
    Other versions:
  5. Torvik, Ragnar, 1993. " Talent, Growth and Income Distribution," Scandinavian Journal of Economics, Blackwell Publishing, vol. 95(4), pages 581-96, December.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Oreggia, Eduardo, 2000. "Education Policies And Labour Markets: The Effect On Regional Growth In Mexico," ERSA conference papers ersa00p515, European Regional Science Association. [Downloadable!]
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This page was last updated on 2009-11-19.

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