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Investing in human capital to boost growth!

Author

Listed:
  • Caroleo, Floro Ernesto
  • Pastore, Francesco

Abstract

The Italian economy performs well below the EU average. The reason is a dramatic and persistent low rate of investment, always invoked but never supported by national and supra-national institutions. However, investment to increase the quantity and quality of human capital is key to boost economic growth and cannot be achieved without adequate financial resources. At the same time, the educational system needs to relaunch university reforms (including the Gelmini and 3+2 reforms) which have been unsuccessful so far because they were poorly implemented. Last but not least, more and better ties between the educational system and the labor market should be developed as soon as possible.

Suggested Citation

  • Caroleo, Floro Ernesto & Pastore, Francesco, 2017. "Investing in human capital to boost growth!," GLO Discussion Paper Series 144, Global Labor Organization (GLO).
    • Handle: RePEc:zbw:glodps:144
    as

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    References listed on IDEAS

    as
    1. Francesco Pastore, 2015. "The Youth Experience Gap," SpringerBriefs in Economics, Springer, edition 127, number 978-3-319-10196-5, October.
    2. Pastore, Francesco, 2017. "Why so slow? The School-to-Work Transition in Italy," GLO Discussion Paper Series 65, Global Labor Organization (GLO).
    3. Antonio Ciccone & Federico Cingano & Piero Cipollone, 2004. "The Private and Social Return to Schooling in Italy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 63(3-4), pages 413-444, December.
    4. Floro Ernesto Caroleo & Francesco Pastore, 2012. "Overeducation at a glance. Determinants and wage effects of the educational mismatch, looking at the AlmaLaurea data," Discussion Papers 18_2012, CRISEI, University of Naples "Parthenope", Italy.
    5. Clorinda Maisto & Francesco Pastore, 2017. "Alternanza scuola-lavoro: un bilancio preliminare a un anno dall'attuazione," Economia & lavoro, Carocci editore, issue 1, pages 133-146.
    6. Francesco Pastore, 2017. "Getting It Right: Youth Employment Policy within the EU," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(02), pages 26-33, July.
    7. Altonji, Joseph G, 1993. "The Demand for and Return to Education When Education Outcomes Are Uncertain," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages 48-83, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Public Investment; Aggregate Human capital; Economic Growth; Educational Reforms; 3+2 University Reform;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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