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Growth in worker quality

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  • Daniel Aaronson
  • Daniel G. Sullivan

Abstract

This article shows that increases in the educational attainment and labor market experience of the U.S. work force have led to an advance in labor productivity of more than 0.2 percentage points per year since the early 1960s. Estimates show, however, some declaration in the pace of labor quality improvements toward the end of the 1990s. Forecasts call for a continued decline over the remainder of the current decade.

Suggested Citation

  • Daniel Aaronson & Daniel G. Sullivan, 2001. "Growth in worker quality," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q IV), pages 53-74.
  • Handle: RePEc:fip:fedhep:y:2001:i:qiv:p:53-74:n:v.25no.4
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    References listed on IDEAS

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    Keywords

    Labor market; Labor productivity;

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