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Bildung und Wirtschaftswachstum (Education and economic growth)

  • Schettkat, Ronald

"Education is the 'raw material' of the knowledge-based society which is at the centre of the new neo-classical growth theory, and most of all at the heart of the evolutionary growth theory, as the innovation capabilities of economies depend on human capital. According to the more recent theories of economic growth, not only the level of per capita income is influenced by qualifications but also the economic dynamics. First, this paper discusses the importance of human capital for the growth theories and presents some estimates. Then the private and social incentives for investments in human capital are dealt with and the connection between qualifications and labour organisation is shown. In conclusion, the human capital trends in Germany are analysed and compared with those of other countries. The relative human capital trends show that Germany is putting at risk the most important resource for its economic development. The labour organisation model of the Federal Republic of Germany, which has made possible a highly flexible quality production, demands a relatively homogeneous qualification structure whose foundation is removed by neglecting investments in education, thus endangering economic growth in Germany." (Author's abstract, IAB-Doku) ((en))

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Article provided by Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany] in its journal Mitteilungen aus der Arbeitsmarkt- und Berufsforschung.

Volume (Year): 35 (2002)
Issue (Month): 4 ()
Pages: 616-627

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Handle: RePEc:iab:iabmit:v:2002:i:4:p:616-627
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  1. Edward P. Lazear, 2001. "Educational Production," The Quarterly Journal of Economics, MIT Press, vol. 116(3), pages 777-803, August.
  2. Richard B. Freeman & Ronald Schettkat, 2000. "Skill Compression, Wage Differentials and Employment: Germany vs. the US," NBER Working Papers 7610, National Bureau of Economic Research, Inc.
  3. Richard B. Freeman & Lawrence F. Katz, 1995. "Introduction and Summary," NBER Chapters, in: Differences and Changes in Wage Structures, pages 1-22 National Bureau of Economic Research, Inc.
    • John M. Abowd & Richard B. Freeman, 1991. "Introduction and Summary," NBER Chapters, in: Immigration, Trade, and the Labor Market, pages 1-26 National Bureau of Economic Research, Inc.
    • George J. Borjas & Richard B. Freeman, 1992. "Introduction and Summary," NBER Chapters, in: Immigration and the Workforce: Economic Consequences for the United States and Source Areas, pages 1-16 National Bureau of Economic Research, Inc.
  4. Dan Devroye & Richard B. Freeman, 2002. "Does inequality in skills explain inequality of earnings across advanced countries?," LSE Research Online Documents on Economics 20058, London School of Economics and Political Science, LSE Library.
  5. 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.
  6. Nelson, Richard R & Pack, Howard, 1999. "The Asian Miracle and Modern Growth Theory," Economic Journal, Royal Economic Society, vol. 109(457), pages 416-36, July.
  7. Acemoglu, Daron & Shimer, Robert, 2000. "Productivity gains from unemployment insurance," European Economic Review, Elsevier, vol. 44(7), pages 1195-1224, June.
  8. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  9. Bartel, Ann P & Lichtenberg, Frank R, 1987. "The Comparative Advantage of Educated Workers in Implementing New Technology," The Review of Economics and Statistics, MIT Press, vol. 69(1), pages 1-11, February.
  10. Nickell, Stephen & Bell, Brian, 1996. "Changes in the Distribution of Wages and Unemployment in OECD Countries," American Economic Review, American Economic Association, vol. 86(2), pages 302-08, May.
  11. repec:cup:cbooks:9780521590730 is not listed on IDEAS
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