Simulating the Lisbon skills targets in WorldScan
This paper explains the theoretical background, the analytical methods, calibrations, assumptions and computations of the skill inputs for the WorldScan analysis on the skills targets of the Lisbon agenda. The Lisbon skills targets are implemented in WorldScan using most recent theoretical and empirical research in human capital theory. In particular, a satellite model for WorldScan is developed which disaggregates high skilled labour in S&E and non-S&E workers, and low skilled labour in workers with primary education (or less), lower secondary education, and higher secondary levels of education. In addition, workers can acquire skills through on-the-job training. The quality of the workforce may also increase by a higher quality of initial education. Finally, a stylised cohort model is developed to capture the time-lag between changes in policies and the eventual impact on the labour force. In implementing the skills targets we take heterogeneity between various EU countries into account with respect to the following skill variables: initial average levels of education, the returns to education, graduation rates in upper-secondary education, participation in on-the-job training, and the graduation shares in S&E education.
|Date of creation:||Dec 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Postbus 80510, 2508 GM Den Haag|
Phone: (070) 338 33 80
Fax: (070) 338 33 50
Web page: http://www.cpb.nl/
More information through EDIRC
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.:
- James Heckman, 2000.
"Policies to Foster Human Capital,"
0028, Harris School of Public Policy Studies, University of Chicago.
- repec:fth:prinin:447 is not listed on IDEAS
- Murnane, Richard J & Willett, John B & Levy, Frank, 1995.
"The Growing Importance of Cognitive Skills in Wage Determination,"
The Review of Economics and Statistics,
MIT Press, vol. 77(2), pages 251-66, May.
- Richard J. Murnane & John B. Willett & Frank Levy, 1995. "The Growing Importance of Cognitive Skills in Wage Determination," NBER Working Papers 5076, National Bureau of Economic Research, Inc.
- Neal, Derek A & Johnson, William R, 1996.
"The Role of Premarket Factors in Black-White Wage Differences,"
Journal of Political Economy,
University of Chicago Press, vol. 104(5), pages 869-95, October.
- Derek A. Neal & William R. Johnson, 1995. "The Role of Pre-Market Factors in Black-White Wage Differences," NBER Working Papers 5124, National Bureau of Economic Research, Inc.
- Alan B. Krueger, 2003.
"Economic Considerations and Class Size,"
Royal Economic Society, vol. 113(485), pages F34-F63, February.
- Heckman, James J, 1976. "A Life-Cycle Model of Earnings, Learning, and Consumption," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages S11-44, August.
- Janet Currie & Duncan Thomas, 1999. "Early Test Scores, Socioeconomic Status and Future Outcomes," NBER Working Papers 6943, National Bureau of Economic Research, Inc.
- Orley Ashenfelter & Colm Harmon & Hessel Oosterbeek, 2000.
"A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias,"
NBER Working Papers
7457, National Bureau of Economic Research, Inc.
- Ashenfelter, Orley & Harmon, Colm & Oosterbeek, Hessel, 1999. "A review of estimates of the schooling/earnings relationship, with tests for publication bias," Labour Economics, Elsevier, vol. 6(4), pages 453-470, November.
- Ashenfelter, O. & Harmon, C. & Oosterbeek, H., 1999. "A Review of Estimates of the Schooling/ Earnings Relationship, with tests for Publication Bias," Papers 99/20, College Dublin, Department of Political Economy-.
- Bas Jacobs, 2003.
"The lost race between schooling and technology,"
CPB Discussion Paper
25, CPB Netherlands Bureau for Economic Policy Analysis.
- Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75, pages 352.
- James J. Heckman & Lance Lochner & Christopher Taber, 1998.
"Explaining Rising Wage Inequality: Explorations with a Dynamic General Equilibrium Model of Labor Earnings with Heterogeneous Agents,"
NBER Working Papers
6384, National Bureau of Economic Research, Inc.
- James Heckman & Lance Lochner & Christopher Taber, 1998. "Explaining Rising Wage Inequality: Explanations With A Dynamic General Equilibrium Model of Labor Earnings With Heterogeneous Agents," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 1-58, January.
- Colm Harmon & Hessel Oosterbeek & Ian Walker, 2003. "The Returns to Education: Microeconomics," Journal of Economic Surveys, Wiley Blackwell, vol. 17(2), pages 115-156, 04.
When requesting a correction, please mention this item's handle: RePEc:cpb:memodm:135. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.