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The Macroeconomics of Education

Author

Listed:
  • Ana Lamo

    (DG Reseach - ECB)

  • Peter Fredriksson
  • Julian Messina

    (UdG - Universitat de Girona = University of Girona)

  • Giovanni Peri

    (UC Davis - University of California [Davis] - UC - University of California)

Abstract

While Europe is certainly one of the richest and most educated areas of the world, some of the challenges faced by the old continent are staggering: low economic growth, structural difficulties in the labour market, and increasing international competition. Politicians and policymakers may advocate different means of overcoming the potential economic decline of Europe, but most agree that Europe needs to strengthen human capital, its ultimate competitive advantage in the world economy. This book looks at the accumulation of human capital from two perspectives, first through formal education and second through professional training. It provides a summary of the key characteristics of education and training in Europe and also asks key questions about the fundamental problems with the current educational and training systems. More importantly, the book goes on to discuss which policies are necessary to make existing education and training systems more efficient, while also making higher skills available to a wider range of people.

Suggested Citation

  • Ana Lamo & Peter Fredriksson & Julian Messina & Giovanni Peri, 2007. "The Macroeconomics of Education," Post-Print hal-03417764, HAL.
    • Handle: RePEc:hal:journl:hal-03417764
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    Cited by:

    1. Sari Pekkala Kerr & William Kerr & Çağlar Özden & Christopher Parsons, 2016. "Global Talent Flows," Journal of Economic Perspectives, American Economic Association, vol. 30(4), pages 83-106, Fall.
    2. Budría, Santiago & Pereira, Pedro T., 2008. "The Contribution of Vocational Training to Employment, Job-Related Skills and Productivity: Evidence from Madeira Island," IZA Discussion Papers 3462, Institute of Labor Economics (IZA).
    3. Baran Jan, 2018. "A side effect of a university boom: rising incidence of overeducation among tertiary educated workers in Poland," Economics and Business Review, Sciendo, vol. 4(2), pages 41-63, June.
    4. William R. Kerr, 2013. "U.S. High-Skilled Immigration, Innovation, and Entrepreneurship: Empirical Approaches and Evidence," NBER Working Papers 19377, National Bureau of Economic Research, Inc.
    5. Santiago Budría, 2011. "Are Educational Mismatches Responsible for the ‘Inequality Increasing Effect’ of Education?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 102(3), pages 409-437, July.
    6. Sari Pekkala Kerr & William Kerr & Çağlar Özden & Christopher Parsons, 2017. "High-Skilled Migration and Agglomeration," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 201-234, September.
    7. Sari Pekkala Kerr & William Kerr & Çağlar Özden & Christopher Parsons, 2017. "High-Skilled Migration and Agglomeration," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 201-234, September.

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