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Investing in Human Capital to Boost Growth!

Author

Listed:
  • Caroleo, Floro Ernesto

    () (University of Naples Parthenope)

  • Pastore, Francesco

    () (Università della Campania Luigi Vanvitelli)

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!," IZA Policy Papers 135, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izapps:pp135
    as

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    References listed on IDEAS

    as
    1. repec:spr:spbrec:978-3-319-10196-5 is not listed on IDEAS
    2. Pastore, Francesco, 2017. "Why so slow? The School-to-Work Transition in Italy," GLO Discussion Paper Series 65, Global Labor Organization (GLO).
    3. 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.
    4. repec:caq:j950ix:doi:10.7384/87127:y:2017:i:1:p:133-146 is not listed on IDEAS
    5. Pastore, Francesco, 2017. "Getting It Right: Youth Employment Policy within the EU," IZA Policy Papers 127, Institute of Labor Economics (IZA).
    6. repec:ces:ifofor:v:18:y:2017:i:2:p:26-33 is not listed on IDEAS
    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)

    More about this item

    Keywords

    public investment; aggregate human capital; economic growth; educational reforms; 3+2 University Reform;

    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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