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Growth Effects of Education and Social Capital in the OECD Countries

Listed author(s):
  • Jonathan Temple

This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on the cross-country evidence for the OECD countries, but the paper also briefly reviews evidence from labour economics, to clarify where empirical work on education using macro data may be relatively useful. It is argued that on balance, the recent cross-country evidence points to productivity benefits of education that are at least as large as those identified by labour economists. The paper also discusses the implications of this finding. Finally, the paper reviews the emerging literature on the benefits of social capital. Since this literature is still in its early days, policy conclusions are accordingly harder to find ... Ce document donne une vue d’ensemble de la littérature empirique sur les effets en termes de croissance de l’éducation et du capital social. L’accent est mis principalement sur les résultats internationaux des pays de l’OCDE, mais sont également brièvement examinés les résultats de l’économie du marché du travail afin de clarifier où le travail empirique sur l’éducation, utilisant des données macroéconomiques, peut être utile. L’argument utilisé ici est que, tout compte fait, les résultats internationaux récents indiquent que les bénéfices de la productivité de l’éducation sont au moins aussi importants que ceux identifés par les économistes spécialistes du marché du travail. Le document examine aussi les implications de ces résultats. Enfin, ce document passe en revue la littérature existante sur les bénéfices du capital social. Puisque cette littérature en est toujours à ses débuts, des conclusions politiques sont d’autant plus difficiles à trouver ...

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Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 263.

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Date of creation: 12 Oct 2000
Handle: RePEc:oec:ecoaaa:263-en
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