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Human Capital and Labour Productivity, Integration of Institutions and Endogenous Growth

Author

Listed:
  • Lei Delsen

    (University of Nijmegen)

  • Mark Schonewille

    (University of Nijmegen)

Abstract

This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It is argued that the Nelson-Phelps approach could be improved by adding elements from the Lucas model. We think that the production factor of human capital needs a more detailed description than usual in empirical research, e.g. further schooling and training, experience and external effects. Empirical tests show that the frequently obtained conclusion that investments in higher education are too low are doubtful. The tests also show the importance of further education and training, especially on-the-job training.

Suggested Citation

  • Lei Delsen & Mark Schonewille, 1999. "Human Capital and Labour Productivity, Integration of Institutions and Endogenous Growth," HEW 9908001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwphe:9908001
    Note: Type of Document - Acrobat Reader *.pdf; prepared on PC and Macintosh; to print on Postscript; pages: 21; figures: Empirical results in tables. Paper for the EALE conference in Regensburg, 23-26 September, 1999.
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/hew/papers/9908/9908001.pdf
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    References listed on IDEAS

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    1. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471, January.
    2. Frank Corvers, 1997. "The impact of human capital on labour productivity in manufacturing sectors of the European Union," Applied Economics, Taylor & Francis Journals, vol. 29(8), pages 975-987.
    3. Torvik, Ragnar, 1993. " Talent, Growth and Income Distribution," Scandinavian Journal of Economics, Wiley Blackwell, vol. 95(4), pages 581-596, December.
    4. Prais,S. J., 1995. "Productivity, Education and Training," Cambridge Books, Cambridge University Press, number 9780521556675.
    5. Acemoglu, Daron & Pischke, Jorn-Steffen, 1999. "Beyond Becker: Training in Imperfect Labour Markets," Economic Journal, Royal Economic Society, vol. 109(453), pages 112-142, February.
    6. 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.
    7. Peter J. Klenow & Mark Bils, 2000. "Does Schooling Cause Growth?," American Economic Review, American Economic Association, vol. 90(5), pages 1160-1183, December.
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    Cited by:

    1. Oreggia, Eduardo, 2000. "Education Policies And Labour Markets: The Effect On Regional Growth In Mexico," ERSA conference papers ersa00p515, European Regional Science Association.

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    More about this item

    Keywords

    human capital; labour productivity; specificity; turnover; labour markets; education; off-the-job training; on-the-job training; models; experience; learning by doing;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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