Educational attainment, labour market institutions, and the structure of production

Stephen Nickell, Stephen Redding and Joanna Swaffield

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: A key feature of OECD economic growth since the early 1970s has been the secular decline in manufacturing’s share of GDP and the secular rise of service sectors. This paper examines the role played by relative prices, technology, factor endowments, and labour market institutions in the process of ‘de- industrialization.’ We find a statistically significant and quantitatively important effect of levels of educational attainment. Furthermore, the production structure responds differently to the educational attainment of men and women. Finally, countries with stronger levels of employment protection are shown to adjust more slowly to changes in prices, technology, and factor endowments.

Keywords: De-industrialization; Educational Attainment; Factor Endowments; Labour Market Institutions; Specialization (search for similar items in EconPapers)
JEL-codes: F0 J0 O3 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2002-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://eprints.lse.ac.uk/3706/ Open access version. (application/pdf)

Related works:
Working Paper: Educational Attainment, Labour Market Institutions, and the Structure of Production (2002)
Working Paper: Educational Attainment, Labour Market Institutions and the Structure of Production (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:3706

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