Educational Attainment, Labour Market Institutions and the Structure of Production

Stephen Nickell (), Stephen James Redding and Joanna K. Swaffield

No 3068, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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: F00 J00 (search for similar items in EconPapers)
Date: Written
View list of references View citations in EconPapers

Downloads: (external link)
http://www.cepr.org/pubs/dps/DP3068.asp (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Working Paper: Educational Attainment, Labour Market Institutions, and the Structure of Production (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cpr:ceprdp:3068

Ordering information: This working paper can be ordered from
http://www.cepr.org/pubs/dps/DP3068.asp

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers
Address: Centre for Economic Policy Research, 53--56 Great Sutton Street, London EC1V 0DG
Series data maintained by ().