Learning-by-Doing and Schooling

Roberto Ellery ()

HEW from EconWPA

Abstract: The paper aims to analyze the optimal level of schooling in the presence of learning-by-doing. To achieve this objective the paper introduces the learning-by-doing hypothesis on the Lucas model of economic growth induced by human capital accumulation. With the new setup, it is possible to show that the optimal time at school's will decrease while the human capital' growth rate remains the same. Moreover, the paper provides a theoretical foundation to the claims that government should concentrate education's subsides at the basic school rather than at college education.

Keywords: learning-by-doing; education; human capital and growth (search for similar items in EconPapers)
JEL-codes: I28 O11 O15 (search for similar items in EconPapers)
Date: 1999-04-07
Note: Type of Document - Word for Windows; prepared on IBM PC;
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