Human Capital and Growth

Robert Lucas

American Economic Review, 2015, vol. 105, issue 5, 85-88

Abstract: This paper describes a growth model with the property that human capital accumulation can account for all observed growth. The model is shown to be consistent with evidence on individual productivities as measured by census earnings data. The central hypothesis is that we learn more when we interact with more productive people.

JEL-codes: E23 E24 J24 J31 O41 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.p20151065
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Citations: View citations in EconPapers (56)

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