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Schooling, Working Experiences, and Human Capital Formation

Kazuo Mino and Yunfang Hu

Economics Bulletin, 2005, vol. 15, issue 3, 1-8

Abstract: This paper assumes that human capital is a composite of two types of knowledge and skills: one is accumulated by formal education in schools and the other is accumulated through working experiences in production activities. Introducing such a concept of human capital into the standard Lucas-Uzawa model of endogenous growth, we show that a higher rate of long-run growth is not necessarily associated with a higher level of education attainment.

Keywords: education (search for similar items in EconPapers)
JEL-codes: O4 (search for similar items in EconPapers)
Date: 2005-01-12
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