Skills and the Transition

Simon Commander

Chapter 5 in Transition and Beyond, 2007, pp 118-132 from Palgrave Macmillan

Abstract: Abstract The empirical evidence of the link from human capital to growth has at times seemed elusive. Yet recent work suggests that the effect of schooling on the level of output can be quite substantial — Bassanini and Scarpetta (2001) estimate approximately 6 per cent for each additional year of schooling. Other work has explored whether there is an association between output growth and the mean stock of human capital per worker. This direction of work finds a robust link from years of schooling to total factor productivity (TFP) growth (see Benhabib and Spiegel, 1994; Dowrick, 2002). In other words, a more educated labor force can use ideas more productively.

Keywords: Total Factor Productivity; Wage Inequality; Transition Country; International Adult Literacy Survey; Russian Student (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-59032-8_6

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DOI: 10.1057/9780230590328_6

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