Human capital as a factor of growth and employment at the regional level. The case of Spain

Angel de La Fuente (), Rafael Domenech and Juan F Jimeno

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

Abstract: We use statistical techniques to quantify the effects of school attainment on individual wages, participation rates and employment probabilities in Spain, and to measure the contribution of education to labour productivity at the regional level. These estimates are then combined with data on private and public expenditure on education and with information on taxes and social benefits to construct measures of the private and social returns to schooling, to explore the effects of public policies on private incentives to invest in human capital, and to analyse the long-term effects of schooling on public finances. The results are used, together with estimates of the returns to alternative assets, to draw some tentative conclusions regarding the adequacy of the aggregate investment patterns observed in the regions of Spain, and to identify changes in the design of national and EU cohesion and growth policies that may help enhance their effectiveness.

Keywords: human capital; growth; employment; returns to schooling (search for similar items in EconPapers)
JEL-codes: I20 J31 J64 O40 (search for similar items in EconPapers)
Pages: 141
Date: 2003-11-15
New Economics Papers: this item is included in nep-edu, nep-geo and nep-lab
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:aub:autbar:610.04

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