Heterogeneity in Human Capital and Economic Growth

Stefania Zotteri ()
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Stefania Zotteri: Bank of Italy, Economic Research Department

No 455, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper explores the growth-enhancing role played by heterogeneity in human capital accumulation. It develops a growth model that takes into account more than one mechanism for accumulating human capital; in particular, schooling and on-the-job training are considered. The paper demonstrates that human capital composition, which is generally neglected in growth models, is important in determining the growth rate of the economy and, in particular, that complementarities between different types of human capital investment are important. Moreover, heterogeneity among workers, due to differences in human capital initial endowments, can change the growth rate of the economy.

Keywords: heterogeneity; human capital; economic growth (search for similar items in EconPapers)
JEL-codes: J24 O40 (search for similar items in EconPapers)
Date: 2002-10
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_455_02

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