Schooling, Working Experiences, and Human Capital Formation

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.

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Year of publication:	2005-01-12
Authors:	Mino, Kazuo ; Hu, Yunfang
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 15.2005, 3, p. 1-8
Publisher:	AccessEcon
Subject:	education

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Extent:	application/pdf
Type of publication:	Article
Classification:	O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630086