Separate identification of the price and quantity of human capital has important implications for understanding key … issues in economics. Price and quantity series are derived for four education levels. The price series are highly correlated … be driven more by relative quantity than relative price changes, life-cycle wage profiles are readily interpretable as …

Labor productivity is an important determinant of the wealth of national economies and their standards of living, as … its growth explains half of per capita GDP growth. We show that there are three worlds of productivity growth among … industrialized countries, by decomposing labor productivity growth into multifactor productivity (MFP) growth and capital deepening …

This study estimates the effects of human capital underutilization on economic growth and productivity. This paper … and training systems are required in order to maximise human capital utilisation and thus increase productivity and …

A consensus has been forged in the last decade that recent periods of sustained growth in total factor productivity and …