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Education and training are a high priority for Costa Rica that devotes to them more than 6.5% of GDP, one of the highest spending shares among OECD countries. However, educational outcomes remain poor and firms struggle to fill their vacancies, particularly in technical and scientific positions,...
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employment rate, whereas an increase of general government consolidated gross debt has a negative effect for employment rate as …
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This paper uses a new measure of human capital that works much better in explaining productivity in OECD countries compared to earlier measures of human capital to investigate the educational policy drivers of human capital. A novel methodology is utilised by interacting educational policies,...
Persistent link: https://www.econbiz.de/10012202844
This paper shows that an accelerated increase in educational attainments in many East Asian countries derives from a dramatic augmentation of working population with vocational education relative to general education. This is consistent with the recent literature, which argues that the ratio of...
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The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10011457979
Since the industrial revolution, technological innovations have enabled rise in productivity, employment, standard of … may reduce a drop in employment and enhanc e the welfare of citizens, lies in additional reduction of the working hours. I … lead to a decrease in the labour force. In that case, full employment will be attained even with th e decline in the number …
Persistent link: https://www.econbiz.de/10012522848