Over the past 15 years, labor-quality growth has been very strong—defying nearly all earlier projections—and has added around 0.5 percentage points to an otherwise modest U.S. productivity picture. Going forward, labor quality is likely to add considerably less and may even be a drag on...

Over the past 15 years, labor-quality growth has been very strong--defying nearly all earlier projections--and has added around 0.5 percentage points to an otherwise modest U.S. productivity picture. Going forward, labor quality is likely to add considerably less and may even be a drag on...

Frontmatter -- Contents -- Introduction / Hulten, Charles R. / Ramey, Valerie A. -- I. The Macroeconomic Link between Education and Real GDP Growth -- 1. Educational Attainment and the Revival of US Economic Growth / Jorgenson, Dale W. / Ho, Mun S. / Samuels, Jon D. -- 2. The Outlook for US...