Arbeitspapier
Education and Growth with Learning by Doing
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on the GDP in the medium term and a positive effect in the long term. This could be an explanation for the weak empirical relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a given enrolment rate, the quality of education, as measured by workers' ability to learn, has a positive effect on the GDP both in the medium and in the long term.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 9081
- Klassifikation
-
Wirtschaft
Education and Economic Development
Human Capital; Skills; Occupational Choice; Labor Productivity
Macroeconomic Analyses of Economic Development
One, Two, and Multisector Growth Models
- Thema
-
education
learning-by-doing
productivity
economic growth
overlapping generations model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Marconi, Gabriele
de Grip, Andries
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Marconi, Gabriele
- de Grip, Andries
- Institute for the Study of Labor (IZA)
Entstanden
- 2015
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