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.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 9081
- Classification
-
Wirtschaft
Education and Economic Development
Human Capital; Skills; Occupational Choice; Labor Productivity
Macroeconomic Analyses of Economic Development
One, Two, and Multisector Growth Models
- Subject
-
education
learning-by-doing
productivity
economic growth
overlapping generations model
- Event
-
Geistige Schöpfung
- (who)
-
Marconi, Gabriele
de Grip, Andries
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Marconi, Gabriele
- de Grip, Andries
- Institute for the Study of Labor (IZA)
Time of origin
- 2015
Other Objects (12)
Formal Education Versus Learning-by-Doing
Endogenous growth cycles - Arrow's learning by doing reconsidered
Learning by doing - doing by learning : third international conference ; proceedings
Schumpeter's circular flow, learning by doing and cyclical growth
Learning by doing in contests
Java - exemplarisch : learning by doing
Economic Growth, a Golden Rule of Thumb, and Learning by Doing
R&D, Learning-by-Doing and the Multinational Growth of Swedish Firms
Monopolistic screening under learning by doing
Fiscal stimulus with learning-by-doing
Dynamic Contracts and Learning by Doing
Fiscal stimulus with learning-by-doing
Formal Education Versus Learning-by-Doing
Endogenous growth cycles - Arrow's learning by doing reconsidered
Learning by doing - doing by learning : third international conference ; proceedings
Schumpeter's circular flow, learning by doing and cyclical growth
Learning by doing in contests
Java - exemplarisch : learning by doing
Economic Growth, a Golden Rule of Thumb, and Learning by Doing
R&D, Learning-by-Doing and the Multinational Growth of Swedish Firms
Monopolistic screening under learning by doing
Fiscal stimulus with learning-by-doing
Dynamic Contracts and Learning by Doing
Fiscal stimulus with learning-by-doing
Formal Education Versus Learning-by-Doing
Endogenous growth cycles - Arrow's learning by doing reconsidered
Learning by doing - doing by learning : third international conference ; proceedings
Schumpeter's circular flow, learning by doing and cyclical growth
Learning by doing in contests
Java - exemplarisch : learning by doing
Economic Growth, a Golden Rule of Thumb, and Learning by Doing
R&D, Learning-by-Doing and the Multinational Growth of Swedish Firms
Monopolistic screening under learning by doing
Fiscal stimulus with learning-by-doing
Dynamic Contracts and Learning by Doing