Abstract
This paper assumes that human capital is a composite of two types of knowledge and skills: one is accumulated by formal education in schools and the other is accumulated through working experiences in production activities. Introducing such a concept of human capital into the standard Lucas-Uzawa model of endogenous growth, we show that a higher rate of long-run growth is not necessarily associated with a higher level of education attainment.
| Original language | English |
|---|---|
| Journal | Economics Bulletin |
| Volume | 15 |
| Issue number | 1 |
| Publication status | Published - 2005 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
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Cite this
Hu, Y., & Mino, K. (2005). Schooling, working experiences, and human capital formation. Economics Bulletin, 15(1).