Schooling, working experiences, and human capital formation

Yunfang Hu, Kazuo Mino

    Research output: Contribution to journalArticle

    1 Citation (Scopus)

    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 languageEnglish
    JournalEconomics Bulletin
    Volume15
    Issue number1
    Publication statusPublished - 2005

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)

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