Matches in SemOpenAlex for { <https://semopenalex.org/work/W2111226802> ?p ?o ?g. }
- W2111226802 endingPage "207" @default.
- W2111226802 startingPage "167" @default.
- W2111226802 abstract "In this paper, we develop a model of technology adoption and economic growth in which households optimally obtain either a concept-based, “general” education or a skill-specific, “vocational” education. General education is costly to obtain, but enables workers to operate new production technologies. Firms weigh the cost of adopting and operating new technologies against increased profits and optimally choose the level of adoption. We show that an economy whose policies favor vocational education will grow slower in equilibrium than one that favors general education. More importantly, the gap between their growth rates will increase with the growth rate of available technology. By characterizing the optimal Ramsey education policy we also demonstrate that the optimal subsidy for general education increases with the growth rate of available technology. Our theory suggests that European education policies that favored specialized, vocational education might have worked well, both in terms of growth rates and welfare, during the 1960s and 1970s when available technologies changed slowly. However, in the information age of the 1980s and 1990s when new technologies emerged at a more rapid pace, they might have contributed to an increased growth gap relative to the United States." @default.
- W2111226802 created "2016-06-24" @default.
- W2111226802 creator A5026600751 @default.
- W2111226802 creator A5088478491 @default.
- W2111226802 date "2004-06-01" @default.
- W2111226802 modified "2023-10-14" @default.
- W2111226802 title "Skill-Specific rather than General Education: A Reason for US–Europe Growth Differences?" @default.
- W2111226802 cites W1487468850 @default.
- W2111226802 cites W1493684383 @default.
- W2111226802 cites W1513675759 @default.
- W2111226802 cites W1536316979 @default.
- W2111226802 cites W1548704993 @default.
- W2111226802 cites W1563358119 @default.
- W2111226802 cites W1579467921 @default.
- W2111226802 cites W1852755061 @default.
- W2111226802 cites W1896585288 @default.
- W2111226802 cites W1963734907 @default.
- W2111226802 cites W1966454722 @default.
- W2111226802 cites W2011997337 @default.
- W2111226802 cites W2028680109 @default.
- W2111226802 cites W2029926564 @default.
- W2111226802 cites W2030581233 @default.
- W2111226802 cites W2041718256 @default.
- W2111226802 cites W2049964491 @default.
- W2111226802 cites W2066983550 @default.
- W2111226802 cites W2106315213 @default.
- W2111226802 cites W2134741939 @default.
- W2111226802 cites W2138992063 @default.
- W2111226802 cites W2142353537 @default.
- W2111226802 cites W2146411203 @default.
- W2111226802 cites W2151787963 @default.
- W2111226802 cites W2161886765 @default.
- W2111226802 cites W2292615581 @default.
- W2111226802 cites W2570264683 @default.
- W2111226802 cites W2606058524 @default.
- W2111226802 cites W2974347936 @default.
- W2111226802 cites W3121361188 @default.
- W2111226802 cites W3121437658 @default.
- W2111226802 cites W3122226698 @default.
- W2111226802 cites W3122995977 @default.
- W2111226802 cites W3123031166 @default.
- W2111226802 cites W3123088141 @default.
- W2111226802 cites W3123783127 @default.
- W2111226802 cites W3123884823 @default.
- W2111226802 cites W3124243998 @default.
- W2111226802 cites W3124479856 @default.
- W2111226802 doi "https://doi.org/10.1023/b:joeg.0000031426.09886.bd" @default.
- W2111226802 hasPublicationYear "2004" @default.
- W2111226802 type Work @default.
- W2111226802 sameAs 2111226802 @default.
- W2111226802 citedByCount "193" @default.
- W2111226802 countsByYear W21112268022012 @default.
- W2111226802 countsByYear W21112268022013 @default.
- W2111226802 countsByYear W21112268022014 @default.
- W2111226802 countsByYear W21112268022015 @default.
- W2111226802 countsByYear W21112268022016 @default.
- W2111226802 countsByYear W21112268022017 @default.
- W2111226802 countsByYear W21112268022018 @default.
- W2111226802 countsByYear W21112268022019 @default.
- W2111226802 countsByYear W21112268022020 @default.
- W2111226802 countsByYear W21112268022021 @default.
- W2111226802 countsByYear W21112268022022 @default.
- W2111226802 countsByYear W21112268022023 @default.
- W2111226802 crossrefType "journal-article" @default.
- W2111226802 hasAuthorship W2111226802A5026600751 @default.
- W2111226802 hasAuthorship W2111226802A5088478491 @default.
- W2111226802 hasBestOaLocation W21112268022 @default.
- W2111226802 hasConcept C100001284 @default.
- W2111226802 hasConcept C100243477 @default.
- W2111226802 hasConcept C103382277 @default.
- W2111226802 hasConcept C120912362 @default.
- W2111226802 hasConcept C13280743 @default.
- W2111226802 hasConcept C137996800 @default.
- W2111226802 hasConcept C139719470 @default.
- W2111226802 hasConcept C145236788 @default.
- W2111226802 hasConcept C145420912 @default.
- W2111226802 hasConcept C162324750 @default.
- W2111226802 hasConcept C175444787 @default.
- W2111226802 hasConcept C204983608 @default.
- W2111226802 hasConcept C205649164 @default.
- W2111226802 hasConcept C2777098202 @default.
- W2111226802 hasConcept C2777526511 @default.
- W2111226802 hasConcept C2778348673 @default.
- W2111226802 hasConcept C2984902100 @default.
- W2111226802 hasConcept C33923547 @default.
- W2111226802 hasConcept C34447519 @default.
- W2111226802 hasConcept C40700 @default.
- W2111226802 hasConcept C50522688 @default.
- W2111226802 hasConcept C668760 @default.
- W2111226802 hasConcept C67141207 @default.
- W2111226802 hasConcept C84265765 @default.
- W2111226802 hasConceptScore W2111226802C100001284 @default.
- W2111226802 hasConceptScore W2111226802C100243477 @default.
- W2111226802 hasConceptScore W2111226802C103382277 @default.
- W2111226802 hasConceptScore W2111226802C120912362 @default.
- W2111226802 hasConceptScore W2111226802C13280743 @default.
- W2111226802 hasConceptScore W2111226802C137996800 @default.
- W2111226802 hasConceptScore W2111226802C139719470 @default.