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• W2128851194 abstract "In this paper, 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. This assumption is discussed and compared with the dominant Mincerian view on the education-productivity relationship. 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." @default.
• W2128851194 created "2016-06-24" @default.
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• W2128851194 date "2014-01-01" @default.
• W2128851194 modified "2023-10-02" @default.
• W2128851194 title "Education and growth with learning by doing" @default.
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• W2128851194 doi "https://doi.org/10.26481/umagsb.2014032" @default.
• W2128851194 hasPublicationYear "2014" @default.
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