Working Paper: NBER ID: w5426
Authors: Zvi Griliches
Abstract: This paper reviews the literature on the relationship of economic growth to the education levels of the labor force. The emphasis is on Ben-Porath's contribution to some of the issues in this field: the endogeneity of schooling, the role of the public sector as an `absorber' of educated labor, and the importance of personal human capital created by investments in reputation and personal relationships, the F-connection.
Keywords: Education; Human Capital; Economic Growth
JEL Codes: I20; O40
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| educational attainment (I21) | productivity (O49) |
| quality of labor (J24) | wage differentials (J31) |
| education (I29) | returns to education (I26) |
| initial low human capital (J24) | full-time schooling investments (I21) |
| full-time schooling investments (I21) | part-time on-the-job training (M53) |
| education (I29) | economic growth (O49) |