Original title: Specific and general human capital in an endogenous growth model
Authors: Vourvachaki, E. ; Jerbashian, Vahagn ; Slobodyan, Sergey
Document type: Research reports
Year: 2014
Language: eng
Series: CERGE-EI Working Paper Series, volume: 520
Abstract: In this paper, we define specific (general) human capital in terms of the occupations whose use is spread in a limited (wide) set of industries. We analyze the growth impact of an economy’s composition of specific and general human capital, in a model where education and R&D are costly and complementary activities. The model suggests that a declining share of specific human capital, as observed in the Czech Republic, can be associated with a lower rate of long run growth. We also discuss optimal educational policies in the presence of market frictions.
Keywords: economic growth; education policy; human capital types
Project no.: IAA700850902 (CEP)
Funding provider: GA AV ČR

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: http://www.cerge-ei.cz/pdf/wp/Wp520.pdf
Original record: http://hdl.handle.net/11104/0246150

Permalink: http://www.nusl.cz/ntk/nusl-187393


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