Education, Human Capital, and Growth: A Personal Perspective
26 Pages Posted: 18 Aug 2000 Last revised: 1 May 2021
Date Written: January 1996
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.
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