Us-Europe Differences in Technology-Driven Growth: Quantifying the Role of Education

33 Pages Posted: 28 Sep 2003 Last revised: 13 Feb 2015

See all articles by Dirk Krueger

Dirk Krueger

University of Pennsylvania - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Krishna B. Kumar

University of Southern California

Date Written: September 2003

Abstract

European economic growth has been weak, compared to the US, since the 80s. In previous work (Krueger and Kumar, 2003), we argued that the European focus on specialized, vocational education might have been effective during the 60s and 70s, but resulted in a growth gap relative to the US during the subsequent information age, when new technologies emerged more rapidly. In this paper, we extend our framework to assess the quantitative importance of education policy, when compared to labor market rigidity and product market regulation, other policy differences more commonly suggested to be responsible for US-Europe differences. A assigns a major role to education policy in explaining US-Europe growth differences.

Suggested Citation

Krueger, Dirk and Kumar, Krishna B., Us-Europe Differences in Technology-Driven Growth: Quantifying the Role of Education (September 2003). NBER Working Paper No. w10001, Available at SSRN: https://ssrn.com/abstract=450882

Dirk Krueger (Contact Author)

University of Pennsylvania - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Centre for Economic Policy Research (CEPR)

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Krishna B. Kumar

University of Southern California ( email )

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Los Angeles, CA 90089
United States
213-740-6533 (Phone)
213-740-6650 (Fax)

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