Publikation:

Changes in Human Capital : Implications for Productivity Growth in the Euro Area

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2007

Autor:innen

Turunen, Jarkko

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Ifo Working Paper; 53

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Working Paper/Technical Report
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Published

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Zusammenfassung

The euro area has experienced a sustained decline in labour productivity growth since the 1980s. In the economic literature this phenomenon is commonly explained by a decline in capital deepening and lower total factor productivity (TFP) growth. However, the decline in labour productivity growth might partly also reflect a lower contribution of labour quality growth. We present evidence of changes in human capital in a number of euro area countries based on a fixed-weight index for labour quality growth for both the employed population and the labour force. We then evaluate the significance of these changes for recent developments in productivity growth. Our findings suggest that euro area labour quality has indeed moderated towards the end of the 1990’s, but the impact on labour productivity growth is small compared to the overall decline in capital deepening and total factor productivity growth.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Human capital, labour quality, total factor productivity, growth accounting

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ISO 690SCHWERDT, Guido, Jarkko TURUNEN, 2007. Changes in Human Capital : Implications for Productivity Growth in the Euro Area
BibTex
@techreport{Schwerdt2007-12Chang-47977,
  year={2007},
  series={Ifo Working Paper},
  title={Changes in Human Capital : Implications for Productivity Growth in the Euro Area},
  number={53},
  url={http://www.cesifo-group.de/DocDL/IfoWorkingPaper-53.pdf},
  author={Schwerdt, Guido and Turunen, Jarkko}
}
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URL der Originalveröffentl.
http://www.cesifo-group.de/DocDL/IfoWorkingPaper-53.pdf

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2019-12-10

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