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Journal Article

Delayed effects of graduate education on increased productivity

Authors

Publication date

2014

Summary

‘Human Capital Theory’ shows that education is a vital part of improving productivity. This paper investigates effects of tertiary education (post-school education: at universities, higher-education colleges, and similar institutions) on how productive an employee is. A problem with such research is to identify which variable is the cause, and which is the effect. This paper uses time-series regression analysis of World Bank data, on the fraction of a country’s workforce with tertiary education, and productivity. This paper also uses Britain as a case study: the British Household Panel Study shows what happens to a graduate in the years after they leave university. The delayed effects of education on output makes clear that education is a cause (rather than an effect) of improvements in productivity. In conclusion, university-level education is beneficial to economic growth.

Published in

International Journal of Economics

Volume and page numbers

1 , 45 -56

ISSN

16

Subjects

Labour Economics and Higher Education

Links

http://www.journalofeconomics.org/index.php/site/article/view/53

Notes

Open Access journal

#522468


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