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来源类型Working Paper
规范类型报告
DOI10.3386/w14138
来源IDWorking Paper 14138
The Knowledge Trap: Human Capital and Development Reconsidered
Benjamin F. Jones
发表日期2008-06-27
出版年2008
语种英语
摘要This paper presents a model where human capital differences - rather than technology differences - can explain several central phenomena in the world economy. The results follow from the educational choices of workers, who decide not just how long to train, but also how broadly. A "knowledge trap" occurs in economies where skilled workers favor broad but shallow knowledge. This simple idea can inform cross-country income differences, international trade patterns, poverty traps, and price and wage differences across countries in a manner broadly consistent with existing empirical evidence. The model also provides insights about the brain drain, migration, and the role for multinationals in development. More generally, this paper shows that standard human capital accounting methods can severely underestimate the role of education in development. It shows how endogenous educational decisions can replace exogenous technology differences in a range of economic reasoning.
主题International Economics ; International Factor Mobility ; Health, Education, and Welfare ; Education ; Labor Economics ; Labor Supply and Demand ; Labor Compensation ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w14138
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/571813
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Benjamin F. Jones. The Knowledge Trap: Human Capital and Development Reconsidered. 2008.
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