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来源类型Working Paper
规范类型报告
DOI10.3386/w22453
来源IDWorking Paper 22453
Education, Participation, and the Revival of U.S. Economic Growth
Dale W. Jorgenson; Mun S. Ho; Jon D. Samuels
发表日期2016-07-25
出版年2016
语种英语
摘要Labor quality growth captures the upgrading of the labor force through higher educational attainment and greater experience. We find that average levels of educational attainment of new entrants remain high, but will no longer continue to rise. Growing educational attainment will gradually disappear as a source of U.S. economic growth. We find that the investment boom of 1995-2000 drew many younger and less-educated workers into employment. Employment rates for these workers declined during the recovery of 2000-2007 and dropped further during the Great Recession of 2007-2009. Based on estimates of labor quality growth, growth in total factor productivity, and growth in capital quality, we project labor productivity to grow at 1.3% per year. This implies a GDP growth rate of 1.8%.
主题Macroeconomics ; Consumption and Investment ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w22453
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/580127
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Dale W. Jorgenson,Mun S. Ho,Jon D. Samuels. Education, Participation, and the Revival of U.S. Economic Growth. 2016.
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