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| Kazuo Mino and Yunfang Hu |
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| ''Schooling, Working Experiences, and Human Capital Formation'' |
| ( 2005, Vol. 15 No.3 ) |
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| This paper assumes that human capital is a composite of two types of knowledge and skills: one is accumulated by formal education in schools and the other is accumulated through working experiences in production activities. Introducing such a concept of human capital into the standard Lucas-Uzawa model of endogenous growth, we show that a higher rate of long-run growth is not necessarily associated with a higher level of education attainment. |
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| Keywords: education |
JEL: O4 - Economic Growth and Aggregate Productivity: General
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| Manuscript Received : Nov 25 2004 | | Manuscript Accepted : Jan 12 2005 |
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