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Kazuo Mino and Yunfang Hu
''Schooling, Working Experiences, and Human Capital Formation''
( 2005, Vol. 15 No.3 )
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.
Keywords: education
JEL: O4 - Economic Growth and Aggregate Productivity: General
Manuscript Received : Nov 25 2004 Manuscript Accepted : Jan 12 2005

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