TY  - RPRT
        AU  - Marconi, Gabriele
AU  - Grip, Andries de
        TI  - Education and Growth with Learning by Doing
        PY  - 2015/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9081
        UR  - https://www.iza.org/index.php/publications/dp9081
        AB  - We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on the GDP in the medium term and a positive effect in the long term. This could be an explanation for the weak empirical relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a given enrolment rate, the quality of education, as measured by workers' ability to learn, has a positive effect on the GDP both in the medium and in the long term.
        KW  - education
KW  - learning-by-doing
KW  - productivity
KW  - economic growth
KW  - overlapping generations model
        ER  -