Human Capital: Relationship between Education and Labor Productivity in the European Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F16%3A00000962" target="_blank" >RIV/46747885:24310/16:00000962 - isvavai.cz</a>
Result on the web
<a href="https://msed.vse.cz/msed_2016/article/271-Nedomlelova-Iva-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2016/article/271-Nedomlelova-Iva-paper.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Human Capital: Relationship between Education and Labor Productivity in the European Countries
Original language description
The aim of this article is to analyze the relationship between the human capital and labor productivity. Since the late 80s, a new, broader concept of capital and a new approach of its measuring penetrate the theory of economic growth. One of the most often used methods of measuring the human capital, is the number of years of formal schooling or the share of tertiary educated people to population. The issue of incorporating of human capital into the new models of economic growth has been advanced e.g. P. Romer, R. Lucas, S. Rebelo, G. N. Mankiw, D. N. Weil. This contribution analyses the relationship between the number of years of formal schooling and the labor productivity across the selected European countries. Using the panel data analysis, the authors show what part of variability in the labor productivity (measured as GDP per employee and GDP per hour worked) can be explained by the differences in the number of years of formal schooling (measured as the school life expectancy). The findings show an increasing importance of education in the European countries and document – despite improving trends – still suboptimal situation of the Czech economy.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 10th International Days of Statistics and Economics Conference Proceedings
ISBN
9788087990100
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
1315-1324
Publisher name
Melandrium
Place of publication
Praha
Event location
Praha
Event date
Jan 1, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000389515100130

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