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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

The 10th International Days of Statistics and Economics Conference Proceedings

ISBN

9788087990100

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

1315-1324

Název nakladatele

Melandrium

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000389515100130