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Experience and growth

Authors Cook, David E. View this author's profile
Issue Date 2004
Source Economics letters , v. 85, (1), 2004, OCT, p. 53-56
Summary This paper jointly estimates the social returns to physical and human capital with aggregate production functions using cross-country, first differenced panel data at frequencies of 10 years. Following cross-sectional wage regressions, the average experience of the workforce is added to average education as a proxy for the workforce. Growth in average experience is significantly associated with productivity growth. Moreover, controlling for experience increases the level and significance of returns to education. (C) 2004 Elsevier B.V. All rights reserved.
ISSN 0165-1765
Language English
Format Article
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