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The effects of technological change on schooling and training human capital

Technological change has considerable impact on human capital stock. Its impact, however, may be different on diffe... Show more
Technological change has considerable impact on human capital stock. Its impact, however, may be different on different types of human capital. As two major types of human capital investment, schooling and training are specialised to different degrees, therefore human capital obtained from schooling and that obtained from training embody different proportions of general and specific skills and may be affected differently by technological change. Focusing on the difference between human capital obtained from schooling and that from training, I develop a life-cycle human capital investment model to investigate the separate effects of technological change on schooling human capital and training human capital. Using data from National Longitudinal Survey of Youth 79 (1987-1994), I estimate the model parameters by using the method of nonlinear least squares. I find that training human capital is more vulnerable to obsolescence due to technological change than is schooling human capital, which suggests that individuals with more schooling enjoy an advantage in dealing with technological change over those with less schooling.
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Authors: Song, Xueda

Conference name: International Conference on Economics of Education

Date: 2008

Resource type: Conference paper

Subjects: Technology; Research; Skills and knowledge ... [+] Show more
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Challenges facing European labour markets: is a skill upgrade the appropriate instrument?

The financial and economic crisis shattered the Lisbon Strategy’s attempt to increase the [European Union’s] EU’s e... Show more
The financial and economic crisis shattered the Lisbon Strategy’s attempt to increase the [European Union’s] EU’s employment rate to 70 per cent among 15-64 year olds by 2010. The new Europe 2020 strategy envisages a 75 per cent adult employment rate by 2020; however, this goal also seems unrealistic in light of the economic crisis which has caused the EU’s employment rate to drop significantly below 70 per cent. A crucial question now is whether a skill upgrade of the European labour force would help to increase the employment rate, especially among youth. This forum explores the relationship between education and employment throughout the EU.
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Authors: Scarpetta, Stefano; Sonnet, Anne; Livanos, Ilias; Nunez, Imanol ... [+] Show more

Date: 2012

Geographic subjects: Europe

Resource type: Article

Journal title: Intereconomics

Subjects: Employment; Youth; Skills and knowledge ... [+] Show more

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The effects of technological change on schooling and training human capital

Challenges facing European labour markets: is a skill upgrade the appropriate instrument?