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For long-term economic development, only skills matter

️Hanushek, Eric

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/162353

Year of Publication:

2017

Citation:

[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 343 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2017

Publisher:

Institute for the Study of Labor (IZA), Bonn

Abstract:

Politicians typically focus on short-term economic issues; but, a nation’s long-term economic well-being is directly linked to its rate of economic growth. In turn, its growth rate is directly linked to the economically relevant skills of its population. Until recently, however, economists have found it hard to confirm this through empirical analysis because of difficulties in measuring the skills of different societies. International tests of mathematics and science achievement now offer reliable measures of a population’s relevant cognitive skills.

Subjects:

growth
cognitive skills
knowledge capital
teacher quality
Sustainable Development Goals
schools

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