TY - BOOK ID - 84542051 TI - The Role of Human Capital in Economic Growth : The Case of Spain AU - Mauro, Paolo. AU - Fernandez, Enric. PY - 2000 SN - 1462370284 1452780587 1281603813 9786613784506 1451890680 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Demography KW - Measurement of Economic Growth KW - Aggregate Productivity KW - Cross-Country Output Convergence KW - Education: Other KW - Human Capital KW - Skills KW - Occupational Choice KW - Labor Productivity KW - Labor Force and Employment, Size, and Structure KW - Education: General KW - Economics of the Elderly KW - Economics of the Handicapped KW - Non-labor Market Discrimination KW - Labor Standards: Labor Force Composition KW - Labour KW - income economics KW - Education KW - Population & demography KW - Human capital KW - Labor force KW - Aging KW - Labor force participation KW - Population and demographics KW - Labor market KW - Population aging KW - Spain KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542051 AB - This study constructs an index of human capital for the Spanish labor force over the past two decades and projects it over the next decade on the basis of likely demographic developments. The methodology considers both educational attainment resulting from formal schooling and improvements in workers’ productivity resulting from experience, or “learning by doing.” Furthermore, it allows for the fact that people with higher education accumulate human capital through learning by doing at a faster pace than less educated workers or, in other words, that the full returns to formal schooling are realized with a lag of many years. Using this index, a growth accounting exercise is conducted to estimate the impact of human capital accumulation on economic growth over the past two decades. Finally, potential output growth is projected over the next few years, taking into account the impact of human capital accumulation. ER -