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Challenging the Human Capital Orthodoxy: The Education-Productivity Link Re-examined

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  • Maglen, L R

Abstract

The human capital orthodoxy has it that education is an investment not only for the individual undertaking it but also for society when it devotes scarce resources to it. The return to society on that investment is seen mainly in terms of the enhanced productive contribution made by more-educated workers. The measure of that greater contribution most often used by economists is the extra earnings the more-educated on average receive. This paper reexamines the available evidence of links between education and productivity (and between earnings and productivity) and finds it to be inconclusive. Copyright 1990 by The Economic Society of Australia.

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  • Maglen, L R, 1990. "Challenging the Human Capital Orthodoxy: The Education-Productivity Link Re-examined," The Economic Record, The Economic Society of Australia, vol. 66(195), pages 281-294, December.
    • Handle: RePEc:bla:ecorec:v:66:y:1990:i:195:p:281-94
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    Cited by:

    1. Kinvi D.A. Logossah, 1994. "Capital humain et croissance économique : une revue de la littérature," Économie et Prévision, Programme National Persée, vol. 116(5), pages 17-34.
    2. Sue O'Keefe & Lin Crase, 2007. "Public sector workers' willingness to pay for education and training: a comparison," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 10(4), pages 279-294.
    3. Valérie Canals & Claude Diebolt & Magali Jaoul-Grammare, 2015. "Education, productivité et gain. Retour sur les approches critiques de l’enchaînement causal de la théorie du capital humain," Working Papers of BETA 2015-22, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    4. Jonathan Pincus, 2000. "Do We Know Federal Treasury Overspends on Undergraduates?," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 7(3), pages 277-288.
    5. Chong, Woon Kian & Chang, Chiachi, 2024. "Information exploitation of human resource data with persistent homology," Journal of Business Research, Elsevier, vol. 172(C).
    6. Fukuyama, Hirofumi & Matousek, Roman & Tzeremes, Nickolaos G., 2020. "A Nerlovian cost inefficiency two-stage DEA model for modeling banks’ production process: Evidence from the Turkish banking system," Omega, Elsevier, vol. 95(C).
    7. Aurora Amélia Castro Teixeira & Pedro Cosme Vieira, 2004. "Is Portuguese regional growth schumpeterian? An empirical assessment of the relation between schooling, firm destruction and firm productivity," ERSA conference papers ersa04p134, European Regional Science Association.
    8. Alla Kirova, 2011. "Evolution of the Human Capital Doctrine," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 94-131.

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