TY  - JOUR
AU  - Krueger,Dirk
AU  - Kumar,Krishna B.
TI  - US-Europe Differences in Technology-Driven Growth: Quantifying the Role of Education
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10001
PY  - 2003
Y2  - September 2003
UR  - http://www.nber.org/papers/w10001
L1  - http://www.nber.org/papers/w10001.pdf
N1  - Author contact info:
Dirk Krueger
Department of Economics
University of Pennsylvania
3718 Locust Walk
Philadelphia, PA 19104
Tel: 215/898-6691
Fax: 215/573-2057
E-Mail: dkrueger@econ.upenn.edu

Krishna Kumar
RAND Corporation
1776 Main Street
Santa Monica, CA  90407
E-Mail: kumar@rand.org
AB  - European economic growth has been weak, compared to the US, since the 80s. In previous work (Krueger and Kumar, 2003), we argued that the European focus on specialized, vocational education might have been effective during the 60s and 70s, but resulted in a growth gap relative to the US during the subsequent information age, when new technologies emerged more rapidly. In this paper, we extend our framework to assess the quantitative importance of education policy, when compared to labor market rigidity and product market regulation, other policy differences more commonly suggested to be responsible for US-Europe differences. A assigns a major role to education policy in explaining US-Europe growth differences.
ER  -