NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Mun Ho

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NBER Working Papers and Publications

April 2017Educational Attainment and the Revival of U.S. Economic Growth
with Dale W. Jorgenson, Jon D. Samuels
in Education, Skills, and Technical Change: Implications for Future U.S. GDP Growth, Charles Hulten and Valerie Ramey, editors
July 2016Education, Participation, and the Revival of U.S. Economic Growth
with Dale W. Jorgenson, Jon D. Samuels: w22453
Labor quality growth captures the upgrading of the labor force through higher educational attainment and greater experience. We find that average levels of educational attainment of new entrants remain high, but will no longer continue to rise. Growing educational attainment will gradually disappear as a source of U.S. economic growth. We find that the investment boom of 1995-2000 drew many younger and less-educated workers into employment. Employment rates for these workers declined during the recovery of 2000-2007 and dropped further during the Great Recession of 2007-2009. Based on estimates of labor quality growth, growth in total factor productivity, and growth in capital quality, we project labor productivity to grow at 1.3% per year. This implies a GDP growth rate of 1.8%.

Forthcoming: Educational Attainment and the Revival of U.S. Economic Growth, Dale W. Jorgenson, Mun S. Ho, Jon D. Samuels. in Education, Skills, and Technical Change: Implications for Future U.S. GDP Growth, Hulten and Ramey. 2017

August 2005Growth of U.S. Industries and Investments in Information Technology and Higher Education
with Dale W. Jorgenson, Kevin J. Stiroh
in Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger and Dan Sichel, editors
 
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