Assessing education’s contribution to productivity using firm-level evidence

Lebedinski, Lara;Vandenberghe, Vincent
(2014) International Journal of Manpower : an interdisciplinary journal on human resources, management & labour economics — Vol. 35, n° 8, p. 1116-1139 (2014)

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Abstract
"Purpose: There is plenty of individual-level evidence, based on the estimation of Mincerian equations, showing that better-educated individuals earn more. This is usually interpreted as a proof that education raises labour productivity. Some macroeconomists, analysing cross-country time series, also support the idea that the continuous expansion of education has contributed positively to growth. Surprisingly, most economists with an interest in human capital have neglected the level of the firm to study the education-productivity-wage nexus. And the few published works considering firm-level evidence are lacking a proper strategy to cope with the endogeneity problem inherent to the estimation production and wage functions. The purpose of this paper is to aim at providing estimates of the causal effect of education on productivity and wage labour costs..."
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Lebedinski, L., & Vandenberghe, V. (2014). Assessing education’s contribution to productivity using firm-level evidence. International Journal of Manpower : An Interdisciplinary Journal on Human Resources, Management & Labour Economics, 35(8), 1116-1139. https://doi.org/10.1108/IJM-06-2012-0090 (Original work published 2014)