Human capital accumulation and economic growth
01 Sep 2015 Leave a comment
in economic growth, economics of education, human capital, labour economics, macroeconomics Tags: educational attainment, endogenous growth theory, human capital, knowledge capital
The number of children not going to school globally has halved in 10 years
08 Aug 2015 Leave a comment
in development economics, economic history, economics of education, growth disasters, growth miracles Tags: educational attainment, schooling, The Great Fact
"55 million children remained out of school in 2012" New blog on #MDG2 – blogs.worldbank.org/opendata/mdg2-… #opendata #WDI2015 http://t.co/6uYQE1RNSG—
World Bank Data (@worldbankdata) May 20, 2015
The education explosion in the 20th century
06 Aug 2015 Leave a comment
in economic history, economics of education, human capital, labour economics, occupational choice Tags: age of human capital, educational attainment
Dramatic increase in education across all demographic groups over the past 100 years bit.ly/16XYZun http://t.co/0Ew0OxDzlx—
Catherine Mulbrandon (@VisualEcon) August 27, 2013
Tertiary education attainment of young adults in Australia, New Zealand, USA, UK and Canada, 2000 and 2011
24 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice, politics - Australia, politics - New Zealand, politics - USA Tags: Australia, British economy, Canada, College premium, educational attainment, graduate premium
Figure 1: tertiary educational attainment of adults aged 25 to 34 in Australia, New Zealand, USA, UK and Canada, 2000 and 2011
Source: OECD Factbook.
The rise and rise of educational attainment
18 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice Tags: educational attainment
Average years of schooling in US over time. Rise slowed in the 1970s. brook.gs/14C4Kmo http://t.co/abs2A8BvAx—
Richard V. Reeves (@RichardvReeves) January 09, 2015
Another gender gap that dare not mention its name
11 May 2015 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, occupational choice Tags: educational attainment, gender wage gap, reversing gender gap
Prediction: No commencement speaker will mention the huge ‘degree gap’ favoring women. ow.ly/MCiAm http://t.co/kzzNagctAk—
(@AEI) May 06, 2015
The payoff from investing in education is large in developing countries
30 Apr 2015 Leave a comment
in development economics, economics of education, growth disasters, growth miracles Tags: College premium, education premium, educational attainment
There are big differences in educational attainment across Europe
16 Apr 2015 Leave a comment
in economics of education, human capital, labour economics, occupational choice Tags: educational attainment, Eurosclerosis
Ireland has the highest share of highly qualified 30-34 year olds in the EU http://t.co/LhZMvYcgj5—
Guardian Data (@GuardianData) September 26, 2014
Finishing year 10 of high school was a very much a mid-20th century phenomenon
09 Apr 2015 Leave a comment
in economic history, economics of education, human capital, labour economics, occupational choice, politics - USA Tags: educational attainment
The rising educational attainment of the poor
01 Apr 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, poverty and inequality, welfare reform Tags: educational attainment
@mattyglesias poverty trends a good example of why americanprogress.org/issues/poverty… http://t.co/tgn7RzBKzw—
Shawn Fremstad (@inclusionist) March 28, 2015
The Upside of Income Inequality » Gary Becker and Kevin Murphy
01 Feb 2015 Leave a comment
in economics of education, human capital, labour economics, liberalism, occupational choice, poverty and inequality Tags: education premium, educational attainment, graduate premium, The Great Enrichment
Trends in Income Inequality and its Impact on Economic Growth – OECD – is it all about not enough graduates – updated?
11 Dec 2014 Leave a comment
in economics of education, human capital, labour economics, occupational choice, poverty and inequality Tags: educational attainment, human capital, poverty and inequality, student loans, tuition fees
The analysis of the OECD published overnight depends crucially upon how greater inequality reduces the ability of the lower income families to invest in human capital.
The OECD theory of inequality and lower growth is there is a financing constraint because of inequality that reduces economic growth because of less human capital accumulation by lower income families.
Proportion of adults aged 25–64 years with an educational qualification of at least upper secondary level and tertiary level, 1991–2009
In a nutshell, not enough people are going to university. Apparently, the explosion in tertiary educational attendance over the last generation, an increase of about 150% for the adult population aged 25 to 64, was just not good enough.
But what about adults aged 25 to 34, recent graduates, how many of them are there?
There was an explosion of young New Zealanders in the late 1990s who qualified for a degree from a university or diploma from a Polytech.
Under the hypothesis of the OECD about financial constraints retarding the accumulation of human capital among the lower middle class – the fourth decile of the income distribution – even more young New Zealanders should have gone to university or Polytech.
Are there many New Zealanders left who are qualified and suited to tertiary education who do not go?
That is the crux of the OECD position: not enough lower-middle-class New Zealanders go on to obtain higher education and upgrade their skills because of financial constraints in a country was in interest free student loans, means tested student allowances, and the government subsidises for 75% of all tuition fees. Tuition fees only equal 25% of the actual cost and any one can get a student loan to cover this fee.
Utopia, you are standing in it! 
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