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Discussion Paper Details

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Title: Educational Attainment, Labour Market Institutions and the Structure of Production

Author(s): Stephen Nickell, Stephen J. Redding and Joanna K Swaffield

Publication Date: November 2001

Keyword(s): de-industrialization, educational attainment, factor endowments, labour market institutions and specialization

Programme Area(s): International Trade and Regional Economics and Labour Economics

Abstract: A key feature of OECD economic growth since the early 1970s has been the secular decline in manufacturing?s share of GDP and the secular rise of service sectors. This Paper examines the role played by relative prices, technology, factor endowments and labour market institutions in the process of ?de-industrialization.? We find a statistically significant and quantitatively important effect of levels of educational attainment. Furthermore, the production structure responds differently to the educational attainment of men and women. Finally, countries with stronger levels of employment protection are shown to adjust more slowly to changes in prices, technology and factor endowments.

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Bibliographic Reference

Nickell, S, Redding, S and Swaffield, J. 2001. 'Educational Attainment, Labour Market Institutions and the Structure of Production'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3068