Human Capital, Age Structure and Economic Growth: Evidence from a New Dataset

Crespo Cuaresma, J. & Lutz, W. ORCID: https://orcid.org/0000-0001-7975-8145 (2007). Human Capital, Age Structure and Economic Growth: Evidence from a New Dataset. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-07-011

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Abstract

This paper discusses a new dataset on educational attainment levels by age and sex for 120 countries in the period 1970-2000 which has been reconstructed using demographic multistate back-projection methods. Using this unique dataset, we show that the differences in the education level of the younger age groups explain the differences in income per capita across countries significantly better than aggregate measures such as the education level of the entire adult population. We also present evidence that in developed countries, the education of the younger adults contributes significantly to the adoption of technology.

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