Education, Skills, and Technical Change: Implications for Future US GDP Growth (National Bureau of Economic Research Studies in Income and Wealth Book 77)

Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can human capital accumulation in the United States keep pace with the evolving demands placed on it, and how can the workforce of tomorrow acquire the skills and competencies that are most in demand? __Education, Skills, and Technical Change__ explores various facets of these questions and provides an overview of educational attainment in the United States and the channels through which labor force skills and education affect GDP growth. Contributors to this volume focus on a range of educational and training institutions and bring new data to bear on how we understand the role of college and vocational education and the size and nature of the skills gap. This work links a range of research areas—such as growth accounting, skill development, higher education, and immigration—and also examines how well students are being prepared for the current and future world of work. Introduction / Charles R. Hulten And Valerie A. Ramey -- The Macroeconomic Link Between Education And Real Gdp Growth. Educational Attainment And The Revival Of U.s. Economic Growth / Dale W. Jorgenson, Mun S. Ho, And Jon D. Samuels ; The Outlook For U.s. Labor-quality Growth / Canyon Bosler, Mary C. Daly, John G. Fernald, And Bart Hobijn ; Comments: Douglas W. Elmendorf ; The Importance Of Education And Skill Development For Economic Growth In The Information Era / Charles R. Hulten -- Jobs And Skills Requirements. Underemployment In The Early Careers Of College Graduates Following The Great Recession / Jaison R. Abel And Richard Deitz ; The Requirements Of Jobs: Evidence From A Nationally Representative Survey / Maury Gittleman, Kristen Monaco, And Nicole Nestoriak -- Skills, Inequality, And Polarization. Non-cognitive Skills As Human Capital / Shelly Lundberg ; Comment: David J. Deming -- Wage Inequality And Cognitive Skills: Re-opening The Debate / Stijn Broecke, Glenda Quintini, And Marieke Vandeweyer ; Comment: Frank Levy ; Education And The Growth-equity Tradeoff / Eric A. Hanushek -- Recent Flattening In The Higher Education Wage Premium: Polarization, Skill Downgrading, Or Both? / Robert G.valletta ; Comment: David Autor -- The Supply Of Skills. Accounting For The Rise In College Tuition / Grey Gordon And Aaron Hedlund ; Comment: Sandy Baum ; Online Postsecondary Education And Labor Productivity / Caroline M. Hoxby ; Comment: Nora Gordon ; High-skilled Immigration And The Rise Of Stem Occupations In Us Employment / Gordon H. Hanson And Matthew J. Slaughter ; Comment: John Bound. Edited By Charles R. Hulten And Valerie A. Ramey. This Volume Contains Revised Versions Of The Papers Presented At The Conference On Research In Income And Wealth Entitled Education, Skills, And Technical Change: Implications For Future U.s.gdp Growth, Held In Bethesda, Maryland, On October 16-17, 2015--publisher Info. Includes Bibliographical References And Indexes.