Human capital: key to higher productivity

Source: OECD Economic Surveys, Volume 2009, Supplement 1, November 2009 , pp. 89-116(28)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

Human capital is a major determinant of growth in productivity and national incomes. Adopting new technologies requires a skilled workforce with capacity to adjust. In this regard, Denmark is in a relatively strong position, with gradual improvements in school outcomes and ample provisions for life-long learning. However, home-grown talent may not be sufficient for Denmark to remain a good location for firms wanting to be at the global cutting edge. This chapter first reviews labour market outcomes to assess trends in skill supply and demand. Thereafter it goes through the key policy issues, covering: compulsory education, where learning outcomes can still improve; upper secondary education, where completion rates must rise to avoid future labour market exclusion; and tertiary education, whose supply of top talent seems not to be keeping pace with demand.

Document Type: Review article

Publication date: 2009-11-01