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Specific and General Human Capital in an Endogenous Growth Model

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In this article, we define specific (general) human capital in terms of the occupations whose use is spread in a limited (wide) set of industries. We analyze the growth impact of an economy's composition of specific and general human capital, in a model where education and research and development are costly and complementary activities. The model suggests that a declining share of specific human capital, as observed in the Czech Republic, can be associated with a lower rate of long-term growth. We also discuss optimal educational policies in the presence of market frictions.

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JERBASHIAN, Vahagn, SLOBODYAN, Sergey and VOURVACHAKI, Evangelia. Specific and General Human Capital in an Endogenous Growth Model. Eastern European Economics. 2015. Vol. 53, num. 3, pags. 167-204. ISSN 0012-8775. [consulted: 6 of August of 2026]. Available at: https://hdl.handle.net/2445/110832

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