New NIESR research published today by the Department for Business Innovation and Skills highlights the importance of graduate skills to the UK economy. Looking across developed economies, we found that – as both economic theory and common sense would predict – countries which increased their share of graduates in the workforce saw labour productivity grow faster. For the UK, we estimate that roughly one-third of the increase in labour productivity between 1994 and 2005 can be attributed to the accumulation of graduate skills in the labour force. In other words, a substantial share of the UK’s economic growth over this period was driven by the expansion of higher education and the resulting increase in the proportion of workers who have a graduate-level qualification. Read full post by David Wilkinson here:
http://niesr.ac.uk/blog/graduates-boost-productivity
UK Study: Graduates Boost Economic Growth
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