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Economic Prosperity RecapturedThe Finnish Path from Crisis to Rapid Growth$
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Seppo Honkapohja, Erkki A. Koskela, Willi Leibfritz, and Roope Uusitalo

Print publication date: 2009

Print ISBN-13: 9780262012690

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262012690.001.0001

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The Importance of Human Capital

The Importance of Human Capital

(p.75) 5 The Importance of Human Capital
Economic Prosperity Recaptured

Seppo Honkapohja

Erkki A. Koskela

Willi Leibfritz

Roope Uusitalo

The MIT Press

This chapter discusses recent changes in the educational level of the Finnish labor force and evaluates the effects of improved education on productivity growth. It first looks at the skill level of the labor force and how it has changed during the past decade, making comparisons with other OECD countries, and then discusses the impact of education on productivity and the merits of the Finnish educational system.

Keywords:   labor force, Finnish economy, education policy, productivity growth, educational system, human capital, skilled labor

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