Page 25 - Education and Inclusive Growth --Jong-Wha Lee Korea University

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GDP growth. In addition, it also reduces educational inequality and thus helps to

improve income inequality.
Well-designed education and skill policies must be a priority to achieve
sustained and inclusive economic growth. During the recent decades, rapid

technological progress and trade globalization have caused to widening income
inequality, while contributing to economic growth. Out results imply that
effective human capital policies, such as inclusive education and training for

less-educated and unskilled workers, must be a better policy option to address
income inequality by offsetting the negative effects of international trade and
technological innovation.

To do so, current education and training system in many countries that falls
behind technological progress are subject to reform. In this new era of ICTs and
AI, through effective life-long learning, all workers must be equipped with the

adequate skills to command and complement with new technologies.

References

Acemoglu, D. and P. Restrepo. (2017). “Robots and Jobs: Evidence from US
Labor Markets.” NBER Working Paper No. 23285. National Bureau of

Economic Research.
Autor, D. H. (2014). “Skills, Education, and the Rise of Earnings Inequality
among the ‘Other 99 Percent.’” Science 344 (6186), 843–851.
Barro, R. J., and J. W. Lee. (2013). “A New Data Set of Educational Attainment

in the World, 1950–2010.” Journal of Development Economics 104, 184–
198.

Barro, R. J., and J. W. Lee. (2015). Education Matters: Global Schooling Gains
from the 19th to the 21st Century. New York: Oxford University Press.