What is the role of human capital in improving growth rates? How important are different types of skills – basic, advanced and managerial, for example – on aggregate or for specific sectors or regions?

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The Labour Market section covers a range of questions to support HM Treasury to increase employment and making sure policy interventions support people to enter, remain and progress in work.

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This question was published as part of the set of ARIs in this document:

HMT Areas of Research Interest October 2024

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Related UKRI funded projects

  • Human Capital, the Organization of Production, and Economic Development - HUMANDEV

    Human capital is a central ingredient of the development process. While the literature has made progress in measuring the variation of human skills across countries and over time, we still have a limited understanding of...

    Funded by: Horizon Europe Guarantee

    Why might this be relevant?

    The project specifically focuses on the role of human capital in economic development and addresses the importance of different types of skills.

  • SkillsPulse

    The study will address significant gaps in the understanding of skills deficiencies in Europe – i.e. the extent, causes, and implications of skills shortages and skills gaps. Skills shortages refer to where employers fac...

    Funded by: Horizon Europe Guarantee

    Why might this be relevant?

    The project specifically addresses skills shortages and gaps, which are crucial in understanding the role of human capital in improving growth rates.

  • Ethos SkillsPlanner

    Matching the skills output of educational establishments with the needs of industry, particularly in a rapidly changing economy, is problematic. The inability to integrate the various bespoke datasets has meant the holis...

    Funded by: Innovate UK

    Why might this be relevant?

    The project focuses on matching skills to industry needs, which is relevant to understanding the importance of different types of skills for growth rates.

  • Skillzminer

    "Our vision is to improve social inclusive growth and boost productivity via our digital concept called Skillzminer. Our project will demonstrate how artificial intelligence, can better predict the skills, values a...

    Funded by: Innovate UK

  • Skills, productivity and human capital

    The planned programme of research aims to address four issues: R&D, innovation and the wages of workers in low-skilled occupations An understanding of how increases in innovation and productivity feed through into t...

    Funded by: ESRC

  • Productivity, Wages and the Labour Market

    Since the 2008 financial crisis, the UK has witnessed weak economic growth and stagnant productivity. While employment remained high, many jobs offer little security or opportunities for training and progression. Self-em...

    Funded by: SPF