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註釋Krueger and Lindahl (2003) highlight the fact that estimates of the magnitude of human capital's impact on rates of productivity growth and overall economic growth are far lower than estimates of its impact on wages and other labour market outcomes observed at the individual level. They attribute this disconnect to the poor quality of the human capital measures employed in macro-economic growth models. Analysis of data from the International Adult Literacy Survey (IALS) has already demonstrated that directly assessed literacy and numeracy skills have a significant impact on a range of social and labour market outcomes observed at the individual level impacts that come on top of those attributable to educational attainment. This paper represents a first attempt to capitalize on the improved measurement properties of the IALS results, specifically to estimate the impact that the level and distribution of directly assessed skill have had on rates of productivity growth and overall economic growth over the period 1960-1995 for a group of fourteen highly developed OECD economies.