Societies are increasingly complex. Change is accelerating and its effects are unknown. Managing uncertainty is a major challenge, to the extent that in economics it is becoming difficult to assess need in terms of human capital requirements. This contrasts with the certainty that there is an increasing need for skills in the knowledge society and…

The National Longitudinal surveys (NLS) of Labor Market Behavior have been conducted by the Center for Human Resource Research at Ohio State University and supported by the Department of Labor since l966. In this paper, data from the fifth and newest NLS cohort, a national cohort of 12,686 youth who were aged 14-21 in 1979, are discussed.…

This paper extends research by Richard Murnane by analyzing the effects of specific teacher contract provisions on New York teacher turnover from 1972-76 and in the process assesses the validity of two theories explaining teacher mobility. The combination of the theory of human capital with the theory of internal labor markets analyzes teacher…

This book provides an introduction to earnings capacity (EC), a measurement of human capital, and its application to a research study of potential earned annual income over a 25-year period. Focus is on qualitative aspects of EC such as race, age, gender and education and its utilization. Chapter 1 is an introduction. Chapter 2 reviews existing…