The purpose of this paper is to analyze the role of universities and other institutions in successful entrepreneurship. Insights are obtained following a literature review approach. Case studies from the United States (New York startup), Spain (Mondragon), and Germany provide strong evidence that universities are very instrumental in the creation,…

Traditional business practice undervalues human capital, and most conventional accounting models reflect this inclination. The argument for more explicit measurements of human resources is simple: Improved measurement of human resources will lead to more rational and productive choices about managing human resources. The business community is…

Economists are aware of the importance of human capital in the process of development, whereas policy makers are only now exploring its implications, pressed by demands for more jobs and higher incomes. Recent research in the dynamics of labor markets illustrates how the results can help shape education and training policy in the United States.…

Economic competitiveness is today's most critical issue. Keeping the United States competitive in the world marketplace means the difference between a rising standard of living for everyone and the disappearance of what is taken for granted as a way of life. Developing human capital is the route toward successful competition, as some examples…

Reviews research on the current status of skill requirements in Australian industries, industry demand for vocational education and training, ways in which enterprises perceive training (cost or investment), and vocational education in secondary schools. Derives implications for career development, including increased demand for flexibility and…

This document, a review of labor market effects of human capital, focuses on two related topics. Part I describes the following early findings of the research on effects of education and job training on the wage structure, labor turnover, and unemployment: decline of training with experience, positive and significant effects of training on length…

This paper analyzes and evaluates federal assistance to Indians on or near reservations and recommends public policies to promote self-determination through economic development. Most Indian tribes rely on federal funds for basic necessities and services. At current funding levels, reservation residents lead lives of deprivation or opt for…

For those students incurring direct educational expenditures that are high enough, the current personal income tax will discourage investment in human capital, assuming tax rates are essentially proportional over the relevant range. In all probability, however, any distortion between investment in human and physical capital is quantitatively…

This paper synthesises the existing literature on human capital formation and foreign direct investment (FDI) in developing countries. The aim is to take a bird's eye view of the complex linkages between the activities of multinational enterprises (MNEs) and policies of host developing countries. In doing so, general trends, best practices and…

Productivity is a major issue in every discussion about the national economy. There is growing evidence that lagging productivity is one of the roots of the national economic slowdown, manifested in high rates of inflation and unemployment, increased federal deficits, and in reduced ability to compete in international markets. Many economists…

Three important human capital questions must be addressed by U.S. policy makers: What are the effects of employer-sponsored training? Do employers invest enough in employee training? and How will accelerating technological change affect the need for employer-sponsored training and for complementary investments in education? Four policy…

The 49 papers in these two volumes were prepared to assist the Commission on Workforce Quality and Labor Market Efficiency in making recommendations for improving the U.S. work force. The papers summarize existing research and make recommendations on subjects reflecting seven Commission tasks: (1) examine the roles and effectiveness of privately…

This paper identifies important knowledge gaps in adult education and training (AET) in Canada and starts to explore strategies to fill these gaps. Following an introduction in English and French, each of the next three sections is comprised of a review of the current state of knowledge on three topics (outcomes of adult learning, motivations and…