This chapter demonstrates how institutional researchers at institutions of higher education can use economic theory for enrollment management. (Contains 4 figures.)

Evaluating extension programs by the human capital approach involves observing changes in clients' output, input costs, time savings, and economic well-being. (SK)

States that despite spending massive amounts of money to expand their educational systems, poor countries have witnessed a 4-decade decline in their medium economic growth rates from 3 percent in the 1960s to zero percent in the 1990s. Offers several reasons for the decline, such as variations in the quality of education and low labor…

In the light of the current debate over liberal arts education v vocational training, the author compares the rates of return of a college education and a technical or occupational education and discusses the advantages of a college degree for adult students. (SK)

An analysis of the economic returns of education in Australia finds a rising need for education at a time of diminishing apparent returns. It is proposed that the notions of credentialism and education as a positional good provide a better explanation for this phenomenon than does the human capital approach. (MSE)

Approximately 20 million workers are presently living in countries other than their homelands in order to find better job opportunities. This labor migration is determined mainly by an income gap between the sending and receiving countries. Less important determinants are historical ties, cultural or linguistic affinity, and proximity. Emigrants…

Discusses educational equality and inequality from an economist's perspective. Considers human capital theory and interpretation of life cycles in learning and earning. Addresses schooling and experience components of changes in the inequality of earned incomes, educational expansion, and inequalities in schooling. Explores the roles of skill…

The human capital and growth accounting approaches to measuring the benefits of education both have serious weaknesses. Like other goods and services, educational services have effects on the economic well-being of individuals and families. Because the economic well-being effects of education include private marketed and non-marketed impacts as…

With inputs of labour and capital slowing, sustaining high growth rates in Korea will increasingly depend on total factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at the world technology frontier in areas such as ICT, the diffusion of technology to lagging sectors is a…