This article argues that a class in human capital metrics (HCM) will benefit all undergraduate management majors. After introducing what is meant by HCM through a discussion of its evolution, the authors enumerate the benefits such a course brings to students. Primary among those benefits is a change in mind-set toward using data and metrics to…

What is most striking about the efforts of colleges and universities to recover from the repercussions of the global financial crisis is the extent to which many are determined to frame the moment as an opportunity. Much of the discourse surrounding the response of academic institutions to the recession, however, has been couched in the context of…

The present challenge for educationists and economists is to resolve pressing problems inherent in social choice and the technical framework of education. Among these challenges is the conflict between means and ends of educational production, the reliable development of human capital, and resolution to problems of social inequality. The authors…

The 1944 GI Bill provided fully for postsecondary education, democratizing ambition and access to American higher education, and providing the idea of attending college and the financial means for doing so to a previously largely-unserved segment of the national population. The GI Bill, along with the civil rights movement and the women's…

Although Hong Kong's education system has long been criticized as lacking in creativity and over-emphasising rote learning, on the whole it has served Hong Kong well in the past years, breeding outstanding business, academic and political leaders who continue to maintain Hong Kong's competitive edge. The traditional elite schools have played a…

Recent efforts to deal with college affordability, including measures now before Congress, raise many questions: Why does college cost so much? How can students ever be expected to pay back their loan debt? Why does the middle class always get squeezed? America's historical commitment to the education of its citizens is perhaps the most important…

In this essay I review an important report on school reform, published in 2007 by the National Center on Education and the Economy, and written by a group of twenty-five panelists in the USA from industry, government, academia, education, and non-profit organizations, led by specialists in labor market economics, named the New Commission on the…

In the 21st century, the United States will need a much more highly educated population to sustain its economic and civic vitality and restore its economic standing. Globalization, demographic change, the rise of a knowledge-driven society, and the unrelenting advances in technology are among the major forces intensifying the need for a more…

Since the start of the twenty-first century, the mass media in Russia have increasingly appealed to the concept of human capital, initially formed in the framework of the system of education. The sphere of education is being recognized as top priority in the context of the worldwide movement toward what is called the knowledge economy or even the…

In a recent paper, Garcia-Mainar and Montuenga-Gomez [Garcia-Mainar, I. & Montuenga-Gomez, V. M. (2005). Education returns of wage earners and self-employed workers: Portugal vs. Spain. "Economics of Education Review, 24"(2), 161-170] apply the generalized IV model of Hausman and Taylor to estimate education returns of wage earners…

This is a response to [Jordahl, H., Poutvaara, P., & Tuomala, J. (2009). Comment on education returns of wage earners and self-employed workers. "Economics of Education Review" 28]. We acknowledge that econometrics have improved since the time our original paper was written, so that the choice of accurate instruments is now more…

This article draws on research undertaken with a Local Learning and Employment Network (LLEN) in the state of Victoria, Australia. LLEN are networks that were implemented by the state government in 2001 to undertake community capacity building through which the outcomes of young people aged 15-19 in education, training and employment would be…

In their reply to our comment, Garcia-Mainar and Montuenga-Gomez [Garcia-Mainar, I., & Montuenga-Gomez, V. M. (2009). A response to the comment on education returns of wage earners and self-employed workers. "Economics of Education Review"] did not address our fundamental criticism that they have not provided the information…

The focus of the study in the present article is the cadre situation in scientific organizations in the post-Soviet space. The older generation in academic institutes is increasingly predominant owing to the natural aging of scientific personnel along with a slower influx of young people. At the same time, older scientists serve in the role of…

The corporate approach to education is groundless (because a large portion of education in the past, and even still, has always been firmly grounded in the Humanities). So, why this continuous assault on the Humanities? Because educational institutions have bought into the myth that education and the corporate world are hand-in-glove. But by…