Focuses on a specific federal credit program (the guaranteed student loan program), using the Engle and Granger two-step procedure to estimate an error correction model of commercial student loan supply. Results indicate that the secondary market is an important determinant of commercial student loan lending and that commercial supply is inelastic…

Differing educational levels affect mean income differences among states. However, mean earnings also differ when holding constant amounts of education and experience; persons in higher income states earn more. Immigrants show smaller state income than do natives, or no effect. Differences among states are mainly due to influences during…

Examines investment and consumption features of the demand for medical education, using medical application data over the 1948 to 1994 time period. Examines a variant of a pure human capital (investment) model and a model augmented by consumption and demographic variables, using medical education data. A static human capital model best forecasts…

Examines whether devoting more resources to education can positively affect the distribution of income within a country. Finds that public-education expenditures appear to be associated with a subsequent decrease in the level of income inequality. Finding is robust to the inclusion of various control variables and appears to be larger in…

Describes and develops a methodology for estimating workers'"potential earnings," a previously unobservable element required to solve human capital equations that are designed to permit analysis of the return, measured in earning power, on investments in on-the-job training. (PGD)

This paper considers the relation of education and of scientific and technical knowledge developed through research and development to labor productivity growth within the medium term. The empirical significance of sources of productivity growth is tested using data for the United States and 14 other nations. (Author/MLF)

A regression analysis of 1966 National Longitudinal Survey data compared the human capital returns of employees with those of self-employed owners of nonfarm businesses, using information on income, grade completed, race, vocational training, and other variables. Results indicate the human capital returns were basically similar for both groups.…

Analyzes the return to education of liberalization of the labor market in Vietnam. Finds, for example, that private rate of return to schooling is greater for primary education than for either secondary or higher education. Overall, estimated returns to schooling in Vietnam are low compared with those for other developing countries. (Contains 6…

Investigates the effect of education and the role of technical progress on economic growth in Taiwan from 1965-2000. Finds that education has a positive and significant effect on growth, but the role of technical progress does not appear to be extraordinarily important. Furthermore, no markedly significant relationships exist between capital and…

Using the German ScoioEconomic Panel, analyzes initial wage levels based on school quality and training for two cohorts of nonuniversity young adults, 1984 versus 1994. Finds, for example, that for the 1994 cohort, formal vocational certification is an important predictor of higher initial wages for both high- and low-quality school tracks.…

Analyzes the determinants of postimmigration investments in education by adult immigrants, using survey data for Australia and OLS, logit, and multinomial logit analysis. Postimmigrration educational attainment varies negatively with age at arrival and positively with duration in destination and preimmigration schooling and occupational status.…

Using 1985 personnel record data from the Portuguese Ministry of Labor, a recent regression analysis found that the average rates of return for schooling in Portugal are in the 9.4 to 10.4 percent range. Large gender and regional earnings differentials exist. Study implications and limitations are discussed. (21 references) (MLH)

Investigates why employers (particularly those valuing technical progress as important for performance) share general training costs and returns. Workers stay with a firm paying a wage below their opportunity wage if it continually provides additional training so that the prospect of future wages outweighs the short-run gain from quitting and…

Applies production functions with education externalities to East Asia, testing for net effects of policy differences concerning enrollments vs. expenditures and for feedbacks through education's effects on rates of physical and capital investment. Since most countries had universal primary education early, the rate of secondary-education…

Investigates the impact of family characteristics and local labor-market conditions on the demand for postcompulsory education in Spain. Finds that record levels of youth unemployment did not enhance substantially the demand for postcompulsory education. Parents' education seems to be the main determinant of school enrollment. (Contains 32…