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 Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. With contributions from leading researchers, each Handbook presents an accurate,…

Spurred by the Nigerian government's concern about transition rates into the three-year junior secondary segment of the nation's new 6-3-3-4 educational system, this paper reviews the literature, examines transition rates in 22 states, and concludes that most states have fallen below the 70 percent projected national transition rates during…

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 is concerned with the human capital theory of education as it is employed in designing, justifying, and funding African educational programs. According to this theory, where the most measurable and direct relationships between the world of work and that of school are purported to exist, those individuals who invest in education are…

This policy paper explores the nature and significance of human capital development. Its intended audience includes policymakers, students and researchers, and citizens who bear the ultimate responsibility for public policy. An introductory section defines human capital broadly to include all productive capacities acquired at some cost and…

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…