It is generally accepted that human capital is an important factor in economic growth, but its impact on growth depends on the demand for education and skills on the labor market. Demand for human capital is largely determined by the institutional environment that governs the basic conditions for economic activity. The author expresses ten doubts…

By 2020, 65 percent of all jobs in the economy will require postsecondary education and training beyond high school. That's a pretty strong statement in defense of the value of higher education in this country. But it will mean little unless the nation's colleges and universities--and, specifically, community colleges--can produce more workers…

While employment growth has accelerated, allowing unemployment to fall significantly since 2005, many low-skilled workers are still unemployed and the duration of unemployment spells is still long. The introduction of an in-work benefit for workers in low-income households, subject to a minimum of hours worked, could lower barriers to higher…