Entrepreneurial and innovative higher education institutions of the 21st century have become the driving forces of social development, economic growth and global competitiveness by improving human capital through the educational and instructional services they offer, producing qualified scientific information through the scientific research they…

Purpose: This paper explores the economic and social effects of human capital investment in the 20th century. As well as drawing on census data and statistical yearbooks in Australia and Aoteoroa/New Zealand, the paper develops its argument by an intersection of scholarly work in sociology, economics and the history of education to consider the…

Following the Tomorrow's Schools administrative restructuring, a second wave of educational change installed globalised discourses as governmentality policies in Aotearoa New Zealand. Drawing on Foucault's "toolkit", this genealogical policy chronology traces the transformation of curriculum and assessment into a specific political…

Over the past three decades, educators have faced an increasing variety of reform proposals that can best be contextualized as efforts to commodify and privatize public education. While supporters of market-based reforms attempt to place these proposals within education theory, they are in reality firmly entrenched in neoliberal economic theory.…

Educational equity is often discussed as a moral issue. Another way to think about equity is as a way to promote productivity and economic efficiency. Traditionally, equity and efficiency are viewed as competing goals. One can be fair in devising a policy, but it often happens that what is fair is not economically efficient. Conversely, what is…

"Research Messages 2014" is a collection of summaries of research published by the National Centre for Vocational Education Research (NCVER) in 2014 in the context of changing economic, industrial, social and education conditions, organised under the following broad categories: (1) Productivity: to sustain and build Australia's human…

Innovation is the key to productivity growth and prosperity. Most empirical cross-country analysis of the determinants of innovation focus mainly on developed countries. The objective of this study is to fill this gap in the research and analyze the determinants of innovation in transition countries of Eastern Europe and the Former Soviet Union.…

Today's students--as exemplified by the three inspiring people on this report--are a remarkably diverse group with unlimited potential. America is home to tens of millions of these 21st century students, and their success is vital to the nation's future. For the United States to thrive in the rapidly changing global economy, the full potential of…

This paper estimates models of the evolution of cognitive and noncognitive skills and explores the role of family environments in shaping these skills at different stages of the life cycle of the child. Central to this analysis is identification of the technology of skill formation. We estimate a dynamic factor model to solve the problem of…

Reviews and critiques the ways in which researchers have used both productivity theory and human capital theory in efforts to measure the returns on investments in improving teacher quality. Also discusses strategies for improving investigations of the returns on investments in improving teacher quality. (Author/SLD)

Attacks two assumptions: (1) that schooling raises the level of cognitive development of students, and (2) that this increase explains the relationship between schooling and earnings. (Author/LR)

The author explains that in recent years the output per hour has not been growing as fast in the U.S. as in some of the other industrialized nations of the world. He explains why this has serious consequences for our national economic well-being. (CT)

This article examines the macro, micro, and distributional economics of education. Comparisons are made between the United States, Western Europe, and the U.S.S.R. (DE)

Discusses national responsibility for social welfare programs and the need for greater federal support. Suggests guidelines for those who seek more effective action to lead to a realization of the true potential of the American economy to provide for the welfare of all her citizens. (CS)

Takes issue with conventional human capital theory, questioning assumptions regarding external benefits, internal efficiency, educational purposes, and returns-to-education and manpower needs approaches. Reviews new theoretical directions regarding supply and demand, socialization, labor market segmentation, and overeducation and undereducation,…