We provide first evidence of the impact of over-education, among natives and immigrants, on firm-level productivity and wages. Our results show that the over-education wage premium is higher for natives than for immigrants. However, since the differential in productivity gains associated with over-education outweighs the corresponding wage premium…

We focus on human capital measured by skills and analyse its relationship with R&D investments and productivity across 12 OECD economies and 17 industries. We compute a measure of sectoral human capital defined as the average cognitive skills of the workforce in each country-sector combination. The variation in labour productivity that can be…

Chicago has a dynamic history of embracing change, evolving from an agricultural and commercial hub to the steel powerhouse that would undergird America's industrial revolution. The "City of Big Shoulders" now bears a sizeable burden, one that again requires it to embrace change. The metro area must shift to an economy built on knowledge…

The purpose of this study was to estimate the effects of investment in graduate and professional education on the subsequent growth in state workforce productivity. The independent variables of this study were investment in master's degree education, investment in doctoral degree education, investment in professional degree education, initial…

"Research messages 2011" is a collection of summaries of research projects published by National Centre for Vocational Education Research (NCVER) in 2011. The publication also has an overview essay that captures the themes and highlights from the research for the year, including: (1) the initial education and training of young people and…

This paper examines the effects of expansions in higher educational institutions and the medical service industry on the economic development of a metropolitan area. This examination pulls together previous research and provides some new empirical evidence. We provide quantitative evidence of the magnitude of economic effects of higher education…

Uses a growth model involving an aggregate production function to measure social benefits from human capital improvements due to investments in Hong Kong higher education. Returns calculated using the production-function approach are significantly higher than those derived from the wage-increment method. Returns declined during the past 10 years.…

According to the National Association of Manufacturers (NAM), "manufacturing is the engine that drives American prosperity". When NAM and its research and education arm, The Manufacturing Institute, released the handbook, "The Facts About Modern Manufacturing," in October 2006, NAM President John Engler noted, that…

This paper describes the relationship between the Thai education system and the changing economy by synthesizing existing research, focusing on several important research issues, and reviewing available policy options. Section 2 summarizes anticipated changes in the economy and patterns of labor demand, including current and prospective skill…

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,…

The foundation of factional pressures for upgrading educational credentials in the labor market is examined through a review of human capital and screening theories. The writings of Adam Smith are referenced to show that the claims of the beneficial effects of educational upgrading have been questioned for 200 years. (Author/MLW)

Changing conditions in the workplace and the impact of these changes on the individual worker are examined in this paper, which also discusses the implications of these changes for education and training. Major workplace trends likely to continue through the year 2000 include changes in work force demographics, in the industry mix, and in the…

Approximately two-thirds of the population depends on one-third of the population for survival. The valiant 77 million constitute the full-time work force in the United States. The conflict between excellence and equality weakens the development of a maximally productive work force. (JN)

The United States is faced with two serious economic problems: declining productivity growth and rising unemployment. These problems have become severe in the last decade. Both problems are caused by a number of factors, but experts fail to agree on which factors have most contributed to the problems. This paper examines the relationship between…

Reindustrialization problems in the United States (U.S.) include unemployment, low productivity, inflation, and inadequate economic growth. To determine how to improve economic performance, a careful, rational evaluation must be made of such factors as tax policy, spirit of risk, managerial effectiveness, rates of innovation, research and…