A variety of studies provide evidence that the stock of college-educated labor has fundamental effects on state and local economies through its association with wages, economic growth, personal incomes, and tax revenues. As a result, policymakers in many states try to increase the percentage of the state's population (or workforce) that has a…

This paper reviews the literature on job-related training and the effects of these investments for different groups of individuals. The paper also elaborates on the theories, empirical explanations, and policy implications that can be drawn from these findings. Employer-provided training is by far the most important source of further education and…

If productivity and earnings are not found to result from education, then an alternative theory could be that employers use education as a screening device to select employees. Employing the decomposition technique to compare income for self-employed and private sector employees, evidence is presented that rejects the screenist theory. (Author/MD)

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)

Analysis of a sample of 306 workers shows that neither the gender nor racial composition of the workplace is associated with productivity. An alternative explanation for lower wages of women and minorities is social closure--the monopolizing of desirable positions by advantaged workers. (SK)

This paper consists of three related lectures dealing with the application of basic economic concepts and theory to educational planning. In the first lecture, the author describes the fundamental principles involved in the study of economics and shows that educational planning is basically a process for making certain economic choices. The second…

The view of human resources as a form of capital is not new, but it has only recently been thoroughly examined and explicitly incorporated into the stream of economic thought. In this book the author summarizes the work he has done in the field over the past decade. In particular the author addresses himself to two areas that have been neglected…

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The focus of this article is to examine the relationship between the workplace and business. In doing so, the concept of profitability will be considered first followed by an examination of three concerns in reducing expenses: geography, technical efficiency, and people. (CT)

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…

Background/Context: In the field of educational research, conventional wisdom holds that primary-level schooling, specifically literacy acquisition, promotes economic mobility for individuals and economic development for the nation. This belief is rooted in human capital theory, the causal argument claiming that state investment in schooling or…

Using data on wage claims investigations of a state labor department, this study indicates that investigators become significantly more productive during the first six years of job experience. (SK)

A review of the state of the art of educational economics considers recent seemingly conflicting or disparate forms of economic analysis such as human capital theory, the study of education and economic growth, distribution of income, internal system efficiency, and education's effects on crime, savings, and consumption. (MSE)