An analysis is made in this speech of the rates of return on investments in higher education. Results indicate that the annual rates of return are higher in every year (1961-75) than the 10 percent realized on business investments. On the basis of the evidence presented, it is concluded that Americans are not overeducated. The trends in student…

This book, which is designed for undergraduate-level students in economics and industrial relations, attempts to synthesize the literature in the field of training for employment in Western Europe and the United States. In part 1, the principles of human capital theory are used to explain many labor market phenomena in terms of rational choices…