Household survey data from 11 Latin American countries and curriculum costs were used to estimate earnings differences by type of secondary education. In some countries, private vocational schooling had greater returns. Introducing the cost of curriculum and social returns results in much lower returns to vocational schooling. (SK)

Discusses educational equality and inequality from an economist's perspective. Considers human capital theory and interpretation of life cycles in learning and earning. Addresses schooling and experience components of changes in the inequality of earned incomes, educational expansion, and inequalities in schooling. Explores the roles of skill…

Observations of schools and the economies of various countries and regions (including the Eastern and Western Europe, Scandinavia, and the United States) suggest that the following generally accepted principles may be called hoaxes: (1) great numbers of new emerging jobs of the future will require much higher skill levels for workers; (2)…

This study was concerned with the optimum allocation of public resources in education, and involved a comparison between vocational-technical education and an alternative curriculum for non-college attending students. Major steps in the study were: (1) identification of costs and benefits, (2) collection of representative data, (3) determination…

The private internal rate of return to investment is evaluated in two levels in each of the following four educational programs: computer science, nursing, nutrition, and social work. In these fields, a situation occurs in which many bachelor's degree graduates and community college vocational degree holders perform exactly the same work and…

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…