This policy paper explores the nature and significance of human capital development. Its intended audience includes policymakers, students and researchers, and citizens who bear the ultimate responsibility for public policy. An introductory section defines human capital broadly to include all productive capacities acquired at some cost and…

Since the Workforce Investment Act (WIA) was enacted in 1998, considerable efforts have been expended at the federal, state, and local levels to effect the transition to the new system mandated by WIA. Several states phased into the new system in July 1999, and all other states followed in mid-2000. Active participation by partner agencies has…