Reports on a study of data from the March 1980 Current Population Survey about the impact of the number of high school diplomas and their value in the labor market. Finds that, although traditional economic models suggest that a large number of diplomas diminishes their value, the queuing model shows that it could be an asset. (CFR)

This book provides an introduction to earnings capacity (EC), a measurement of human capital, and its application to a research study of potential earned annual income over a 25-year period. Focus is on qualitative aspects of EC such as race, age, gender and education and its utilization. Chapter 1 is an introduction. Chapter 2 reviews existing…