Utility analysis offers human resource management a powerful framework for decision making. Previous research has indicated that this framework can provide dollar-valued estimates of the consequences of human resource decisions. Moreover, this framework provides a general model of decision costs and benefits that can help organize and integrate…

Proves that the same single-period structure in relationships among schooling, experience, and earnings can have sharply contrasting meanings for life cycle patterns. Returns on investment in human resources, productivity, and higher education depend on the static or dynamic nature of society, not on the society's wealth or poverty. Includes three…

This report discusses diverse economic issues involved in educational reforms aimed at improving economic growth. The focus is on elementary and secondary education in the southeastern United States. After a general overview of the economics of educational reform, section I discusses the issues involved in modeling and estimating the linkages…

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…