This paper examines the theoretical difficulties inherent in basing social investment decisions solely on considerations involving the additional tax payments and tax receipts the investment generates. Although the conceptual issues raised are quite general and could be applied to a wide variety of government financed investments, emphasis is on…

The author, a pioneering researcher on investment in human capital, presents a seminal attempt at a systematic analysis of personal income distribution. The framework is a human capital model based upon the aggregate earnings distribution of white, male, urban workers and the net investments in human capital among these workers. Schooling and…

This book provides a systematic account of the causes, consequences, and policy implications of failure in training provision and skills acquisition in the industrial world. "Introduction" (Alison L. Booth, Dennis J. Snower) summarizes the contents. "Transferable Training and Poaching Externalities" (Margaret Stevens) shows how…

A study examined the earnings losses suffered by a group of experienced workers who separated from their firms in the early and mid-1980s. The quarterly earnings histories of a large number of Pennsylvania workers covering the period 1974 through 1986 merged with employment information about their firms served as the data set. Workers' earnings…

This book contains nine papers presented during a year-long series of seminars and a conference that analyzed the relationship between economic restructuring and industrial relations involving the joint academics, union leaders, government officials, business executives, and graduate fellows. These analyses include case studies from Western…

This book on issues surrounding the United Kingdom's need to create a high-skill, high-added-value, knowledge-based economy also proposes strategies for providing education and training for employed and unemployed adults. The following chapters are included: "The Unwaged and the Unemployed" (Hunt, Jackson); "Adult Vocational…