This paper uses a new data-set for cumulative national investment in formal schooling and a new instrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of…

This article details the application of an economic theory to the fiscal operation of a small engineering consulting firm. Nobel Prize-winning economist Wassily Leontief developed his general input-output economic theory in the mid-twentieth century to describe the flow of goods and services in the U.S. economy. We use one mathematical model that…

In tasks as diverse as stock market predictions and jury deliberations, a person's feelings of confidence in the appropriateness of different choices often impact that person's final choice. The current study examines the mathematical modeling of confidence calibration in a simple dual-choice task. Experiments are motivated by an accumulator…

Applies the methods used in the analysis of input-output tables to the study of interdependence among the different subdivisions of organizations. (Author/IRT)

Describes and provides a simulation of an input-output, goal-programing technique that uses efficiency criteria as prerequisites for state aid payments and provides for the sharing of managerial know-how between the state and local school districts. (Author/IRT)

Data Envelopment Analysis (DEA), a mathematical model for measuring decision-making units' efficiency, was applied to resource allocation information in the division of occupational and technical programs at San Antonio (Texas) College. Input-output data were used to analyze existing programs' efficiency and proposed program modifications. (RW)

Evaluation is discussed as an information-gathering process. Currently popular evaluation programs are reviewed in relation to decision making and various approaches that seem to contribute to the decision utility of evaluation (e.g. classical approaches, Bayesian approaches, adaptive designs, and model-based evaluations) are described. (Author/AL)

Develops a valuation model of educational output based on individual earnings from cross-sectional data; describes the problems associated with defining certain elements of the model and proposes adjustments related thereto; uses model to estimate the value of university education in Spain. (Contains 68 references.) (PKP)

A newly developed input/output method for comparing the efficiency of urban elementary schools is presented. The method results in the identification of efficient and inefficient schools and provides management information relative to input and output measures. (Author/IRT)

An approach to human performance based on economic concepts is described; the human system employs utility considerations to determine allocation of its limited resources. The efficiency of those resources in performance depends on parameters characterizing the task and the performer. Models and interpretations of dual task performance are…

Examines the relative contributions of human and physical resources in the production of private undergraduate higher education. The parameters in the output equation suggest a traditional recipe: a relatively high ratio of quality faculty to good students in a facilitating environment reflected by academic expenditure. Better students are drawn…

Develops an input-output model, with related multipliers, showing how changes in earmarked and discretionary educational funds (whether local, state, or federal) affect all of a state's districts and educational programs. Illustrates the model with Pennsylvania data and relates it to the usual educational finance approach, which uses demand…

Begins with a discussion of cost and efficiency in education. Presents an empirical model to estimate school-level economies of scale. Applies model to expenditure data set by school from 17 Wyoming school districts. Finds that it costs more per student in a small school than in large schools to achieve similar educational outcomes, thus…

Using an input-output framework, the author derives hypotheses on wage differentials based on the assumption that human capital (in this case, education) will explain workers' wage differentials. The hypothetical wage differentials are tested on data from the Italian economy. (RW)

The paper specifies mathematically the demand and supply functions for interacting factor markets to characterize the impact of alternative antipoverty programs. Wage subsidies were found to be the most transfer-efficient, implying that education and training is the most cost-effective means of aiding the low-skilled. (MF)