It is generally accepted that human capital is an important factor in economic growth, but its impact on growth depends on the demand for education and skills on the labor market. Demand for human capital is largely determined by the institutional environment that governs the basic conditions for economic activity. The author expresses ten doubts…

The Great Recession that began in December 2007 laid bare many of the shortcomings of the American workforce, especially the lack of workers with postsecondary education. A large majority of jobs lost in the recession and in the recovery had been held by workers with a high school diploma or less. The only real gains made during the still…

The rising cost of college education and high unemployment levels among recent college graduates are raising the question "Is college worth its cost?" in the minds of many Americans. A recent study published by the Associated Press found that one out of every two recent college graduates is jobless or underemployed, suggesting maybe college isn't…

As is well known, a worker's attitude toward labor is to a considerable extent determined by his age. During the Soviet era this was the cause of many problems, such as the high turnover in cadres, very poor labor discipline, and the decline of labor's role in the system of value orientations. Researchers pointed out that it was most often young…

A labor market-oriented study of the effects of internationalization provided background for National Commission for Employment Policy (NCEP) recommendations on ways to enhance the ability of the U.S. economy to compete in world markets. The analysis focuses on three major dimensions: (1) trade in goods and services; (2) immigrants (legal and…