This paper estimates for a given year (1959) both rates of return and present values to taking additional schooling in Puerto Rico, and relates these rates and present values to the increase in schooling per male worker in broad occupational categories over the 20 years, 1940-1960. (Author/RY)

The 1980s college enrollment crisis never materialized because demographics are not the sole determinant of enrollment trends. The actual employment and earnings experiences of graduates will heavily influence the economic well-being of most postsecondary institutions. If private investment in postsecondary education remains high, enrollments will…

This paper focuses on the change in the growth rate in schools by looking at some of the available data and rearranging it in ways that explain the flattened growth rate. The analysis begins with an overview of the market--past, present, and future. From there, future prospects for the school business are estimated. Declining enrollments, a tight…

A dynamic model of decisions to work, invest in human capital, and commit crime was developed and examined. By making all three activities endogenous, the model explains why older, more intelligent, and more educated workers tend to commit fewer property crimes of some types than others. The model includes the following predictions: (1) policies…