There is emerging consensus that the United States faces major higher education challenges, including: (1) America's fall from first to tenth place internationally in the percentage of the population with higher education degrees at a time when the country faces increased global economic competition in a knowledge-intensive economy; (2) Education…

A statistical analysis was performed to test the hypothesis that, if profit-maximizing firms have limited information about the general productivity of new workers, they may choose to use easily observable characteristics such as years of education to discriminate statistically among workers. Information about employer learning was obtained by…

The relationship between employer learning and statistical discrimination was explored through a statistical analysis that included a test for statistical discrimination or "rational" stereotyping in environments where agents learn over time. The test is used to study the working hypothesis that, because firms have only limited…

This book explores the problem of developing a framework for rethinking human capital information and decision making in light of the economic changes that are currently occurring in many Organisation for Economic Cooperation and Development countries. It examines human capital information and decision making in the context of recent developments…