Labor Economics: Theory, Institutions, and Public Policy

By Ray Marshall; Vernon M. Briggs Jr. | Go to book overview

CHAPTER 9
The Economics of Education and Training: Empirical Evidence

EMPIRICAL EVIDENCE

The preceding chapter presented the theoretical arguments over the relationship between education, productivity, and income. Before presenting our own conclusions on this controversy, it is useful to look at the mounting empirical evidence from scholars who have analyzed this issue.

On the positive side, a number of attempts have been made to avoid the problems created by confusing years of schooling with educational attainment. Studies that measure the relationship between basic educational skills or competitiveness regardless of years of schooling have found strong positive relationships with various economic and social indexes. For example, Berlin and Sum have compiled evidence that individuals with basic skills do better in school work, have higher self-esteem, and are more likely to complete additional years of school, obtain a high school diploma, go on to college, complete college, work more hours, earn higher wages, enter into marriage, and be more productive workers. At the same time, those without good basic skills "will more likely be school dropouts, teenage parents, welfare dependent, or criminally involved."1

Just as an individual's income and quality of life improve with added investment in human capital, so too, many have argued, human resource development has a major influence on the income and quality of life of the entire society. Logically, human resource development is important to economic performance and competitiveness in an internationalized information world because all the keys to competitiveness in such a world -- productivity, efficiency, quality, flexibility, and innovation -- depend on well-educated, well-trained people. Countries with limited physical resources, like Germany and Japan, have enjoyed superior economic performance because they have been forced to develop their human resources. Indeed, Pacific Rim countries like Korea, Taiwan, and Singapore have given very high priority to education and human

____________________
1
Gordon Berlin and Andrew Sum, "American Standards of Living, Family Welfare and the Basic Skills Crisis," Speech delivered at a Conference of School and Employment and Training Officials, sponsored by the National Governors Association and the Chief State School Officers, December 1986, p. 2.

-211-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Labor Economics: Theory, Institutions, and Public Policy
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 658

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.