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Human Capital
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Book description

At a time when governments and policy-makers put so much emphasis on 'the knowledge economy' and the economic value of education, human capital theory has never been more important. However, research in this area is often very technical and therefore not easily accessible to those who wish to use it as a guide to policy formation. This book provides an interface between such research and its potential applications in government, education and business. Reporting on a major research initiative, new findings are presented in a non-technical way on three major themes: measuring the benefits from human capital, applications of the human capital model, and policy interventions. Aimed at academic researchers and professionals concerned with the problems and techniques of human capital theory, it will also be useful for graduate courses on the economics of education to complement standard textbooks.


Review of the hardback:'This is a magnificent book showing how a creative and sophisticated research group can address some of the most pressing theoretical and policy issues using sophisticated empirical approaches. The book is highly readable and should be useful in both courses in the economics of education and labour economics as well as in assisting policy-makers to understand the latest insights on matters that are paramount on the policy agendas of most industrialised countries.'

William Heard Kilpatrick - Columbia University and David Jacks, Stanford University

Review of the hardback:'Not a summary volume nor an exposition of original research, but both! The book covers a huge array of topics in human capital and education, with experts on specific aspects expositing what we know, what the research problems are and what some new contributions have expanded our knowledge.'

Daniel S. Hamermesh - University of Texas at Austin

Review of the hardback:'The book covers an impressively broad spectrum of topics in the economics of education. Learning in schools and at the workplace is covered as well as learning’s impact on a wide variety of outcomes including individual earnings, firm productivity, economic growth, health and the next generation. The authors report their own research findings and put them into the perspective of the international research frontier, yet in a way that makes the book accessible for policy makers and journalists.'

Anders Björklund - Stockholm University

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