Article Abstract:
Econometric models can be used to determine the value of human capital with just a few modifications. A study of education in several countries and levels of technology show that total functional productivity is higher in those countries. Further studies on the impact of technological knowledge on the economy are needed.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
A study was conducted to analyze declines in fertility with education in Brazil. Three assumptions were considered, namely, higher wages reduce fertility, children of the unskilled are more likely to be unskilled, and skilled and unskilled workers are complements in production. A two-point form for the distribution of the cost of education was then used to carry out the analysis. Results indicated a number of limitations on the analysis. The tractable quali-linear utility function implied that fertility was inversely proportional to wages.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
A study was conducted to analyze the state of economics education in the US. The various objectives of economics education were examined. Recommendations on promoting the future of postsecondary economics education were then discussed. Results indicated the need for economics departments to reorganize the Principles of economics courses to allow college gradutes to have a working knowledge of basic economics.
User Contributions:
Comment about this article or add new information about this topic: