The objectives of this research project were to seek economic theory under which the rate of return and manpower requirement approach are logically consistent with one another and to use this to interpret and explain the empirical results in Indonesia. The rate of return analysis was conducted...

This study consists of basic research on rates of return to higher education in Indonesia. Four different techniques to estimate rates of return are employed: the pure internal rate of return, the Mincer earnings function, the Cobb-Douglas production function, and the nested-CES production...

Includes bibliographical references (p. 17).

The central theme of this thesis is the role of human capital as a major source of economic growth and reduced inequality of personal income distribution. This thesis develops a model of economic growth based upon human capital theory and the "capital-skill complementarity hypothesis". Using a...

The central focus of this research is to explore the role of human capital as a source of economic growth in Korea. This paper considers the relation of education to per-capita growth in the medium term in seven East-Asian countries. This includes in addition to basic education the relation of...

Essay one is concerned with how and why an individual invests in human capital and how tax policy affects investment in human capital. We examine optimal investment in human capital and the effect of tax policy on human capital formation, and test several hypotheses derived from the theory using...

This paper estimates the effects of human capital skills created through education on life’s chances over the life cycle. Educational qualifications as a measure of these skills increase earnings, and generate private and social non-market benefits beyond earnings. Private non-market benefits...

This is a brief summary of the conceptual framework and prior empirical findings about the external social benefits of higher education. It is followed by a brief summary of the 8 new papers in this Special Issue of the Journal of Education Finance edited by McMahon and Delaney and their...

This paper provides a conceptual framework for the articles that follow in this special issue of the Journal of Education Finance by exploring how the external social benefits of higher education contribute to higher sustainable rates of per capita development of families and nations. It...

Human capital contributes to both labor market and non labor-market outcomes. In this paper, the non-market outcomes set the stage in a dynamic process for further earnings growth later. The scope of the non-market outcomes and the dynamic process are both poorly understood. Both become a source...