The paper draws upon the work of T.W. Schultz to show that human capital theory and labor market adjustments have important implications for investing in people for the 21st Century.

This paper provides a theory that explains the cross-country distribution of average years of schooling, as well as the so called human capital premium puzzle. In our theory, credit frictions as well as differences in access to public education, fertility and mortality turn out to be the key...

Evidence supports the notion that those who grow up to be patient dobetter than those who do not. Parents can inculcate the virtue of delayedgratiÂ…cation in their children by taking the right actions. We study a modelin which parents, for selÂ…sh reasons, invest resources to raise patient...

We propose a strategy to identify the complementarity or substitutability among technology bundles. Under the assumption that alternative technologies are independent, we develop a hypothetical distribution of multiple technology adoptions. Differences between the observed distribution of...

This article analyzes factors related to the rural/urban residence choice of college-educated adults using a unique data set resulting from a 2007 stratified random sample survey of Iowa State University alumni graduating between 1982 and 2006. Rural origin is the most significant predictor of...

This report provides a descriptive overview of the Iowa State University Alumni Survey. In late 2007, 25,000 Iowa State University alumni who received bachelor's degree between 1982 and 2006 were surveyed to obtain information on their career paths, employment status, further education,...

  We hypothesize that hog production can be characterized by complementarities between new technologies, worker skills and farms size.  Such production processes are consistent with Kremer’s (1993) O-ring production theory in which a single mistake in any one of several complementary...