Labor Economics Commons^™

Investing In America's Workforce 2017, Brad J. Hershbein

Brad J. Hershbein

From the Day 3 Plenary Lunch of the Fed's Capstone Conference in Austin, TX -- Expanding the Capacity to Invest: Policy, Transparency and Accountability. Investments for workforce development require a foundation of institutional supports that will ensure accountability. This panel, representing diverse perspectives from the public, private and nonprofit sectors, explored the institutions, policies and norms needed to establish, reinforce and facilitate new and increased investments.

Diferencias Territoriales En El Retorno A La Educación En Chile: Evidencia Para Las Regiones Del Biobío Y Metropolitana, Genaro Candia, Andres Acuña

Andrés A. Acuña

Talent 2025: Assessment Of The West Michigan Talent Development System, George Erickcek, Brian Pittelko, Bridget Timmeney, Brad Watts

George A. Erickcek

No abstract provided.

Employment Relations And Wages: What Can We Learn From Subjective Assessments?, Marta Lachowska

Marta Lachowska

This paper studies the link between hourly wages and workers’ subjective assessments of how easy it would be to find another job as good as the present one, and how easy it would be for an employer to replace an employee. First, using high-quality data, I study the correlates of these two assessments. Second, I study whether respondents who report better outside opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with predictions of at least three theoretical frameworks: human capital theory, search theory, and a “locus of control” model.

Dislocated Worker Human Capital Depreciation And Recovery, Kevin Hollenbeck

Kevin Hollenbeck

Previous studies have estimated the "human capital depreciation" of women re-entering the work force after voluntary, lengthy interruptions. Those studies have found reduced real wages and furthermore the decrease is positively related to the length of the interruption. Upon re-entry, however, real wages grow rapidly as human capital is restored. This paper develops a model of the wage histories of dislocated workers. Similar to labor force re-entrants, those dislocated workers who become re-employed would experience wages below their final wage prior to dislocation and the decrease should be associated with the length of dislocation. However, the model suggests that since …

Return On Investment In Workforce Development Programs, Kevin Hollenbeck

Kevin Hollenbeck

Under more and more fiscal scrutiny because of shrinking state and local budgets, workforce development programs are being asked to estimate their return on investment (ROI). This paper introduces basic concepts of ROI in workforce development programs. It distinguishes ROIs estimated for workforce programs from those that are estimated for financial investments or capital projects. The paper furthermore exposits the basic ingredients of an ROI study—identification of the treatment and time periods of analysis, identification of the net impacts of the program, and identification of net costs. Finally, the paper presents results from the estimation of the ROI for postsecondary …

Human Capital Index Series, Vicente German-Soto

Vicente German-Soto

Database of Human Capital index for the Mexican States, 1960-2008.

Review Of The Book Essays In Labor Market Analysis, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Yochan Peter Comay was an Israeli economist who received his Ph.D. from Princeton in 1969. His career was tragically cut short in October 1973 when he was killed during the Yom Kippur War. Comay's research focused on bargaining models, investment in human capital, and analyses of migration. To honor him, Orley Ashenfelter and Wallace Oates have gathered together a collection of eleven essays written by his former colleagues and friends in both the United States and Israel, which faithfully reflect these interests. Included are two essays on aspects of bargaining theory, four relating to job satisfaction, work effort and …