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CHAPTER IION HUMAN CAPITAL
economic growth and returns to education
7 other sections not shown
argued assumptions Aukrust Becker calculations capital measurements capital stock chapter considered consumption demand curve demand for education Denison Economic Growth educational planning educational system effect engineers enrolment ratios especially estimates evidence example expenditure forecasts graduates higher education human capital important income differentials increase individual influences inputs investment in education Jorgenson and Griliches labour force level of education lifetime earnings manpower planning manpower requirements marginal product neoclassical occupational OECD opportunity cost output Parnes perfect competition period physical capital Plowden Report problem production function projections proportion rate of return relative Residual Factor returns to education returns to investment Robbins Report school leaving age secondary sector shortage skills social class social demand social rates social returns socio-economic statistical stock and flow studies supply technical change technical progress theory total factor productivity trends Uganda Vaizey variables various voluntary enrolments wages