Does education really help?

Does education really help?

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qThe last three decades have brought disturbing news with regard to living standards and inequality in the United States. In response to these trends, a consensus formed in Washington that greater schooling and skill improvement would lead to higher wages and enhanced productivity in the workplace. Some believed that a more equal distribution of income would ensue from a more equal distribution of human capital. Others put their faith in the Information Technology revolution to re-ignite worker pay. Paradoxically, however, educational attainment and worker skills have risen as rapidly since the early 1970s as during the quarter century before; dispersion in schooling levels has plummeted more sharply, and computer investment has skyrocketed. This book analyzes the sources of these conundrums.q--BOOK was 1.05 years between 1950 and 1970 and 0.69 years from 1970 to 2000. ... 4.3.3 Investment in OCA My measure of IT capital is the stock of office, computing, and accounting equipment (OCA) in 2000 dollars, which is shown in the capital ... and figure 4.4 show that investment in OCA per PEP grew almost 40 -fold between the 1950s and the 1990s, from $8 (in 2000 dollars) per PEP to $289.

Title:Does education really help?
Author:Edward N. Wolff
Publisher:Oxford University Press, USA - 2006-04-25


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