Thursday, June 26, 2008

Greg Mankiw's Blog: Wanted: More skilled workers

Greg Mankiw's Blog: Wanted: More skilled workers --- Mr Think Lilke BrainDrain, if brain direct people to have better life, we would able to chew over our choice of Nut v Shell or both-- and Mr. SealYourLips – Silence is the beauty of speaking, Stinking beauty is to clean

Human Capital- by Gary S. Becker

...Education and training are the most important investments in human capital. Many studies have shown that high school and college education in the United States greatly raise a person's income, even after netting out direct and indirect costs of schooling, and even after adjusting for the fact that people with more education tend to have higher IQs and better-educated and richer parents. Similar evidence is now available for many years from over a hundred countries with different cultures and economic systems. The earnings of more educated people are almost always well above average, although the gains are generally larger in less developed countries...

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Solow growth model

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