Private higher education has been growing in South Africa, leading to intense concerns about its possible positive and negative effects in the fulfillment of broader goals. This article provides a comparative perspective, examining the experience of Latin American countries on the subject, first regarding the impact of the private sector on issues of access, equity, extension work, research and...

Several papers at this conference have stressed the favorable effect on economic growth of increases in business investment, especially investment in machinery and equipment. The authors of these papers have reminded us that such investment does more than increase the capital stock. Investment also embodies new technologies and may involve externalities that cause the national return to private...

Participants in a public goods experiment receive private or common signals regarding the so-called “point of no return”, meaning that if the group’s total contribution falls below this point, all payoffs are reduced. An individual faces the usual conflict between private and collective interests above the point of no return, while he incurs the risk of damaging everyone by not surpassing the p...

education satisfies the human primary need for knowledge. it is a mean helping to meet other fundamental needs and it facilitates continuance and expedition of community overall development. education provides required skillful labor for modern and traditional devisions and it increases the labor' skills and its production capacities. it is not olny a mean to improve current generation's income...

Funding for graduate medical education (GME) and undergraduate medical education (UME) in the United States is being debated and challenged at the national and state levels as policy makers and educators question whether the multibillion dollar investment in medical education is succeeding in meeting the nation's health care needs. To address these concerns, the authors propose a novel all-paye...

This paper presents evidence that the age structure of the workforce matters for productivity. At first glance, this is unsurprising because standard Mincerian wage regressions show that workers with more schooling and more experience receive higher wages. If workers earn their marginal product, then the wage differential described by the Mincer evidence is a measure of the productivity differe...