Asserts that both efficiency and equity have been used as rationales for governmental support of postsecondary vocational education, but research has been hampered by inadequate data. Finds that postsecondary vocational education has positive effects on individual economic outcomes, but these effects are not found in all target groups. (CFR)

Education in general and specific educational projects fit into the construct of the allocation of investment resources that is basic to economic theory. Two techniques of computing returns to education and education projects are benefit-cost ratios and rates of return, which both rely on measuring costs and benefits. While measuring costs is…

This report discusses diverse economic issues involved in educational reforms aimed at improving economic growth. The focus is on elementary and secondary education in the southeastern United States. After a general overview of the economics of educational reform, section I discusses the issues involved in modeling and estimating the linkages…