The Economics of Human Resources

abilities according analysis appear in Table assumed assumption average number capacity capita income capital intensity cation characteristics coefficients column conclusion considered consumption consumption function data in Table demand for education demand for labor determined deviations Economic Growth economic theory educa educational system enrollment equations 14 estimate evolution example exists Explained in text factors final equilibrium growth formula function of education Harrod-Domar model Hence increase influence initial equilibrium growth inputs intellectual investment labor force means method n³N nomic number of persons number of students number of teachers number of workers observed occupations output parameters perfect competition period zero physical capital policy maker population possible problem production function proportion of persons qualified labor qualified personnel reduced reference relationship Sample Statistics savings socio-economic Source statistical structure Subsection Table XIII-2-1 teachers/students ratios technical level tion total number transition period v₁ values variables