ERIC Number: ED069890
Record Type: RIE
Publication Date: 1970
Reference Count: 0
The Application of Cost-Benefit Analysis in Manpower Area.
Barsby, Steven L.
The relative efficiency of various manpower programs as seen through cost-benefit analysis is assessed, and the contribution that cost-benefit analysis has made in evaluating manpower programs is discussed, taking into account a variety of methodologies presented in different studies. Vocational rehabilitation appears to yield the highest benefit-cost ratios, followed by programs involving on-the-job training, vocational education in vocational high schools, out-of-school institutional retraining programs, post-secondary vocational education, Job Corps, and drop-out prevention programs. Comparisons of these activities are hindered by economists' failure to agree on a common methodology for conducting cost-benefit research, the existence of unmeasured benefits and costs, the absence of good cost data, and insufficient economic commitment. Deficiencies in cost-benefit analysis appear to be minimized when the analysis is directed at the internal operation of programs. It is in this direction that cost-benefit analysis particularly needs to be developed. (Author/AG)
Descriptors: Career Development, Citations (References), Cost Effectiveness, Federal Programs, Labor Force Development, Postsecondary Education, Program Descriptions, Program Effectiveness, Program Evaluation, Research Needs, Research Problems, Resource Allocation, Retraining, Secondary Education, Vocational Education, Vocational Rehabilitation
Publication Type: N/A
Education Level: N/A
Sponsor: Arizona Occupational Research Coordinating Unit, Phoenix.
Authoring Institution: N/A