benjamin5_PPT_09 - Chapter Nine Human Capital Theory...

Info icon This preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 9-1 Chapter Nine Human Capital Theory: Applications to Education and Training Modified from Slides Created by Erica Morrill
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 9-2 Chapter Focus Factors that determine the market rate of return to education Is education economically worthwhile? Is education a predictor of greater productivity? Market signaling and screening Government-funded training programs
Image of page 2
Chapter 9-3 Human Capital Theory Investments are made to improve productivity and earnings Costs incurred with the expectation of future benefits Investment takes place when benefits exceed costs by a significant amount
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 9-4 Costs Direct costs books, tuition Opportunity cost forgone income Private Costs vs Social Costs
Image of page 4
Chapter 9-5 Figure 9.1 Alternative Income Streams Earnings 16 18 22 d Direct costs a Stream A b e Stream B c f Stream C
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 9-6 Age-Earnings Profiles Increase with age but at a decreasing rate Higher for those with more education
Image of page 6
Chapter 9-7 Choosing an Income Stream
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern