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Unformatted text preview: employers behave, individual economic agents Human capital investment theory applications Rationality balancing costs and benefits (not only monetary) to maximize personal advantage. The benefits costs >= 0. Present value (life time earnings with life time earnings without) >= present value cost Racial differences in attainment Inequality in higher education. Preparedness, social rules and customs, affordability Asians 52.3% (obtaining college degree or more) Whites 29.9% Blacks 19.3% Hispanic/Latino 13.2% Information Access 17:01 17:01...
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This note was uploaded on 10/24/2011 for the course ECON 144 taught by Professor Lisasaunders during the Fall '11 term at UMass (Amherst).
- Fall '11