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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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- Fall '11
- life time, individual economic agents, Human Capital Investment, higher education. Preparedness, Inequality – disparity