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Investment in Human Capital and the Appropriate Discount Rate

IDEAS Working Paper Series from RePEc, 1971

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  • Title:
    Investment in Human Capital and the Appropriate Discount Rate
  • Author: Renas, Stephen ; Cebula, Richard
  • Found In: IDEAS Working Paper Series from RePEc, 1971
  • Subjects: Ideas.Repec.Org/P/Pra/Mprapa/51265.Html
  • Language: English
  • Description: This study develops a theory of investment in human capital which rests on the assumption that an individual will choose to remain in school if the present value of the future income stream associated with additional education exceeds that associated with the present level of education. The paper hypothesizes...

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