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Econ152 Lec11 Education and Human Capital Cheat Sheet (DRAFT) by

This is a draft cheat sheet. It is a work in progress and is not finished yet.

3 Views:­Edu­cation

Human capital
education increase produc­tivity
signaling
show they are smart
selection
no impact

Human Capital Theory

Fundam­ental tradeoff:
1. More schooling generates human capital and therefore higher­ear­nings later
2:But there is an opport­unity cost: Foregone earnings while inschool