If you think education’s expensive, try ignorance! —Derek Bok

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Presentation transcript:

If you think education’s expensive, try ignorance! —Derek Bok Chapter 6 Human Capital If you think education’s expensive, try ignorance! —Derek Bok

Educational Attainment by Selected Characteristic:2003(Persons 25 and older)

Mean Earnings by Highest Degree Earned:2002

Alternative Earnings Streams

Wage-Schooling Locus

Optimal Stopping Rule

Optimal Stopping Rule

Optimal Stopping Rule

Rate of Return to Schooling

Wage-Schooling Locus

Wage-Schooling Locus

Mean Annual Earnings for Full-Time Full Year Male Workers,2004

Mean Annual Earnings for Full-Time Full Year Female Workers,2004

Post-schooling Investment

Summary

Summary

Summary

Summary

Summary

Summary

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