Private net returns to education could be negative. Use the data in Figure 17.3 on human capital

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Private net returns to education could be negative. Use the data in Figure 17.3 on human capital investment discussed in this chapter to show how this can be the case. Why might this be the case?

Figure 17.3

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Development Economics

ISBN: 9780321464484

1st Edition

Authors: Gérard Roland

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Question Posted: Nov 24, 2023 10:07 PM

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Private net returns to education could be negative. Use the data in Figure 17.3 on human capital

Question:

Earnings S Private costs - Externalities h₂ Foregone earnings h₁ Private benefits Government expenditures Age

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The data in Figure 173 shows that private net returns to education could be negative This is because the private costs of education forgone earnings such as the amount of money a student could have ea...View the full answer

Development Economics

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