Why do some people earn more than others? Economists focused on the importance of education, basic skills, and work experience – what they called human capital – on increased productivity, and said these were reflected in greater earning power. Researchers also found that self‐esteem was instrumental in acquiring human capital. Describe the theoretical framework Design a study for the above role.

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Human capital is a measure of skills education capacity and earning potential It decides the human c... View the full answer