Human Capital

Why read it

• You will understand why education and training are treated as investments with measurable effects on earnings and employment
• You will see how families shape children's skills and habits, for better or worse, as an investment in their future
• You will learn why a large share of income growth is left unexplained by machines and workers, and how education and skills help explain it

Who it is for

• A student deciding whether more schooling is worth the cost
• A parent wondering how much early investment shapes a child
• An HR leader judging the return on training budgets

Contents

1. Preface to the Third Edition
2. Preface to the First Edition
3. I. Introduction to the Second Edition
4. Introduction to the First Edition
5. 1. Introduction
6. 2. Education and Training
7. 3. Human Capital and the Family
8. 4. Human Capital and Economic Development
9. 5. Conclusions
10. Part One: Theoretical Analysis
11. Part Two: Empirical Analysis
12. Part Three: Economy-Wide Changes
13. Introduction
14. B. Mathematical Discussion of Relation Between Age, Earnings, and Wealth
15. Author Index

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