What is the Relationship Between Human Capital Investment and Wage Rate, and What is the Optimal Level of Education?
Cardiff Metropolitan University
MetadataDangos cofnod eitem llawn
Abstract This paper aims to provide a look at how strongly wage is affected by education and to what level individuals should undergo education. Using other important variables, I take into account endogeneity and other problems that arise with wage and education levels. Results show that there is an indication for a strong positive relationship between human capital and wage level, and that through individual interpretation of the results an optimal education point can be discovered.
BScEcon Hons International Economics and Finance