Abstract
Most studies of investment in human capital including Becker [1964], Ben Porath [1967], and Mincer [1974], measure the rate of return on such investment by the increment to the individual's future income. Although several writers in the field of labor economics note the difference between the individual and social rates of return on investment in human capital, most analytical models disregard it; consequently the social rate of return has not received the treatment it deserves.
| Original language | American English |
|---|---|
| Pages (from-to) | 547-557 |
| Journal | International Economic Review |
| Volume | 21 |
| Issue number | 3 |
| State | Published - 1980 |