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Chapter 9
Investments in Human Capital: Education and Training
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Figure 9.1 The Optimum Acquisition of Human Capital
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Figure 9.2 Alternative Earnings Streams
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Figure 9.3 Money Earnings (Mean), for Full-Time, Year-Round Male Workers, 1999
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Figure 9.4 Money Earnings (Mean), for Full-Time, Year-Round Female Workers, 1999
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Figure 9.5 Investment in On-the-Job Training over the Life Cycle
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Figure 9.6 The Increased Concavity of Women’s Age/Earnings Profiles
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Figure 9.7 The Benefits to Workers of Educational Signaling
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Figure 9.8 The Lifetime Benefits and Costs of Educational Signaling
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Figure 9.9 Requiring a Greater Signal May Have Costs without Benefits
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Figure 9A.1 The Labor Market for Engineers
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Figure 9A.2 The Labor Market for Engineers: A Cobweb Model
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Figure 9B.1 Indifference Curves for Two Different Workers
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Figure 9B.2 Isoprofit Curves for Two Different Firms
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Figure 9B.3 The Education/Wage Relationship
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Figure 9B.4 Unwillingness of a Firm to Pay for More Education of Employees
