What fraction of wages is due to human capital for worker

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The returns to education are 13.4% per year for the first four years of schooling (grades 1- 4), 10.1% per year for the next four years (grades 5 - 8), and 6.8% per year for education beyond eight years.

What fraction of wages is due to human capital for a worker who has 14 years of education?

What is the ratio of the output per worker (assumed proportional to their wages) of a Country X that has 10 years of schooling to a Country Y that has 7 years of schooling?

Reference no: EM131009693

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What fraction of wages is due to human capital for worker : The returns to education are 13.4% per year for the first four years of schooling (grades 1- 4), 10.1% per year for the next four years (grades 5 - 8), and 6.8% per year for education beyond eight years. What fraction of wages is due to human capital..

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