Calculate the relative human capital per worker

Reference no: EM132196692

Question: Suppose two countries have 4 and 9 years of average schooling respec- tively. Primary schooling makes up the first four years, secondary school- ing makes up the next four and the remaining years make up higher educa- tion. The returns to secondary education are 10% per year and higher ed- ucation are 6% per year. Calculate the relative human capital per worker for the two countries (you can assume that the returns to primary educa- tion are the same in both countries but we are not told what that number is).

Reference no: EM132196692

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