Eminent labor economist found that the return to investment

Reference no: EM13696034

An eminent labor economist found that the return to the investment in a Ph.D. in English is negative 10%, yet many people still pursue this degree. Is this irrational behaviour? How can you explain this in terms of human capital theory?

Reference no: EM13696034

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Eminent labor economist found that the return to investment : An eminent labor economist found that the return to the investment in a Ph.D. in English is negative 10%, yet many people still pursue this degree. Is this irrational behaviour? How can you explain this in terms of human capital theory?

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