Sufficient conditions for an optimal path of human capital

Reference no: EM131135853

Verify that Theorems 7.13 and 7.14 from Chapter 7 can be applied to the Ben-Porath and lead to (10.14) as necessary and sufficient conditions for an optimal path of human capital investments. [Hint: use a similar argument to that in Section 7.7 in Chapter 7.]

Reference no: EM131135853

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