Human Capital Management White Papers

Optimal Tax and Education Policies and Investments in Human Capital

Overview As its title suggests, this paper deals with public policies and the incentives to invest in human capital. Mincer, Schultz and Becker were the founding fathers of human capital theory. In the theory of human capital, individuals maximize their welfare by choosing education levels and training programs such that the marginal costs, in the form of direct expenditures on education (instruction costs, tuition fees, school buildings, computers, et cetera) and indirect costs (foregone wage incomes while enrolled in education or training should be equalized to the marginal value of material benefits (higher wages) and non-pecuniary benefits (well-being, academic development, status).

Further White Paper Details
PublisherUniversity of Amsterdam File FormatPDF
Date PublishedMay 2005 Downloads61
FormatWhite Papers   
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