After an introduction to the fundamental elements of human capital theory, I will define the characteristics of general and specific human capital, and show who pays for and yields the benefits from investment in each component. I will then proceed to explain why understanding the magnitude of the rate of return in terms of wealth is imperative, both theoretically and practically. After I develop testable hypotheses, I will introduce the data set to be used, and present my model. Finally, I present the regression results, and provide a direction for future research in this area.
"The Role of Human Capital in Wealth Accumulation,"
University Avenue Undergraduate Journal of Economics: Vol. 4:
1, Article 5.
Available at: https://digitalcommons.iwu.edu/uauje/vol4/iss1/5