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Peregrinus Peregrinus
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6 years ago
What is the internal rate of return on an investment in human capital? Suppose the internal rate of return on a particular investment in human capital is 10%.  Kate has a discount rate of 5%, and William has a discount rate of 15%.  Which individual undertakes the investment in human capital?  Explain why.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
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ShadiasShadias
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