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SebKom SebKom
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6 years ago
Suppose that it costs $15,000 per year to obtain a four-year college education.  Assume that the real interest rate is 5% and that there are 45 years beyond college graduation during which an individual will work.  What after-tax returns on the investment are necessary to justify making the investment on purely monetary grounds?  If the post-schooling period were changed by 5 years in either direction, how would your calculation change? What does the latter exercise show?
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
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MattVMattV
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6 years ago
this is exactly what I needed
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