Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take advantage of better job opportunities are clear examples. Earnings foregone by mature students attending school and by workers acquiring on the-job training are equally clear examples.


p. 1 - "Investment in human capital," 1961

Theodore Schultz Quotes

Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take...

Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take...

Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take...

Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take...