The idea that people who invest more in their schooling, on-the-job training, and work experience are paid more is known as ________ theory.

Question

Quizplus · Accepted Answer

The theory that people who invest more in their schooling, on-the-job training, and work experience are paid more is known as human capital theory. This theory suggests that individuals who acquire more skills, knowledge, and experience throughout their education and career will have higher earning potential than those who do not invest as much in their human capital.

The Idea That People Who Invest More in Their Schooling