Briefly review the empirical evidence on the returns to schooling, which pertains to the human capital model. Describe in general terms the age-earnings profiles of workers who hold only an elementary school education, those who hold a high school diploma, those who hold some
post-secondary education, and university-educated workers. Has the evidence indicated that investment in human capital is subject to diminishing returns?

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The Answer of Briefly review the empirical evidence on the returns to schooling, which pertains to the human capital model. Describe in general terms the age-earnings profiles of workers who hold only an elementary school education, those who hold a high school diploma, those who hold some
post-secondary education, and university-educated workers. Has the evidence indicated that investment in human capital is subject to diminishing returns?

Briefly Review the Empirical Evidence on the Returns to Schooling