According to proponents of human capital theory, education
A) increases a worker's productivity.
B) identifies more productive workers for employers, but does not directly increase productivity.
C) should result in all workers with college degrees earning more than all workers who hold only high school diplomas.
D) is an investment with primarily higher returns and lower risks than those available through investments in physical or financial capital.

Question

Quizplus · Accepted Answer

According to human capital theory, education increases a worker's knowledge, skills, and abilities, thus increasing their productivity. This increased productivity leads to higher wages and better job opportunities.

According to Proponents of Human Capital Theory, Education