My mother told me that I needed to go to college because it would be the only way I could get a high-paying job. What economic theory would justify her advice?

Question

Quizplus · Accepted Answer

The economic theory that justifies this advice is human capital theory. According to this theory, education and training are investments in an individual's human capital, which can lead to higher productivity and earnings in the labor market. Therefore, going to college can increase an individual's human capital and improve their chances of obtaining higher-paying jobs.

My Mother Told Me That I Needed to Go to College