Lartigue-Mendoza, Jacques; Domínguez, Salomón - In: Revista finanzas y política económica 15 (2023) 1, pp. 67-104
model predicts two benchmark human capital gross returns and their corresponding wages, by levels of education. Below the … second one, human capital coming from formal education vanishes over time, due to investment not being enough to offset its … depreciation; below the first one, workers stop investing in education. Unfortunately, around 40% and 20% of Mexican workers are …