Human capital investment in resources‐dominated economies
- 1 May 1994
- journal article
- research article
- Published by Taylor & Francis in Society & Natural Resources
- Vol. 7 (3) , 221-233
- https://doi.org/10.1080/08941929409380861
Abstract
The paper relaxes the perfectly competitive market assumptions of human capital theory to derive hypotheses about the impacts of imperfect markets on incentives to invest in human capital, particularly education. The paper then draws on existing studies to test whether the hypotheses are supported or not for resources‐dominated economies. Because of imperfect markets, individuals may make human capital decisions that lead to poverty.Keywords
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