1. Copyright © 2009 Pearson Education, Inc. Chapter 9 Investments in Human Capital: Education and Training

2. Copyright © 2009 Pearson Education, Inc. 9- 2 Figure 9.1: The Optimum Acquisition of Human Capital

3. Copyright © 2009 Pearson Education, Inc. 9- 3 Figure 9.2: Alternative Earnings Streams

4. Copyright © 2009 Pearson Education, Inc. 9- 4 Table 9.1: Changes in College Enrollments and the College/High School Earnings Differential, by Gender, 1970-2004

5. Copyright © 2009 Pearson Education, Inc. 9- 5 Figure 9.3: Money Earnings (Mean) for Full-Time, Year-Round Male Workers, 2005

6. Copyright © 2009 Pearson Education, Inc. 9- 6 Figure 9.4: Money Earnings (Mean) for Full-Time, Year-Round Female Workers, 2005

7. Copyright © 2009 Pearson Education, Inc. 9- 7 Figure 9.5: Investments in On-the-Job Training over the Life Cycle

8. Copyright © 2009 Pearson Education, Inc. 9- 8 Table 9.2: Labor Force Participation Rates, Part-Time Employment Status, and Hours of Work in the United States, by Gender (2005)

9. Copyright © 2009 Pearson Education, Inc. 9- 9 Figure 9.6: The Increased Concavity of Women’s Age/Earnings Profiles

10. Copyright © 2009 Pearson Education, Inc. 9- 10 Table 9.3: Percentages of Women among College and University Graduates, by Degree and Field of Study, 1971 and 2004

11. Copyright © 2009 Pearson Education, Inc. 9- 11 Table 9.4: International Comparisons of Schooling, 2002-2003

12. Copyright © 2009 Pearson Education, Inc. 9- 12 Figure 9.7: The Benefits to Workers of Educational Signaling

13. Copyright © 2009 Pearson Education, Inc. 9- 13 Figure 9.8: The Lifetime Benefits and Costs of Educational Signaling

14. Copyright © 2009 Pearson Education, Inc. 9- 14 Figure 9.9: Requiring a Greater Signal May Have Costs without Benefits

15. Copyright © 2009 Pearson Education, Inc. Appendix 9A A “Cobweb” Model of Labor Market Adjustment

16. Copyright © 2009 Pearson Education, Inc. 9- 16 Figure 9A.1: The Labor Market for Engineers

17. Copyright © 2009 Pearson Education, Inc. 9- 17 Figure 9A.2: The Labor Market for Engineers: A Cobweb Model

18. Copyright © 2009 Pearson Education, Inc. Appendix 9B A Hedonic Model of Earnings and Educational Level

19. Copyright © 2009 Pearson Education, Inc. 9- 19 Figure 9B.1: Indifference Curves for Two Different Workers

20. Copyright © 2009 Pearson Education, Inc. 9- 20 Figure 9B.2: Isoprofit Curves for Two Different Firms

21. Copyright © 2009 Pearson Education, Inc. 9- 21 Figure 9B.3: The Educational/Wage Relationship

22. Copyright © 2009 Pearson Education, Inc. 9- 22 Figure 9B.4: Unwillingness of a Firm to Pay for More Education of Employees