Find the value of q such that Aisha is indifferent between going or not going to school for an extra year. Provide an intuition for your finding.
Question 3 A common way to measure human capital per worker is to suppose it is a function of schooling, namely h(s) = e” where s is years of schooling and q is a parameter. Let the income of a person with human capital h be W h. a) Suppose Aisha is a representative worker […]