Human capital, economic growth, and income distribution: Three essays on human capital

Essay one is concerned with how and why an individual invests in human capital and how tax policy affects investment in human capital. We examine optimal investment in human capital and the effect of tax policy on human capital formation, and test several hypotheses derived from the theory using U.S. time-series data. Investment in human capital in terms of college enrollment rates is positively related to family income, rate of return to human capital, and unemployment rates, while it is negatively related to educational cost, and rate of return to physical capital. In addition, the average income tax rates show a negative effect on college enrollment rates.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Kwag, Chang Gyu

Contributors dc:contributor

• McMahon, Walter W.

• Economics, General
• Economics, Theory

Statement dc:rights

• Copyright 1991 Kwag, Chang Gyu

Language dc:language

eng

Identifier

AAI9210880
(UMI)AAI9210880

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/20768