Asked by Joycelyn Acheampong on Jul 21, 2024
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Given the amount of time and other costs of investing in human capital that it takes to earn a Ph.D., why are college professors paid less than other occupations that require similar or lesser amounts of human capital?
Human Capital
The abilities, understanding, and expertise held by a person or a group, considered in terms of their economic or value worth to a company or nation.
Ph.D.
A Doctor of Philosophy degree, a postgraduate academic degree awarded by universities.
College Professors
Faculty members at colleges and universities responsible for teaching courses, conducting research, and participating in academic service.
- Acquire knowledge on how employment discrimination impacts economic outcomes.
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Learning Objectives
- Acquire knowledge on how employment discrimination impacts economic outcomes.
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