Question

Why did you choose to go to college? List your top 3 reasons. Explain which of your reasons involve the utility of the educational experience. Which of your reasons relate to the creation of human capital? Why would you consider investing in your own human capital? Recall that your personal human capital is comprised of education and experience. Do you think an internship would increase your human capital? What experience can you add to your resume including your education that will show an employer the human capital you bring to them? Consider that employers invest in their workers’ human capital. How and why do employers do this?

Answer 1

Reasons why someone chooses to go to college are:

1. To get an additional degree to help fetch better paying jobs
2. To increase skillset and knowledge
3. To become competitive and remain in job market

Reason 1 involves utility of educational experience

Reason 2 involves creation of human capital

One would consider investing in own human capital in order to increase knowledge base and skillset, so as to be able to get higher paying jobs as well as Increase productivity to remain efficient.

Yes, an internship will increase human capital, as an internship helps the individual get a hands on experience in the real world job market and helps increase one's applicability of knowledge and thus gain knowledge and increase efficiency.

High education degrees and internship experience along with different training programs would signal to the employer the human capital an individual brings to them.

Employers invest in their workers' human capital through on the job training programs. They do so in order to increase their worker efficiency and productivity and save money by not having to hire a new candidate at higher cost.