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1. What fraction of wages is the result of human capital for a worker who has 12 years of education? You should use the same

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1. What fraction of wages is the result of human capital for a worker who has 12 years of education? You should use the same returns as the figures presented in class or on page 162, Chapter 6 of the Weil text. 2. The highest levels of education among the adult (age 25 and over) population in the United States in 2010 were no schooling, 0.4%; partial primary, 0.8%; complete primary, 1.9%; incomplete secondary, 6.7%; complete secondary, 36.2%; incomplete higher, 22.4%; and complete higher, 31,6%. Using the methods discussed in class and on p. 162 of the Weil text, calculate the fraction of wages that represented return to human capital

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