1.Your friend who got a job right out of high school and did not go to college or university says that the benefit of education is overrated.They go on to state that while you pay for your education it is the companies you work for who get all the benefits.

a.Based on Age vs Earnings profiles in the text do you agree with this statement? Yes, or No. Explain why.

b.When it comes to an individual student life, from say age 18 to age 65 what are the costs of education, and what are the benefits. Explain.

In that age range there are many costs and opportunity costs to recognize. One being the actual cost of the education. You have tuition, books, supplies and potentially parking, a meal plan and housing costs if you need to move closer to a school. The opportunity cost also needs to be recognized as

c.Both the Human Capital Theory model and the Screening Model/Job Competition Model conclude that more education leads to higher earnings. Explain how these two models differ in explaining why?