The economic model of Human Capital Investment assumes that individuals choose their path through post-secondary education based solely on which path will provide them with the highest lifetime income. In reality, individuals often choose a path through post-secondary education that does not maximize their lifetime income, as a result of various factors. Consider Alex, an individual whose path through post-secondary education did not maximize their lifetime income. For each of the following potential reasons, construct a brief story that relates that reason to Alex's choice of post-secondary education. a) Utility/disutility from education b) Relationship between job satisfaction and education c) Uncertainty of different income streams d) Difficulty of financing human capital investments.

1. The economic model of Human Capital Investment assumes that individuals choose their path
through post-secondary education based solely on which path will provide them with the highest
lifetime income. In reality, individuals often choose a path through post-secondary education that
does not maximize their lifetime income, as a result of various factors.
Consider Alex, an individual whose path through post-secondary education did not maximize
their lifetime income. For each of the following potential reasons, construct a brief story that
relates that reason to Alex's choice of post-secondary education.
a) Utility/disutility from education
b) Relationship between job satisfaction and education
c) Uncertainty of different income streams
d) Difficulty of financing human capital investments