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Durango Travel on, skills and knowledge), and how people choose to invest in their human capital. Becker argues that people will invest in their skills when the net present value of the future benefits of the investment exceeds the net present value of the costs. This work has been the foundation for research in education, on-the-job training, job search, migration, and wage inequality. Becker was born in Pottsville, Pennsylvania, and grew up in Brooklyn, New York.
He received his undergraduate degree from Princeton University and earned a Ph.D. in economics from the University of Chicago; his dissertation addressed the economics of discrimination. Durango Travel 2016.