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《Population & Economics》 2001-06
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Individual Human Capital Investment Under the Situation of Adverse Selection

HU Yong\|yuan,\ LI Shao\|bin (1.Department of Economics, Xiamen University 2.Department of Statistics, Xiamen University, Xiamen, 361005)  
With self\|payment of university education and the decline of employmen trate for the people with university education, it is surprised to see that individuals' demand of university education investment remains very strong. This paper explained the above question by using game theory of human capital investment urder the situation of adverse selection. This paper ends with the conclusion that creative substitutions of human capital have given rise to lemons' defending reacts and adverse selection in the human capital market, which in turn causes further excessive investment in individual human capital.
【CateGory Index】: F830.59
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