Labor Economics
7th Edition
ISBN: 9780078021886
Author: George J Borjas
Publisher: McGraw-Hill Education
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Question
Chapter 6, Problem 11RQ
To determine
Explain the general and specific training and its implication for the workers’ age earning profile.
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Discuss the difference between general training and specific training. Who pays for and collects the returns from each type of training?
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- Discuss the view that the specificity of the on-the-job training does not matter in the choice of who bears the cost of on-the-job training.arrow_forwardWhen would you see the greatest gain if there is a compensating differential built into your salary? The differential is for a negative risk that you care about more than most people do. The differential is for a large negative risk that you don't care about as much as most people do. The differential is for a positive job aspect that you don't care about as much as most people do. The differential is for a slightly positive job aspect that you care about more than most people do.arrow_forwardidentify two major trends in the changing demographics of the workforce.arrow_forward
- Reframe the theory of employment discrimination in light of behavior over time data.arrow_forward"Discuss the Implications of Employer Discrimination for the Hiring Decisions of the Firm."arrow_forwardDue to there being discrepancies between the productivity and resource offerings (i.e., education, skills, experience) in labor markets, is it justified for one employee with a higher marginal revenue product to earn a higher wage than an employee with a lower marginal revenue product?arrow_forward
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