LABOR ECONOMICS (LL+ACCESS)
8th Edition
ISBN: 9781264909339
Author: BORJAS
Publisher: MCG
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Question
Chapter 7, Problem 2RQ
To determine
The implication of general and specific training for the worker’s age-earnings profile.
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Students have asked these similar questions
Discuss the difference between general training and specific training. Who pays for and collects the returns from each type of training?
Discuss how upward-sloping age-earnings profiles can elicit more effort from workers.
Why can welfare programs, if not managed correctly, create work disincentives?
Chapter 7 Solutions
LABOR ECONOMICS (LL+ACCESS)
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Similar questions
- Why do welfare programs create work disincentives?arrow_forwardHow is the market-compensating wage differential between safe jobs and risky jobs determined? Which type of job will offer a higher wage?arrow_forwardDiscuss 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_forward
- How does workforce demographic shifts affect compensation?arrow_forwardidentify two major trends in the changing demographics of the workforce.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_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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