1.Differentiate between general training and specific training investment for employees. Which type of training will employers be more likely to provide for their workers, and why?

2.What are the implication of the theory of training investments on layoff behavior of firms, on labor productivity over the business cycle, and minimum wage effects on the training investments provided by firms?

3.Under the topic of hiring investments of firms, discuss the nature and respective roles of the use of credentials (or signals) and internal labor markets in hiring workers. Discuss the major benefits and costs of these types of arrangements.

4.Discuss the major trends in labor force participation and hours of work, especially relating to the changes for men versus those for women.