Question
A) Why is education level such a strong variable in a typical worker's human capital earnings function and the age-earnings profile? How might the human
A) Why is education level such a strong variable in a typical worker's human capital earnings function and the age-earnings profile? How might the human capital investment (the dominant) view contrast to the screening, signaling and ability hypotheses (to explain the connection of education to earnings)?
B) What is the "college/high school earnings premium"? How has this altered the human capital investment decision of individuals who are weighing the potential, long-run benefits vs. costs of higher education? How might it alter a college student's choice to work (or not) at a paid job WHILE they are enrolled in college (classes)?
C) In labor markets that are purely competitive (P.C.), in one occupation the wage rate is rising while the equilibrium quantity of labor input (QL,employees*hours) hired is also rising, while in a different occupation the wage is also rising but the equilibrium QLis falling -- what must be happening to the labor demand and/or supply in these markets?
D) In a recent media story, a professor (not yours!) was quoted saying, "ironically, if the coronavirus continues to spread, companies may try to accelerate theautomation of some jobs(Links to an external site.)
so they don't have to depend on workers" -- use labor demand theory to justify or counter this statement.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started