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In the context of general training, suppose a worker's wage profile coincides with (that is, lies on top of) their net productivity profile. In this
In the context of general training, suppose a worker's wage profile coincides with (that is, lies on top of) their net productivity profile. In this case, the firm exploits the worker. the firm invests in the worker's human capital. the worker invests in their own human capital. the worker and their employer share the costs and returns to the training investment
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
