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In the context of general training, suppose Bella's wage profile w(x) coincides with (i.e.lies on top of) her net productivity profile v(x) In this case,
In the context of general training, suppose Bella's wage profile w(x) coincides with (i.e.lies on top of) her net productivity profile v(x) In this case, the firm exploits Bella. the firm invests in Bella's human capital. Bella invests in her own human capital. Bella and her employer share the costs and returns to the training investment
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
