Instruction: Answer ALL questions. Your answer should be based on the article/ case study provided.

Article: Mincer J. Human Capital and the Labor Market: A Review of Current Research. Educational Researcher. 1989;18(4):27-34. ( https://www.jstor.org/stable/1176648?seq=1 )

Question 1

Based on the article, explain the effects of investment in human capitalon

a)Wage structure

b)labour turnover

c)Labour demand

(15 Marks)

Question 2

Discuss the impact of technological change on

d)Wage

e)Productivity

f)Labour turnover

g)Unemployment

(20 Marks)

Question 3

What are the characteristics of workers who are more likely to receive training? Explain each of the characteristic.

(15 Marks)