Discuss the implications of general and specific training

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Question: 1. Discuss the implications of general and specific training for the worker's age earnings profile.

2. Why does human capital theory predict that the correlation between earnings and schooling peaks after about 10 years in the labor market?

3. Why are experimental methods now commonly used to evaluate the impact of training programs? Discuss how and under what conditions we can use the results of an experiment to estimate the rate of return to the program.

Reference no: EM132181680

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