Reference no: EM133064338

Labor market class: 

1. Carefully explain how the following hypothetical situations would affect the cost-benefit calculation of going to college:

1. It is increasingly the case that fall-time undergraduate students need 5 years to finish all of the requirements for a bachelor's degree.
2. The real earnings of college-trained workers increase while those for high school-trained workers decrease

2. It is claimed that employers are reluctant to hire women for some jobs because of their higher expected quit rates. Assuming women are more likely to quit, use human capital theory to explain what kind of jobs an employer would be especially reluctant to hire women for. Explain the reasons for the employer's reluctance. How valid do you think such employer assumptions about women are today?