What are some of those measurable worker characteristics

Assignment Help Microeconomics
Reference no: EM13882656

A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate whethe r more job training makes workers more productive. However, rather than having data on individual workers, you have access to data on manu- facturing firms in Ohio. In particular, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output).

(i) Carefully state the ceteris paribus thought experiment underlying this policy question.

(ii) Does it seem likely that a firm's decision to train its workers will be independent of worker characteristics? What are some of those measurable and unmeasurable worker characteristics?

(iii) Name a factor other than worker characteristics that can affect worker productivity.

(iv) If you find a positive correlation between output and training, would you have con- vincingly established that job training makes workers more productive? Explain.

Reference no: EM13882656

Questions Cloud

What are the challenges in hiring : What are the Challenges in Hiring.What are the key performance characteristics.Determining which characteristics are important for performance.Measuring the performances What is the applicant's ability and motivation required.
Using the dollar value lifo retailmethod : Calculate the inventory value at the end of the year using the dollar value LIFO retailmethod.
Does the article remind you of any personal experiences : Share about why this topic interests you. Does the article remind you of any personal experiences? Please describe any other connections you have made to personal observations of others or their experiences
What are the two types of documents or reports : What are the two types of documents or reports are likely to trigger the conversion process?
What are some of those measurable worker characteristics : Does it seem likely that a firm's decision to train its workers will be independent of worker characteristics? What are some of those measurable and unmeasurable worker characteristics?
Differentiate between the role of engineering : Differentiate between the role of engineering and the research and development department.
Nh4cl from hess''s law method : If ?T for reaction 1 is determined to be 12.6º C and if ?T for reaction 2 is determined to be 0.6º C, what is the ?H value obtained for NH3  +  HCl  -› NH4Cl from Hess's Law method?
What is the importance of supervision? : What is the importance of supervision?
Differentiate between a bill of materials and an operations : Differentiate between a bill of materials and an operations list.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd