Which one of the following helps to explain the observed relationship betw and mobility? O older workers tend to have more specific human capital and on-the-job training. O Older workers tend to have more general training. O Younger workers have less time to recoup their investment costs. Both direct and psychic costs of moving tend to decrease with age

Which one of the following helps to explain the observed relationship betw and mobility? O older workers tend to have more specific human capital and on-the-job training. O Older workers tend to have more general training. O Younger workers have less time to recoup their investment costs. Both direct and psychic costs of moving tend to decrease with age

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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oaxaca decomposition Suppose that, on average, men earn $20 an hour and have an average of 15 years of schooling. Women earn $15 an hour and have an average of 14 years of schooling. If the estimated return to schooling for men is 0.30 (implying that each additional year of schooling translates into an additional 30 cents per hour), then the gender gap in schooling explains: 20% of the wage gap between men and women More than 100% of the wage gap between men and women 15% of the wage gap between men and women None of the wage gap between men and women 6% of the wage gap between men and women
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