Explain the theory of why specific training is paid for by the firm instead of the...
- Explain the theory of why specific training is paid for by the firm instead of the worker.
Homework Answers
Specific skills are not portable and only useful at the incumbent firm. Once a worker leaves a firm, any specific training that they have acquired cannot be transferred to a new role. As specific training being non-transferable, the worker would lose the higher wage if they were dismissed or moved firms. This time the worker may be reluctant to invest in training, at the risk of not recouping this investment if they were fired. The firm are not required to increase the wage of a worker who acquires specific skills. Therefore, the firm is more likely to pay for specific skills training.
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Explain the theory of why specific training is paid for by the
firm instead of the...
Pick one of these and answer it. (If you pick both, no points for you!) (10...
Pick one of these and answer it. (If you pick both, no points for you!) (10 points) Make a graph to show the trends in Labor Force Participation rate for Males and for Females in the U.S. since 1960. (It doesn’t have to be exact, just the basic idea and some reasonably close numbers.) Give one reason for the trend in Male LFRP and one reason for the trend in Female LFRP (10 points) Explain the theory of why specific...
Camb un 2. Explain the success of the training program using conditioning theory and social cognitive...
Camb un 2. Explain the success of the training program using conditioning theory and social cognitive theory. How do these theories explain why the training program was not more effective? How could the program be improved by using some of the consents, principles, and components of each theory?
1. Explain why theory is used in health communication planning, and cite a specific example from the chapter.
1. Explain why theory is used in health communication planning, and cite a specific example from the chapter.
Why is Adult Learning Theory important to consider in developing training program in the organization?
Why is Adult Learning Theory important to consider in developing training program in the organization?
Explain the stakeholders theory of a firm?
Explain the stakeholders theory of a firm?
Suppose a firm the firm's initial costs when hiring a worker include hiring and training costs...
Suppose a firm the firm's initial costs when hiring a worker include hiring and training costs of $50. The wage rate for each period of employment is Wt=$100 (the same for all periods), and the value marginal product of a worker is also the same in every period, VMPt=VMP (a constant). Assume the interest rate is zero (the firm has no discounting factor over time). A. Write out this firm's profit maximizing employment rule for two periods. How productive must...
explain why endosymbiotic theory clashes with or agrees with the theory of evolution.
explain why endosymbiotic theory clashes with or agrees with the theory of evolution.
Please be specific in your answers. Thanks a lot! Intermediate macroeconomic theory I (ECON303) Tutorial #3:...
Please be specific in your answers. Thanks a lot!
Intermediate macroeconomic theory I (ECON303) Tutorial #3: The firm's problem Paul owns a firm that produces output (Y) with capital (K) and labour (N) accord- ing Y = zk" N i n which z is total factor productivity. Say that z = 100, that K = 1. and that a = 0.5. Each worker supplies one unit of labour. Each unit of labour is paid the wage rate w. The price...
Labor Questions Provide an example that shows the difference between general and specific training as it...
Labor Questions Provide an example that shows the difference between general and specific training as it pertains to Human Capital Theory.
Why do you think most firms issue debt instead of only issuing equity? explain. Why do...
Why do you think most firms issue debt instead of only issuing equity? explain. Why do you think a highly profitable firm like Apple (AAPL), with almost $250 BILLION of cash on hands, would issue debt? explain.
Camb un 2. Explain the success of the training program using conditioning theory and social cognitive theory. How do these theories explain why the training program was not more effective? How could the program be improved by using some of the consents, principles, and components of each theory?
1. Explain why theory is used in health communication planning, and cite a specific example from the chapter.
Please be specific in your answers. Thanks a lot!
Intermediate macroeconomic theory I (ECON303) Tutorial #3: The firm's problem Paul owns a firm that produces output (Y) with capital (K) and labour (N) accord- ing Y = zk" N i n which z is total factor productivity. Say that z = 100, that K = 1. and that a = 0.5. Each worker supplies one unit of labour. Each unit of labour is paid the wage rate w. The price...
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