Labor Markets, economics homework help

1. Looking at training by firms:

a. Compare and contrast general and firm specific training.

b. What are the direct and indirect costs of employer-provided training?

c. Explain the connection between firm specific training investments and the tendency of both employers and workers to wish to establish a long-term relationship with each other

2. The U.S. Department of Labor has posted predicted occupational projections that include the level of education and training necessary for each occupation. (

a. Do you find any surprises in the predictions?

b. How do these predictions square with increasing income inequality based on educational level? How do these predictions square with increased pressures for postsecondary education and funding for postsecondary education?

c. Discuss the projections using views expressed as part of the Hilton (2008) article or any other of the readings for this topic.

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