If someone takes a leave from the labor force for several years after having children and then they re-enter when their kids go to school, how will this tend to affect their returns to human capital? Group of answer choices This will flatten their age earnings profile as they miss out on salary growth from continuously working If they anticipated this they also likely stayed away from fast changing industries where the penalty for time out of the labor market it bigger. All three are likely true They miss out on collecting the education wage premium during the years they are out of the workforce.
If someone takes a leave from the labor force for several years after having children and then they re-enter when their kids go to school, how will this tend to affect their returns to human capital? Group of answer choices This will flatten their age earnings profile as they miss out on salary growth from continuously working If they anticipated this they also likely stayed away from fast changing industries where the penalty for time out of the labor market it bigger. All three are likely true They miss out on collecting the education wage premium during the years they are out of the workforce.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:If someone takes a leave from the labor
force for several years after having
children and then they re-enter when
their kids go to school, how will this tend
to affect their returns to human capital?
Group of answer choices
This will flatten their age earnings profile
as they miss out on salary growth from
continuously working
If they anticipated this they also likely
stayed away from fast changing
industries where the penalty for time out
of the labor market it bigger.
All three are likely true
They miss out on collecting the education
wage premium during the years they are
out of the workforce.
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