LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 4RQ
To determine
The reason for considering the percentage gain in earnings from one more year of schooling as the marginal rate of schooling.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What is the Relationship between Education and Human Capital?
How does a human capital investment in education increase your lifetime earning?
Why did the labor force participation rate of women increase so much in the past century?
Knowledge Booster
Similar questions
- About what proportion of the variation of wages across workers is explained by factors that can be measured? What are the other factors that explain wage differences but are difficult to measure?arrow_forwardHow does a college education increase ones human capitalarrow_forwardCan you define workforce participation rate?arrow_forward
- Discuss how differences in discount rates or in ability across workers lead to differences in earnings and schooling. Under what conditions can the rate of return to schooling be estimated? (Pg 240-241) a sup yees would experience a loss if employmen 1arrow_forwardDiscuss costs and benefits of job search.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
- Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co