LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Question
Chapter 7, Problem 3RQ
To determine
The role of experimental method to evaluate the impact of training programs.
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Discuss how empirical studies estimate the rate of return to schooling and the methods used to avoid the problem of ability bias.
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- Case study 1.6: Factor substitution in the National Health Service The National Health Service (NHS) in the UK was founded in 1948 and was the first state-run free health service in the world. It originated at a time of national euphoria following victory in World War II, which generated a sense of confidence and solidarity among politicians and public. In particular it was felt that class distinctions were finally disappearing. The extensive rationing of products, both during and after the war, played a big part. Not only did this result in queuing for goods by rich and poor alike, but it gave the government a sense that state control of distribution was not only possible but in many cases desirable. The basic objective was to provide all people with free medical, dental and nursing care. It was a highly ambitious scheme that rested on various premises that have since proved flawed. These were: 1 The demand for health care was finite; it was assumed that some given amount of…arrow_forwardSkill Circle Model Assume a firm incurs overall labor costs of $22 per hour- which includes wages and training costs. Unit training costs equals $160/h and the wage equals $20/h. How many firms are there?arrow_forwardThe breaking up of jobs into smaller and smaller units, with each worker performing fewer tasks but repeating them thousands of times per day, has contributed to health problems of workers true falsearrow_forward
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