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Why would an employer be reluctant to hire a person for a job that entailed a considerable amount of specific on-the-job trainning if the person had a high probability of leaving the firm after a year of two? How can this help explain the flatter age/earnings profile of female workers relative to male workers?

(Problem taken from Kaufman and Hotchkiss " The Economics of Labor Markets")

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91673338

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