Labor Economics 5th Edition by George Borjas

تمرين 22

Jill is planning the timing of her on-the-job training investments over the life cycle. What happens to Jill's OJT investments at every age if
(a) the market-determined rental rate to an efficiency unit falls
(b) Jill's discount rate increases
(c) the government passes legislation delaying the retirement age until age 70.
(d) technological progress is such that much of the OJT acquired at any given age becomes obsolete within the next 10 years.