A firm is considering hiring a worker and providing the worker with general training. The training costs
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A firm is considering hiring a worker and providing the worker with general training.
The training costs $1,000, and the worker’s MRPL during the training period is $3,000. If the worker can costlessly move to another employer in the post-training period and that employer will pay a wage equaling the new MRPL how much will the training firm pay the worker in the training period?
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Related Book For
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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