2. Comment on the following statements: a. Given the work life cycle of the \"tr
ID: 1156993 • Letter: 2
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2. Comment on the following statements: a. Given the work life cycle of the "traditional" woman, it may be rational for women to invest less in human capital than men Older workers are less mobile geographically than young workers An economic recession tends to stimulate college enrollment One of the disadvantages of Social Security's benefit reduction rate (reducing benefits if you earn above a certain amount while drawing on it) is that it biases away from human capital investment and towards bonds and stocks b. c. d.Explanation / Answer
1. The work-family-work life cycle for customary ladies suggests an intruded on profession and a shorter timeframe in the work compel. With fewer years over which to gather returns on an interest in human capital and the likelihood of critical decay of aptitudes amid the nonappearance from the work drive, ladies have a tendency to put less in human capital or to put resources into more sturdy abilities which don't devalue rapidly (however has a lower rate of return).
2. In particular, as a result of their higher moving costs, more seasoned laborers just move when they have a vastly improved wage draw at the goal. In this way, the choice impact along the wage stun measurement is higher among more established specialists making the wages of more seasoned movers bigger with respect to those of more youthful movers.
3. A few specialists guess that a diminishing economy really empowers understudy enlistment. As Inside Higher Education investigates, "Regardless of whether it's the economy, new scholastic projects or better selecting, junior colleges are seeing an enlistment blast. As the activity advertise turns out to be progressively aggressive, jobless specialists can increase new aptitudes while building a more grounded continue by going to junior college courses. This open door furnishes work applicants with a more noteworthy aggressive edge while applying for open employments later on. As junior colleges are furnishing an assorted gathering of understudies with extra aptitudes and encounters for the aggressive and lessening work showcase, a few specialists likewise anticipate that the reasonableness of junior college classes is another factor boosting enlistment numbers and achievement.
4. The Social Security benefits that individuals get in the year they are first qualified for benefits—at age 62 for resigned specialists and 5 months after the beginning of incapacity for impaired laborers—rely upon an equation set in law. At the point when laborers first claim Social Security benefits, installments depend on their normal lifetime income. Since a similar advantage decreases would apply to all recipients, a weakness is that individuals with bring down advantages would for the most part encounter a bigger rate diminishment in all out pay. Specifically, such individuals are more improbable than others to have funds and wellsprings of pay outside of Social Security, for example, annuities, so a lessening in Social Security advantages would bring about a bigger decrease in complete pay for that gathering and a more noteworthy decrease in their way of life.
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