Improve worker productivity

Assignment Help Business Economics
Reference no: EM13734313

A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate whether more job training makes workers more productive. However, rather than having data on individual workers, you have access to data on manufacturing firms in Ohio. In particular, for each firm, you have information on hours of job training per worker (training) and number of non defective items produced per worker hour (output).

(i) Carefully state the ceteris paribus experiment underlying this policy question.

(ii) Does it seem likely that a firm's decision to train its workers will be independent of worker characteristics?

(iii) Name a factor other than worker characteristics that can affect worker productivity.

 

(iv) If you find a positive correlation between output and training, would you have convincingly?

Reference no: EM13734313

Questions Cloud

Savings account to fund : If the university's school of engineering can earn 4% on it's investments, how much should be in it's savings account to fund one $5000 scholarship each year for 10 years?
What will be the amount of that future repayment : Juno Manf. Company has decided to build an expansion of its manufacturing facility that will cost $63,022. It has arranged thru the small business association to borrow $36,281 from Allied Bank at an annual interest rate of 6.27%/yr. It will use mone..
Find that the parking lot cost index : You have been asked to estimate the cost today of a 2,500 ft2 parking lot. You research and find that parking lots have a power-sizing exponent of 0.55 and that your company built a similar 1,000 ft2 lot 5 yrs ago that cost $50,000. You also find tha..
Financial statements due to an error in accounting principal : Locate an article from a financial periodical from the past 2 years about a company that restated its financial statements due to an error in accounting principal. Examples of periodicals are CFO and Journal of Accountancy.
Improve worker productivity : A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate whether more job training makes workers more productive. However, rather than having data on individual workers, you have acces..
Consider a market with a demand curve : Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
What is the root cause of great minimum wage increase debate : What is the current minimum wage in IL and based on research what possible implications would an increase in the minimum wage post to the state of IL? Based on research and critical analysis what is the root cause of the great minimum wage increase d..
How does the introduction of minimum wage : How does the introduction of minimum wage in the US confirm or dispel that minimum wage was never indented to be a living wage? What are at least two specific goals of minimum wage laws and what modern day societal occurrences speak to either proof t..
What is the annual equivalent cost for the truck : The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..

Reviews

Write a Review

 

Business Economics Questions & Answers

  What to produce with limited resources

List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the three basic economic questions: What to produce with limited resources? How to produce the goods and se..

  Which one should you sell care about rates of return

Selling stocks. Suppose you have two stocks A and B. One falls in price and or increases. If you only care about rates of return, which one should you sell?

  What is the cross-price elasticity of good x

Suppose the demand function is Qxd = 100 - 5Px + 2Py - M. If Px = $4, Py = $2, and M = $50, what is the cross-price elasticity of good x with respect to the price of good y?

  Qsara is a dotcom entrepreneur who has established a web

q.sara is a dot.com entrepreneur who has established a web site at which people can design and buy a sweatshirt. sara

  Explain economy experiences an unexpected recession

Explain your answer the economy experiences an unexpected recession; the price of Good Z increases. The price of Good Y increases; the price of Good Z increases.

  Some low-wage countries

Why do some low-wage countries, such as China, pose a threat to manufacturers in industrial countries, such as the United States, whereas other low-wage countries, such as Haiti, do not?

  Price ceiling and price floorintroductionprice ceiling is

price ceiling and price floorintroductionprice ceiling is the law that sets a maximum price below the equilibrium

  What economic policy changes might you expect

Three months ago you purchased, at par, a $100,000 bond with a stated interest rate of 5%. Today, the Federal Reserve announced

  Illustrate what effect with this have on its optimal price

Which corporation's settlement obligations are expected to raise its standard total cost per pack by about $.60. Illustrate what effect with this have on its optimal price.

  Elucidate what happens to the price of oranges

Elucidate what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze. Can you say what happens to the demand for orange pickers.

  Has charterholder violated any of the cfa institute standard

A CFA charterholder is the Fund Manager for a non-profit organization. During a presentation regarding the restructuring of their investment portfolio's asset allocation, the Head of the Finance Committee questions the manager. As part of his resp..

  Sporting goods store to buy a new set

Cameron visits a sporting goods store to buy a new set of golf clubs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd