What are the components of a virtuous cycle

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Reference no: EM133322277

Question 1. Assume a job requires no on-the-job training and worker skills do not increase with the simple passage of time. If the present value of the wage payments were the same, why might the worker prefer being paid less than the value of his or her marginal product at the beginning of the career and more than the value of the marginal product at the end of the career, as opposed to being paid his or her value of the marginal product every year?

Question 2. Explain how your actions influence your children's lifetime earnings. How confident should you be that your children will live better lives than you? Discuss.

Question 3. What is the most effective balance between supply-side and demand-side interventions in reducing poverty and inequality?

Question 4. Explain how your actions influence your children's lifetime earnings. How confident should you be that your children will live better lives than you? Discuss.

Question 5. What are the components of a virtuous cycle that attempts to reduce poverty? Under what conditions would the virtuous cycle be effective?

Reference no: EM133322277

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