What is the impact of the TFW program on underemployed and unemployed domestic youth? What is the impact of permanent economic immigrants on those same youths?
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- What is the impact of the TFW program on underemployed and
unemployed domestic youth? What is the impact of permanent economic immigrants on those same youths?
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- Some MPs believe that there is a causal relationship between earnings and years of schooling. They show you an estimate of the impact of years of schooling on annual earnings: There are two groups of individuals – group 1 and group 2. Group 1 on average earns £60,000 per year with the average level of post-compulsory education of 6 years, while group 2 earns on average £40,000 with the average post-compulsory education of 4 years. The MPs conclude that the annual return to an additional year of education is 25% using the following equation [(£60,000-£40,000)/40,000]/(6-4)=25%. Ignoring time preferences and discounting, and if both groups face the same cost of schooling, you need to explain to the MPs why this is not a good estimate of the annual return to an additional year of education. Propose methods to the MPs to deal with the problem. (300 words)Below is a chart showing the Labor Force Participation rate for 15-64 year olds in the U.S. vs. Japan (called the 'Activity Rate' in the OECD data). Based on this chart, answer the questions below: FRED Actvity hate Aged 158 AN Persans r the thot Stanos Actvity RateAged 15 AN Persans for Apar 22 2002 2004 2006 010 2012 20 Sdng areas ndicale US recessioHIS Source Orgazation for Economc Co operaion and Develpment med souisled.org a) How could these trends in thé US & Japanese Labor Force Participation (LFP) rates impact per capita real GDP growth rates in their respective countries (i.e. in the U.S & in Japan)? Are there any factors which could mitigate the impact of these LFP trends on growth? b) What factors are likely to impact the trends in U.S. and Japanese LFP in the next year? Over the next 10 years?Explain the term multicolllinearity
- MP believe that there is a causal relationship between earnings and years of schooling. They show you an estimate of the impact of years of schooling on annual earnings: There are two groups of individuals – group 1 and group 2. Group 1 on average earns £60,000 per year with the average level of post-compulsory education of 6 years, while group 2 earns on average £40,000 with the average post-compulsory education of 4 years. The MPs conclude that the annual return to an additional year of education is 25% using the following equation [(£60,000-£40,000)/40,000]/(6-4)=25%. Ignoring time preferences and discounting, and if both groups face the same cost of schooling, you need to explain to the MPs why this is not a good estimate of the annual return to an additional year of education. Propose methods to the MPs to deal with the problemPlease answer ASAP. explain briefly how you got the answer. Will rate positively. :)Please no written by hand solutions You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee ValueProbability$55,0000.1$64,0000.1$73,0000.1$82,0000.1$91,0000.1$100,0000.1$109,0000.1$118,0000.1$127,0000.1$136,0000.1 The expected value of hiring one employee is ? Suppose you set the salary of the position equal to the expected value of an employee. Assume that employees will not work for a salary below their employee value. The expected value of an employee who would apply for the position, at this salary, is ? Given this adverse selection, your most reasonable salary offer (that ensures you do not lose money) is ? .
- 39. In this exercise we estimate the rate at which the total per- sonal income is rising in the Richmond-Petersburg, Virginia, metropolitan area. In 1999, the population of this area was 961,400, and the population was increasing at roughly 9200 people per year. The average annual income was $30,593 per capita, and this average was increasing at about $1400 per year (a little above the national average of about $1225 yearly). Use the Product Rule and these figures to estimate the rate at which total personal income was rising in the Richmond-Petersburg area in 1999. Explain the meaning of each term in the Product Rule.Assume that we are interested in finding the impact of education on hourly wages, but not in dollar terms, instead in TL terms. Assume that ETL/S= 10. What happens to regression outcomes? 1 2 4 5 6 7 8 9 10 Wage 7. 13.50 15.35 23.12 12 7.70 16.46 7.07 6.04 14.90 Educ Wage TL 16 70 12 135 20 153.50 12 18 12 14 12 12 16 231.20 120 77 164.60 70.70 60.40 149The rise of the contingent workforce (case study)The nature of employment is changing. Over 80% of executives surveyed by Oxford Economics say theyare increasingly using contingent employees—non-payroll personnel including intermittent and seasonalemployees, consultants, freelancers, and part-timers. The trend is global and cuts across industries.Managing these contingent workers effectively requirescompanies to make major updates to technology, training,and culture—and the degree of difficulty is likely to increaseas lawmakers and regulators around the world sharpen theirfocus on the issue. Yet our survey of over 2,700 executivesin 27 countries shows that most companies are strugglingto keep up with the transformational changes to traditionalwork arrangements that are already underway. Just 42% ofexecutives say the influx of contingent workers is having animpact on their workforce strategies—roughly half the numberwho say they are using more of these workers.The rise of the…
- Briefly explain different stages in assessment cycle? With exampleLifetime employment contracts are illegal in Lebanon. * OTrue False1. Assume that a survey of households revealed that the non-institutional population 16 years and older is 250 million. Of that group, 100 million are working full-time and 50 million are working part-time. 15 million of the part-time workers said that they would prefer to be working full-time while the other 35 million prefer to be working part-time. Of the people who are not working, 11 million said that they want to work. All 11 million had either gone to a job interview or submitted a resume during the last year, but only 5 million had done so during the past month. Given this information, find the a. unemployment rate b. labor force participation rate c. u6 measure of labor utilization