Which of the Following Best Explains Why the Most Rapid

question 30

Multiple Choice

Which of the following best explains why the most rapid increase in a person's wages usually occur at younger ages, giving a concave shape to the age/earnings profile?

• A) Oon-the-job training is free.
• B) On-the-job training usually declines with age.
• C) People who have more human capital are more likely to acquire more on-the-job training.
• D) People with children cut back their hours of work.

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