| 1. fiogf49gjkf0d Outline the principal features of the canonical ILM proposed by Doeringer and Piore. How do they differ from the recent evidence adduced by Baker, Gibbs, Holmström, and Lazear? |
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| 2. fiogf49gjkf0d In a competitive market setting, why is it essential for the validity of the canonical approach that the ILM comes into contact at a few distinct entry and exit ports? |
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| 3. fiogf49gjkf0d Describe the principal investments that workers and employers make over the course of a given worker's tenure with the firm. Why do they help explain the durability of many careers? |
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| 4. fiogf49gjkf0d What are meant by career concerns? How does this concept differ from the rat race? |
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| 5. fiogf49gjkf0d fiogf49gjkf0d What is meant by an implicit contract? Give some examples of items that might be included as part of an implicit contract. |
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| 6. fiogf49gjkf0d fiogf49gjkf0d Explain why backloading an individual's earnings can motivate him or her to work hard. Are there any pitfalls in this arrangement? |
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| 7. fiogf49gjkf0d fiogf49gjkf0d What is meant by the Peter principle? |
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| 8. fiogf49gjkf0d fiogf49gjkf0d Give some reasons for why contracts tend to be incomplete. In this sort of setting, what is the advantage of ownership? |
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| 9. fiogf49gjkf0d fiogf49gjkf0d Briefly describe the primary economic distinction between independent contractors and the firm's own employees. |
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