1 Discuss How The Present Value Of A Future Income Payment Is Calculated 2 Discuss H 2652642

1. Discuss how the present value of a future income payment is calculated.

2. Discuss how the wage-schooling locus is determined in the labor market, and why it is upward sloping and concave.

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3. Derive the stopping rule for investments in education.

4. Why does the percentage gain in earnings observed when a worker gets one more year of schooling measure the marginal rate of return to education?