Part 1:
http://bingweb.binghamton.edu/~polachek/Econ_443/handout5/handout5.htm
Question 1
• Calculate the present value for a 17 , 20, 22, 24, and 25 year old.
• Suppose this person drops out of the labor force for ages 20, 21, 22, and 23. Compute the present value at ages:
• What implications does dropping out of the labor force have on investment in human capital?
Question 2
• Interpret the coefficient for h
• How much would earnings of a woman decline if she dropped out of the labor force for ten years? Hint: the earnings decline is measured relative to a woman who does not drop out of the labor force.
Part 2: Additional Questions:

1. In one short sentence, why are babies in at risk families that look like their fathers healthier?
2. In one short sentence why does paid family leave increase on-time child vaccination rates?