Mike and Betty Gordon are both 66 years old. Mike will retire January 1 from his position as a professor of radical social thought. He will be eligible for a pension of $50,000 p. a., indexed to the Consumer Price Index. He will receive maximum CPP, and is already receiving full OAS. He has $200,000 invested in ethical mutual funds (adjusted cost base $150,000). Assume Mike will receive about $5,000 in dividends from the mutual fund and $2,000 in realized capital gains. Betty has no pension, but is receiving full OAS. Betty has $100,000 in a spousal RRSP, invested in Canada Trust GICs. They jointly own a condominium in Toronto worth $250,000 (no mortgage). Their planned donations for this year include $2,000 to registered charities, and $200 to a registered federal political party. They have two children. One of the children is married, with three children of his own. (a) How should they structure their retirement planning, both now and for the rest of their retirement

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Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

Increases in output and increases in the inflation rate have been linked to