Alternative explanations of wage disparities
suppose that a labor economist finds that...
Business, 19.12.2019 04:31 alesyabursevich
Alternative explanations of wage disparities
suppose that a labor economist finds that one of her research subjects has earned significantly higher wages throughout his lifetime than would be predicted by standard measured variables. the economist also notes that each of the subject's positions was found through connections at his family's exclusive country club.
which one of the following most likely explains this person's unusually high earnings?
a. effort
b. efficiency wages
c. chance
d. compensating differentials
Answers: 3
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