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Business, 05.05.2020 16:44 BigDough9090

Suppose that a labor economist claims that recipients of economics Ph. D.s gain little in terms of acquired productive skills from their graduate studies but that, instead, the degree simply reflects a high level of inherent mathematical ability.
Which one of the following characterizes the labor economist's perspective on the link between education and wages?

a. Compensating differentials
b. The superstar phenomenon
c. Signaling
d. Human capital

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