Suppose that a labour 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 noted 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?
Suppose that Cho receives higher pay at her workplace than her colleagues do, even though they perform essentially the same type of work. If Cho's productivity is about 25% higher than that of each of her colleagues, which of the following wage concepts can explain this wage disparity? Check all that apply
1.
The economist also noted that each of the subject's position was found through connections at his family's exclusive country club. this is luck by chance he has. so this option is correct. rest option does not lead to higher wages in one's lifetime. so, the answer is (A) chance.
2.
In this case, Cho receives a higher income than her colleagues by performing the same type of work. The reason for this higher wager is that Cho is
2. 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? Chance Compensating differentials Efficiency wages Effort Suppose that Yvette receives higher pay at her workplace than her colleagues do, even...
Alternative explanations of wage disparities Suppose that a labor economist performs a statistical analysis on economywide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth. How much of the variation in worker wages can be accounted for by such measurable explanatory factors? About 0% Somewhat more than 60% Somewhat less than 50% Nearly 100% Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain...
1. What theory would justify a job advertisement that reads: “Help Wanted! Dangerous job but excellent pay and benefits”? a. human capital d. winner-take-all b. life-cycle wage pattern e. efficiency wage c. compensating differentials 2. Mitchell has a cause: He loves cats. As an economist, he could earn $100,000 as a faculty member, but instead he decides to devote his time to the Humane Society as its chief economist. Knowing nothing else, you would expect that he would receive a....
SESSION 12 Workers for Ivanka's clothing company The reality of working in a factory making clothes for Ivanka Trump’s label has been laid bare, with employees speaking of being paid so little they cannot live with their children, anti-union intimidation and women being offered a bonus if they don’t take time off while menstruating. The Guardian has spoken to more than a dozen workers at the fashion label’s factory in Subang, Indonesia, where employees describe being paid one of the...
> human capital is also an answer
Earl of Sandwich Sun, Dec 12, 2021 5:36 PM