« previous next »

Author Question: What is the difference between wage differentials caused by differences in human capital and ... (Read 44 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
What is the difference between wage differentials caused by differences in human capital and compensating wage differentials?
 
  What will be an ideal response?

Question 2

In the figure above, when the market is unregulated and in equilibrium, the deadweight loss is ________ thousand per month.
 
  A) 250
  B) 125
  C) 150
  D) 50
  E) zero


xiazhe

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

Human capital refers to an individual's stock of skills to produce economic value. With higher education and experience, the human capital of an individual increases. Hence, people with a higher level of human capital tend to get higher wages than people with a lower level of human capital. On the other hand, compensating wage differentials arise from the nature of the job rather than the human capital involved. A compensating wage differential is a wage premium paid in order to attract workers to otherwise undesirable occupations.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
Reply #2 on: Jun 29, 2018
Correct answers!


xiazhe

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Subtle Differences in Written Words Subtle Differences in Written Words
Significant hash can be caused by faults in one or more cylinders, whereas amplified hash is not ... Significant hash can be caused by faults in one or more cylinders, whereas amplified hash is not ...
The four routes of entry into the human body for hazardous materials. The four routes of entry into the human body for hazardous materials.
Human chromosomes as seen at metaphase of mitosis in the scanning electron microscope. The replicate Human chromosomes as seen at metaphase of mitosis in the scanning electron microscope. The replicate
Annotation of a DNA sequence containing part of the human beta-globin gene Annotation of a DNA sequence containing part of the human beta-globin gene
A bipedal human A bipedal human
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library